Rounaq Bakshi notes

  Rhi Magnesita: Down 30% from top RHI Magnesita India Limited is a leading India-based supplier of high-grade refractory products, systems and solutions to the India and West Asia region, which are indispensable for industrial high-temperature processes exceeding 1,200°C in a wide range of industries including steel, cement, non-ferrous metals and glass India will require additional Blast Furnace capacity to meet stated Steel output targets.  There are currently 7 new large Blast Furnace projects at different stages of installation or commissioning.  India is the global leader in coal based DRI Production and this will continue to grow while alternative technologies ramp up. India’s Iron ore grade ensures demand for pellet plants. Ageing Coke plant capacity offers upgrade and maintenance driven demand visibility for the next 5-10 years. We also expect commissioning of new batteries RHI Magnesita India now has a compelling local for local market offer for blast furnace an...

  https://youtu.be/8khcKCfuJsQ?si=m9gs8HYGqzTFCLQg India's target of 20% ethanol blending advanced from 2030 to 2025-26 To achieve the target of 20 per cent by 2025,  about 1,016 crore litres of ethanol  would be required Most  sugar stocks  surged, after oil & petroleum minister  Hardeep Singh  Puri reiterated the government's focus on  ethanol  production.  Money managers and analysts said  sugar  stocks could continue to firm up as the  government policy  on  ethanol production  growth becomes clearer Production of indigenous biofuels will play a pivotal role in achieving the targets of net zero and import reduction.  Increased the ethanol blending in petrol from 1.53 per cent in 2013-14 to 10.17 per cent in July 2022. This translates into forex savings of Rs 41,500 crore, timely payment of over Rs 40,600 crore to farmers and a reduction of 27 lakh tones in CO2 emissions. 

Star Health continues to lead the retail health segment with a 32.2% market share   Bakshi Holdings   < bakshirounaq5@gmail.com > Mon 24 Feb, 08:53 to  me Star Health Insurance Reports Rs. 645 Crore Profit for 9MFY25 Star Health continues to lead the retail health segment with a 32.2% market share   Star Health posted consistent financial and operational performance in 9MFY25.  The company’s combined ratio stood at 101.8%, and its claims ratio stood at 70.66%, both improved sequentially.  The Expense Ratio stood at 31.18%.  The Company’s financial performance is supported by robust growth in its investment income, to Rs. 996 crore in 9MFY25, while the company’s investment assets grew by 15%, totaling Rs. 16,666 crore.  With a solvency ratio of 2.22x, well above the regulatory requirement of 1.5x, Star Health continues to demonstrate financial stability and the ability to support its growing policyholder base   Star Health...

  https://youtu.be/IbWEmgJQHx4?si=D0TUacnxi_9B33qM Is a Good RSI Indicator The relative strength index is a momentum indicator that looks at the pace of recent price changes to determine whether a stock is ripe for a rally or a selloff. Traders who are looking for investment opportunities should look for RSI values  that hit 30 or fall below that level.  This allows them to look for investment options that may be undervalued where the price may increase in the future.  But it's important for investors to remain steadfast and avoid making hasty decisions, since market conditions can change at a moment's notice.

  https://youtu.be/AHhfekJ5hBw?si=BJxg3ZAr1VDRnoUr Manappuram Finance up 66% in a year The stock has grown significantly over the past few months, gaining over 66 percent in the last on year compared to 27 percent rise seen in benchmark Nifty 50. Average ticket size is around Rs 70,000-75,000 and the average life of the loan is for three months.  The anticipated cut in interest rates and geopolitical tensions will act as tailwinds for the gold rates, while rapid conversion to organised business will keep the demand for gold loans robust High gold prices foster gold loan business as customers can avail themselves of loans by pledging lower volumes of gold The customers are mostly from the upper middle class and lower middle class, their requirement for money is the catalyst for growth Planned IPO of Asirvad Microfinance, a non-banking microfinance subsidiary of  Manappuram Finance . The draft red herring prospectus (DHRP) has been filed and the launch is expected in the ne...

  https://youtu.be/Ti7M2slJ0OE?si=g3ofP39FzUY5xCmw Meghmani Organics: promote import substitution by contributing to the government’s ‘Make in India’ and Atmanirbhar Bharat vision. Forayed into Titanium Dioxide (TiO2 ) which is a widely used white pigment in products such as paints, coatings, plastics, papers, inks, foods, medicines, toothpastes. Titanium Dioxide (TiO2 ), an import substitution product, accelerates the Company’s growth plans mirroring the Government’s ‘Make in India’ & ‘Atmanirbhar Bharat’ vision. Nano Urea and Titanium Dioxide (TiO2 ) are poised to contribute to our growth from FY25. Both Crop Protection and Pigment industries are expected to see a gradual recovery in demand, followed by improved pricing from the second half of FY25. Entry into the production of Titanium Dioxide (TiO2 ) aims to promote import substitution by contributing to the government’s ‘Make in India’ and Atmanirbhar Bharat vision.  At present, about 73% of the TiO2 demand is met thr...

  https://youtube.com/shorts/zBYWsWQWlsA?si=ZsQaY7bBokdvMONu SOM DISTILLERIES & BREWERIES:  Official permission from the State of Telangana to supply renowned beer brands.   Telangana, recognized as one of the largest markets for beer consumption in India, presents a significant opportunity for expansion and increased sales.   The approval marks a pivotal step to broaden market reach and cater to the robust demand for beer in the region.  With this new permission, Co. anticipate a substantial increase in sales volume in the short to medium term, bolstering the company’s growth trajectory and market presence.