Category: Observations

On 4th October, 2017, JHS Svendgraad Laboratories Ltd had a meeting with institutional investors.

In the investor presentation to these investors, future plans of the Company was discussed and the following future revenue projections were shared:

Since then, the share price of JHS is hitting the upper circuit every day.

But what is crucial and important is the investor presentation was shared to the general public and retail investors only on 5th October,2017 after the markets got closed.

Jago,SEBI Jago !!

Exactly one year back on 22 Sept,2016 , L&T Chairman A M Naik had said this:

“We made some changes in L&T Finance and it is now on track to growing return on equity. This will drive share prices more and it will cross Rs 100 in three-four months and Rs 150 by December next year ”

Now L&T Finance share price is now trading at all time highs at 213 Rs/share, comfortably beating the Chairman’s expectations.

Maybe the good folks at L&T don’t want to let their Chairman down.

So it’s interesting to hear what the esteemed Chairman has to say about L&T’s share price:

We have already touched Rs 1,70,000 crore worth of market cap. When I took over, it was Rs 2,500 crore, so now Rs 2,500 crore to Rs 1,20,000 crore is roughly 70 times what I told you and that to go to Rs 2,50,000 crore should not be difficult. I think we will be able to achieve that by 2021.

Hat Tip: Gurpreet Narang

All figures as on 31 March, 2017

Hat Tip: Pratik Joshi

Source: BLS International 2016-17 Annual Report

Interesting that most of their operations happen in tax haven Dubai and hardly any tax is paid in India.