Reviews

KRBL

Ticker: 530813 FV: Rs.1
52-Week H/L: Rs.673/296.40

We had recommended KRBL in volume no. 34, issue no. 19 (dated Feb 26, 2018) when the scrip was trading at Rs 576. Our recommendation was backed by factors like strong revenue visibility and rising export volumes. We had reviewed the stock in volume no. 34, issue 31 (dated May 21, 2018) when it was trading at Rs 469. The exports of the company might get affected due to sanctions against Iran and Saudi Arabia. Hence, we had recommended investors to reduce exposure to the stock. Recently, the stock price tanked on news of arrest of its former director's involvement in a scam. The company has denied any connection with the director or its involvement in the scam. At this level, we urge investors to EXIT the scrip.



THE BYKE HOSPITALITY

Ticker: 531373 FV: Rs.10
52-Week H/L: Rs.215/150.25

We had recommended Byke Hospitality in volume no. 34, issue no. 15 (dated Jan 29, 2018) when the scrip was trading at Rs 201. Our recommendation was backed by factors like robust financial performance and positive industry outlook. The company works on asset-light model. It has delivered ROE and ROCE of 21 per cent and 30 per cent , respectively, for FY18. During FY18, the hotel segment's occupancy was 68 per cent and charter segment's occupancy was 95 per cent . In FY18, although revenue dipped by 34 per cent, EBITDA and PAT margins improved to 38.4 per cent and 20.3 per cent due to better operating efficiency and reduced finance costs. Thus, investors can hold the scrip for long term , but EXIT for the short term considering market volatility.