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Hello!
Let us do Multipie version of #DiwaliPicks Anyone interested pls share with the hashtag.
Here are mine 2 picks, both based on #promoterbuying
1. $RPSG Ventures Ltd (CMP: 480): Sanjiv Goenka owned prominent business family in Kolkata. At deep value at 1400 cr market cap. Promoter increased stake from 55% to 59% last qtr.
Business has few segments:
A. Holdco for $Firstsource Solutions Ltd - holds 55% stake (listed at 7100 cr mcap). Fair holding value min 1600 cr at 60% holdco discount
B. FMCG brands being developed
- Too Yumm (launching more snacks)
- Naturali (facewash, shampoo, etc) launched in Sep 2021.
FMCG biz did 100 cr revenue last qtr and guidance is 1000 cr+ revenue in 3 years. FMCG CEO is Rajeev Khandelwal, 25 years in FMCG at big brands (good feedback). Better than last CEO S. Sameer who had moved to BharatPe. FMCG biz is currently operating profitable net loss making.
3. Franchise owner of Lucknow Super Giants.
1/2
Let us do Multipie version of #DiwaliPicks Anyone interested pls share with the hashtag.
Here are mine 2 picks, both based on #promoterbuying
1. $RPSG Ventures Ltd (CMP: 480): Sanjiv Goenka owned prominent business family in Kolkata. At deep value at 1400 cr market cap. Promoter increased stake from 55% to 59% last qtr.
Business has few segments:
A. Holdco for $Firstsource Solutions Ltd - holds 55% stake (listed at 7100 cr mcap). Fair holding value min 1600 cr at 60% holdco discount
B. FMCG brands being developed
- Too Yumm (launching more snacks)
- Naturali (facewash, shampoo, etc) launched in Sep 2021.
FMCG biz did 100 cr revenue last qtr and guidance is 1000 cr+ revenue in 3 years. FMCG CEO is Rajeev Khandelwal, 25 years in FMCG at big brands (good feedback). Better than last CEO S. Sameer who had moved to BharatPe. FMCG biz is currently operating profitable net loss making.
3. Franchise owner of Lucknow Super Giants.
1/2
