heroxhere wrote:DIPD is a good share. However, IMO there are much better performing stocks in the market at the moment. The recent Dividend of 3/- was not appealing despite being justifiable. I personally feel like the stock is not liquid enough. Just observe the significant price ranges and quantities. If one can hold for long, then definitely, yes.
Normally HAYL Group shares are giving more & more dividends quarter by quarter based on the performance, specially BIG ONE in Q4.
DIPD has a wonderful time with their expansions done in last year as well as spanning of more than 70 countries. Think world glove demand has increased by 600% and no sign to end of covid. Most of coutris locked down the operation in Mar to May 20 and started most of businesses from June 20, Then, again Glove demand as a PPE has been multiplied by few times in addition to 600%. Also,
DIPD recorded massive increase in profit in Q1 with 2 months lock-down.
DIPD has very strong investments such as TPL & KVAL. They are performing well and TEA market is very good one these days. Also, new market places are opened for Gloves & TEA day by day in addition to extra demand on existing market. That will be the reason,
DIPD directors bought
DIPD share bulks at Rs.187-200 range. They know the real value of this share.
Considering all these factors,
DIPD Q2 must be very impressive and a clear picture. When calculated the expected EPS, it should be more than Rs.24 in Q2. Annualized EPS should reflect as Rs.90 +. Based on this annualized PE,
DIPD PE is only 2.44 at current market price. Sector PE is 14.6. If adjust
DIPD price to Sector PE, Price would be > Rs.1,300. But, will not adjust
DIPD price to sector PE. But, it should raise and keep above Rs.400 when compare to other companies specially Manufacturing sector.
Do your own analysis and make this valuable investment.
My view is
DIPD share is the share should go up as EXPO !!
Less Risk + Mass Capital Gains