Maximise

*Maximise Stock Updates* 1) Kernex promoter is buying from the open market & they got another order of 300cr++ 2) PSP projects as guided won 1700cr worth of orders from Adani. All the orders were for Gujarat. Hoping to see traction on Mumbai project orders soon too. Most orders have to be executed between 12 & 18 months. At this point a lot of these things are not really helping with the stock price...So the only hope is the companies execute properly.

Happy MahaShivratri. Stay Blessed. 🙏🏼

*Maximise Stock Update* Kiri just won the right to receive post judgement interest on the payout from the Singapore Court. Senda had also appealed why Kiri is getting priority payment. Judgement was in favour of Kiri in this too where they will still receive priority payment for the sale of DyStar. All in all an excellent judgement for the company. Now the next trigger is hearing updates on the sale of Dystar which should come in the Kiri concall whenever that is.

*Maximise Stock Update* Equinox India sells out 700 units at Embassy Verde in 5 days. They plan to launch phase 2 in March - 25. They also plan to launch another plotted/Villa Project in North BLR in May/June 25. (I am assuming its in the same vicinity) A development in north BLR is several large companies like Amazon are shifting their HQ from south to the north to have closer access to the airport so the place could get good demand both from investors and end users.

Kernex

**Kernex Microsystems - Investment Thesis** ***Company Focus:** Kavach (Train Collision Avoidance System) & Railway Signaling. **Recent Developments:** * Won a significant Rs. 2000cr order for Kavach. * Increased production capacity to 5500 locos/annum. * Entered on-station signaling market, expecting Rs. 800-1000cr orders. **Guidance:** * FY25 revenue target: Rs. 800cr. * FY26 revenue target: Rs. 2000cr. * Operational margin target: 20%. * Order pipeline: Rs. 10,000cr (if all expectations met). **Key Points:** * Strong growth potential with healthy margins. * Focus on advanced technologies for future growth. **Counter Thesis:** * Increased competition could impact margins. * Risk of government slowing down Kavach outlay. * Execution risk. **Technical Outlook:** * Stock bounced off support and is above 50EMA. **Valuation:** * Conservative estimate: FY25 net profit ~ Rs. 190cr. * Implied Mcap at 15-20x PE: Rs. 2800 - 3800 cr. * Current Mcap: ~Rs. 2000cr. *Disclaimer:** This is for informational purposes only and not investment advice. I hope this is helpful! **Note:** * Remember to always conduct thorough research and due diligence before making any investment decisions. * Consider consulting with a qualified financial advisor. PS: Used Gemeni AI to convert my writeup into a more whatsapp friendly version. Also attached the writeup in my non-formal style.

I owe you'll writeups on both Kernex and PSP Projects..will be done before the budget.. 🤞🏼

Doubled allocation in Kernex Systems (Budget Play) If Kavach allocation is low will scale this off again. #Maximisepf

Be a little cautious heading into tomorrow.. Japanese bond yields seem to indicate that they might increase interest rates.. The last time they increased rates by 0.1% global markets panic'd badly.. (Leads to a risk of the Yen carry trade if you wanna read more about it). This time there is speculation they might increase by at-least 0.25%.. I am not an expert in this but rather wait and watch for one day than take speculative positions.. https://www.reuters.com/markets/asia/bank-japan-poised-raise-rates-highest-17-years-2025-01-20/

Don't buy at these prices..let it correct..told you'll LIMIT orders.