Behind Value Quest – Paresh Thakker
Paresh is a qualified CFA (AIMR, USA), Chartered Accountant (India), Cost Accountant (India), Company Secretary (India) and Bachelor of Commerce from Mumbai University.
Behind Value Quest – Sanjay Bakshi
As a practitioner of value investing in India for more than 23 years, Sanjay has an excellent long-term track record. Sanjay Bakshi received M.Sc. (Economics) from London School of Economics and Political Science and B.Com. (Hons.) from University of Delhi, India. Sanjay Bakshi is also a fellow member of the Institute of Chartered Accountants of India.
Value Quest India Moat Fund Portfolio 2017
Value Quest India Moat Fund initially entered Kitex below Rs.100 and then it keep on averaging it at different levels. After touching a life time high of above 1000, Kitex is struggling for last 2 years. Motilal Oswal is bullish on Kitex Garments has recommended buy rating on the stock with a target price of Rs 551 in its research report dated January 2017.
“We adjust the same in our estimates, and cut FY17E/FY18E EBITDA by 8%/7% and earnings by 11%/12% while keeping revenue unchanged. We introduce FY19 estimates, and expect 13% revenue CAGR and 16% PAT CAGR over FY16-19. Given huge scalability, strong return ratios and free cash generation, we maintain Buy with TP of INR 551, valuing it at 15x FY19E EPS”.~Motilal Oswal
Recently Kitex Board of Directors has approved further investment upto $ 1.5 million in the capital of Kitex USA LLC for the FY 2017-18.
TVS Srichakra is the latest bet of Value Quest India Moat Fund. As per the March 2017 shareholding pattern Value Quest India Moat Fund has bought 114044 shares which amount to nearly 45 crores.
Recently Sudarshan Sukhani of s2analytics.com has recommended TVS Srichakra on CNBC-TV18
“TVS Srichakra has come out of a large base. It is an investment buying opportunity. It is a midcap stock. If one is looking to invest, it’s a good chart.”
The recent performance of Value Quest was not so impressive compared to the new gen fund managers in town. Lets wait and see if Value Quest’s concentrated bets have a final laugh!!