Devesh Kayal

Co-Fund Manager at Boring AMC | Ex Monarch AIF, Carnelian Asset | Intellectually curious. Views are personal.

Borrowed conviction can be dangerous

[Devesh Kayal @_devesh_]

@prabhsingh04 Thanks

[Devesh Kayal @_devesh_]

@prabhsingh04 Hi Prabh, can you fix the concall link shared on exchange as its seems broken or some other error. Thanks

[Devesh Kayal @_devesh_]

HVDC Transformer knowledge transfer from Swedish Engineers to Chinese

[Devesh Kayal @_devesh_]

@chondhe I think many D2C start-up brands in women's fashion have come up so shift could have happened there

[Devesh Kayal @_devesh_]

Won't be surprised if other institutional investors also exit the name

[Aditya Mehta @aditya942000]

BULK DEAL ALERT:🚨

NEOGEN

AXIS MUTUAL FUND
Sold 2,66,000 shares @ Rs.1788

[Devesh Kayal @_devesh_]

Some Ancs like Fiem despite good cash on balance sheet missed the inorganic growth opportunity.

[Devesh Kayal @_devesh_]

Auto Ancs are increasingly looking to collaborate with Chinese for technology. SJS, Pricol, Lumax group... https://t.co/VzLMHjty1i

[Devesh Kayal @_devesh_]

Inorganic acquisitions done prior to a good auto upcycle doesn't strain the balance sheet. Many Auto Ancs have used the inorganic opportunity and intergrated it well to cross-sell stuff later on.

[Devesh Kayal @_devesh_]

Both (Nikhil Kumar & Hemant Kabra) of them have under guided and over delivered in FY26

[Devesh Kayal @_devesh_]

TDPS is up 122% and Ram Ratna 28% since then

[Devesh Kayal @_devesh_]

@Boopathy_SA I hope I can accumulate this even in my lifetime :(

[Devesh Kayal @_devesh_]

@Anand_m_mehta @Shashank1171 Bottoming of Gsec yield and NIMs

[Devesh Kayal @_devesh_]

Cycle reverses for PSU Banks. I think after Q1 nos, one can look at PSU names for tactical bet again.

[Devesh Kayal @_devesh_]

PSU Banks Book Value growth driven more by Treasury gains and Recovery from written off accounts then their core lending business which can be seen in Core PPOP growth over the years

Indian Bank has been consistent and performed relatively better amongst PSU pack

[Devesh Kayal @_devesh_]

@RakshitSomani @TravelBluez VFS UK visa was smooth though

[Devesh Kayal @_devesh_]

@P_Sai_Kiran Interesting post on Challenges in blending

[Devesh Kayal @_devesh_]

@mohit22100s On FY28e it could be trading at 40x which is also not cheap though

[Devesh Kayal @_devesh_]

Voltas saying industry volume declined by 10-12% in FY26

[Devesh Kayal @_devesh_]

Voltas UCP segment grew at a CAGR of ~28% over FY22-25. Will FY26 see a decline for the industry as a whole in the Room AC segment?

[Devesh Kayal @_devesh_]

@mohit22100s Amber is diversifying away from AC gradually

[Devesh Kayal @_devesh_]

@soicfinance Check pre tax OCF/EBITDA over 2,3,4 yrs cumulative

[Devesh Kayal @_devesh_]

@rushabhshah011 @_djsuvan_ Most sector is 27500 Avios per passenger one way so you would need atleast 110k Avios for one way economy

[Devesh Kayal @_devesh_]

@LiveFromALounge @wittysiddharth +1. I got 2 only at 55k each. 3rd one was 110k so I booked economy for 3rd.