JUST DIAL and CRISIL IPO grade report !!!

JUST DIAL came out IPO @ 530 in 2013 and listed on 05th June 2013

after three years now trading at 530.

that means zero % return after holding more than 3 years

***

CRISIL gave IPO Grade 5/5 (STRONG) for JUSTDIAL

below is their report link :

https://www.crisil.com/Ratings/Brochureware/News/CRISIL-Research_ipo-grading-rat_just-dial-2013.pdf

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CRISIL is Rs.15000 Cr. Market Cap Company and quoting at 46 P/E

Market Cap to Sales: 9.80

Balance sheet total: 1,333.12 Cr.

****

CRISIL was/is a valued company

but

Was any value in their report of JUSTDIAL ?

Parachute ki Kasam

"The fox was running for his dinner, but the rabbit was running for his life." I n 1999, Harsh Mariwala, the Chairman of Marico received a call from Keki Dadiseth, the then Chairman of HLL (Hindustan Lever, now Hindustan Unilever or HUL). HUL, the granddaddy of the Indian FMCG (Fast Moving Consumer Goods) industry had decided to enter the hair oil segment through its brand ‘Nihar’. The segment was dominated by Marico via its brand ‘Parachute’. Flush from its success in dislodging Colgate as the market leader in the oral care segment, HUL wanted to dominate the hair care segment and intended to buy ‘Parachute’, the crown jewel from Marico. “Mr Mariwala, I will give you enough resources to take care of you and all your future generations. But if you do not sell… ". Mr Mariwala’s reply was firm, " Mr Dadiseth, you may think I am a nut but you will find I am a tough nut to crack. Thanks, but no thanks.” HUL has been in existence in the country since...

BPL - enter & exit game

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In FY 2018-19 only a dozen stocks gave triple-digit percentage up move.

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