Equity Watch list 2018 2019

Equity Watch list 2018 2019

Keep a watch on following

New findings

One of the new problem that has surfaced is promoter playing with the money when they have

a single flagship companies and they want to diversify using a different holding company.

May 2018

• P C Jeweller
  The link between Vakrangee and P C Jewellers. The vakrangee was accused of  manipulating share price of P C Jeweller.
  Under Investigation.

Dec 2018

• Eveready industries
• Founder wants to off load. B M Khaitan group.

Jan 2019

• Sun Pharma

The promoters are involved in giving loan to their other unlisted companies.
Poor corporate governence.
Under Investigation.

• Zee group

Too much debt. Founder wants to off load.
Zee entertainment, Zee learn, Dish tv.

Too much debt due to overbidding by Essel infra in road, infrastructure, power transmission and solar power projects.

Debt also due to buyout of Videocon d2h by Dish tv.
Dish TV may be sold/merged.
What about essel propack?

Feb 2019

• Dewan Housing finance

 Possible diversion of money by promoters...

Inflation of loan book by giving loan to companies related to promoters.

Possible conflict of interest : took money from DHFL Primerica fund. Related party fund has lot of exposure to company.

The group (Wadhvan group and DHFL finance  holdings) trying to offload Aadhaar housing to Blackstone and divest DHFL Primerica to Primerica.

• Vedanta Limited:

Vedanta resources PLC was unlisted from UK stock exchange in 2018.

Vedanta Limited is a subsidiary of Vedanta resources.

Promoters have offloaded their holdings in Anglo American through Vedanta Resources PlC to Vedanta Limited.

Is there a game in it ?

Hindustan zinc is cash cow for promoters and is a subsidiary of Vedanta Limited.

2nd case : environmental concerns in Tamilnadu for Vedanta copper plant.

Mar 2019 

• Amara Raja Batteries
• The Amara Raja Batteries ends tie up with Johnson Controls (USA).
• Johnson control (USA) has sold the battery business to Brookfield Asset Management in USA.
• 2% bought by Galla family. 24% still with Johnson controls.
• Good: Fully absorbed current technologies.
• Worst Fear : New Technology development and transfer.  Who is technology provider for Exide?

Apr 2019

• Indiabulls housing fiance
• Indiabulls housing finance merges with Laxmi Vilas Bank. why?