Another defence PSU No doubt about quality, rate or valuation Only concerns Previously 2 good defense psu IPOs(HAL,BDL) Both had equally good value but still trading below , they have enough order books good infrastructure but management not delivered If we compares with Cochin shipyard it has not responded too We love india But can we say that for indian PSUs(defence or naval)???? I m applying with full force But will try to exit ASAP
That was my point Besides railways psu and midhani All gave negative returns till date Lazy management and redtapizm never earn you anything. Correct me if any psu doing well and made profit to you? All are optimistic and thinking that ipo is machine to double ur money , please check all the details before investment
You may surprise but I feel considering current time and situation where defense is main focus at least for 2 years these companies will definitely driven by military personnel indirectly.
Highlights of Mazagon Dock : 1. Healthy order book of 54000 crs for next 8 years. Mainly building 4 P15B Destroyers and 4 P17A Stealth frigates. 2. Highly dividend paying company for FY20 it as paid Rs 11 per share as dividend which workout to be 7.4% dividend yield. For FY21 so far it has paid dividend of Rs 2.3 per share. Company is required to pay a minimal annual dividend of 30% of its PAT or 5% of its net worth which ever is higher. 3. Gardan Ship yard is a same kind of company working only for defense and its valuation is PE of 14 times. Gardan Ship Yard EPS 12.07 x 14.40 PE = 173.08 trading at 183.50 yesterday closing. Same value if we can calculate for Mazagon Dock EPS 21.04 x 14.04 PE = 295.40 will be the correct value price. So for sure its 100% listing gains will be there. Even if its 100% listing gains we get perfect valuation justified. Which i have not seen in any recent IPO. Lets take the shipping industry high PE which is 16 EPS 21.04 x 16 PE is the (high PE) Rs 336 even if it goes to Rs 336 also it is reasonably valued. 4. This Stock is very very Cheap don't miss the opportunity. 5. Its a defense support stock and its our pride to have it "Made in India". remember its a highly dividend paying stock. Many EPFO funds and dividend paying themes Funds will chase this stock because absolutely risk free with high dividend return stock.
This is not an investment advise. These are my personals observation from the reports of Mazagon Dock.
Eagleye Mam ka aur Sonal Mam ka .... GMP ka msg....20-30 minutes ke time difference main aata hai....aur GMP rates main bhi.... INR 4-5 ka difference aata hai....
General observation....
But thanks to both of you.... For GMP updates ????
65.1. sonal patel| Link| Bookmark|
September 29, 2020 8:21:16 AM
IPO Guru (1600+ Posts, 5800+ Likes)
Hello default investor Agar gmp same ya 2 to 4 rs updown hoga to same hi ayega na dear.. Accha he na Sab jagah gmp same hai. Or agar sahil hoga to hi 2 to 4 rs difference hoga.baki post karne wale to kuch bi post kar hi rahe hai na..