Equitas now at 135 labels, i remember After listing a member had said that blind short selling of equitas on listing days , and on Monday short covering can take it to 145 or 149 ,
If we compare equitas and alkem for holding point of view , Equitas is superior than Alkem. Alkem is a stock , which have a huge upside potential. There are multiple reasons i.e. 75% + revenue of Alkem is from India which no other major pharma company have in the present uncertain USFDA and Regulatory flag environment. However Alkem had also received such warnings but it will be least impacted in its Top line and bottom line results. U will remember me, once their results will be declared.
Equitas had a great potential as SFB licence holder . in past, no one can imagine the level of kotak mahindra bank and Yes bank, as they are at the moment. Equitas and Ujjivan both have the similar long term potential. I have taken fresh position at 135 in equitas and 1250 in Alkem in addition to IPO allotment. I m not a expert. Also new in this forum. Septa sir and others can correct me, if i am wrong in my assumptions.
Cost of Funds is derived by dividing the short term borrowing by interest payout. With improve credit rating it can save on interest part and it will be 2 to 3 %.
Effective cost of funds can''t come down by 2-3% just because of 1-notch upgrade in rating which was already good. 2-3% cost saving is huge for lending institutions whose NIM is usually around 3%.
Upgrading of Credit Rating by CRISIL 23 Apr 2016 18:30 Equitas Holdings Ltd has informed BSE that CRISIL Limited vide its letter dated April 22, 2016 has upgraded the rating for the long term instruments of the Company''s subsidiaries viz., Equitas Micro Finance Limited and Equitas Housing Finance Limited to ''CRISIL A/Stable'' from ''CRISIL A-/Stable''.
In respect of the Company''s subsidiary, Equitas Finance Limited, CRISIL has reaffirmed the rating of ''CRISIL A1" (pronounced as CRISIL A one rating) for the short term debt instruments.
1777.1. Eagleye| Link| Bookmark|
April 22, 2016 11:54:58 PM
IPO Guru (6600+ Posts, 22000+ Likes)
Viraj Sir,
Thank you for your kind wishes
It is on Monday, 25th April
1777.2. Septa| Link| Bookmark|
April 23, 2016 12:56:02 AM
(4000+ Posts, 4600+ Likes)
i actual sold my position few days back i am not the bullish on Pharma stock given USDFA has increased the number of officer big time plans to raise the number of inspectors to 5,000 in three to five years, from about 1,500.... this will see big increase in audit and finding all this will certainly effect top and bottom line.
At least in case of ALkem revenue is more local so it is actual good contra bet in Pharma but still it will have effects of US FDA.....
I will entry if comes close to issue price or there abt
1777.3. Septa| Link| Bookmark|
April 23, 2016 12:57:00 AM
(4000+ Posts, 4600+ Likes)
you said that people book losses in precam Quick heal and HCG also loss making IPOs why people dont book losses in these stocks. They only book losses in precam.