August 17, 2026 Listed in March 2024, stock has significantly corrected by almost 60%. Co-promoted as a unique 50/50 joint partnership between the asset-heavy Saraf Group (40+ years experience) and global giant Hyatt Hotels Corporation via Two Seas Holdings. Currently operates 7 hotels totaling 1,895 luxury keys (including 245 high-margin serviced apartments). High concentration of … Read more
July 28, 2026 Much lower performance in Q1 FY27 compared with the expectations. Management attributed it conscious choice to ensure long term sound business model. No compromise/ tightening of under writing standards Avoid low margin business Conservative accounting treatment Management is confident of improving and outperforming competition as the situation improves. October 29, 2025 The … Read more
July 27, 2026 During TTM, revenues have grown at 5% but profits declined by -37%. ROE therefore has normalised at 16%. During the latest Q1 FY 27, revenue grew by 16% and PBT by 25%. Management continues to be confident about the overall demand outlook. Margins though would depend upon various factors and hence can … Read more
May 16, 2025 The company was listed on the BSE and NSE in 2016. Established in 1983, BLS is a specialist provider of visa, passport and attestation services across the world. It serves the diplomatic missions by managing all administrative and non-judgmental tasks related to the entire life cycle of a visa application process. BLS … Read more
July 28, 2026 Performance is back on track in last couple of quarters and no real structural issues visible currently. Management is diversifying and gradually increasing focus on alcoholic and dairy. WRT competition, management didn’t seem to be worried. Valuations at 45x TTM P/E is at historical lows. Technically the stock is consolidating. October 29, … Read more
January 29, 2025 ABML is 73.53% owned by Aditya Birla Capital (ABCL) It is the group’s broking and distribution arm present in equity broking, commodity broking, depository services, margin trade funding, PMS (portfolio management services) and distribution of products like mutual funds, insurance and loans. Track record In last 10 years, revenues have increased at … Read more
November 5, 2025 Operational performance as such continues to remain strong. Reported margins however have taken a hit due to paramount Consolidation and higher spends on the technology vertical. Paramount consolidation is expected to normalise over 4-5 qtrs and till then the reported consolidated margins are expected to remain muted. Technology vertical will show improvement … Read more
January 25, 2024 Sustained good performance from ICICI No real red flags. Whereas most of his other competitors are struggling on some or the other parameter, ICICI continues to be the standout performer. Valuations are not over the top. The only point to consider – ICICI is now a consensus buy. Any small lapse and … Read more
May 16, 2025 Ok type performance. Nothing too exciting nor concerning. Future outlook macros started improving from second half of Q4 Target growth of around 15% over near to medium term Current market share is around 8.5% and 9%. Target is to reach 11.5%-12% over next 2-3 years. Hence 15% growth assumption assumes high single … Read more