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Take solutions

Discussion in 'Fundamental Analysis' started by laveshdixit, Jun 18, 2020.

  1. laveshdixit

    laveshdixit Responder

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    What is happening with Take Solutions? It is either in upper circuit or lower circuit?

    How were the last quarter results?

    Regards
    Lavesh

    Sent from my Nokia 6.1 Plus using DIY Technical Analysis mobile app
     
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  2. shabbir

    shabbir Administrator Staff Member

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    Results wasn't very good. Moreover, 9% of promoters sold stake. Not a good stock to get into right now. I have a keen eye on it. Is waiting for management update on why the companies (ESYSPRO INFOTECH LIMITED and Asia Global Trading (chennai) Pvt. Limited) sold off as promoters.

    I have read news about some Sriram group company buying back as well but then it is not in the BSE site as yet.

    https://www.bseindia.com/stock-shar...TAKE/532890/disclosures-insider-trading-2015/
     
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  3. shabbir

    shabbir Administrator Staff Member

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    Promoters Esyspro Infotech and Asia Global Trading (Chennai) Pvt offloaded their entire 4.12 percent stake each in Take Solutions on the NSE.

    Esyspro Infotech sold 60,96,515 equity shares in the software company at Rs 51.9 per share, whereas Shriram Group Executives Welfare Trust was the buyer.

    Asia Global Trading (Chennai) Pvt sold 60,96,514 shares of Take Solutions at Rs 51.9 per share, whereas SVL was the buyer.
     
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  4. manickarajan

    manickarajan Responder

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  5. shabbir

    shabbir Administrator Staff Member

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    I am continuously evaluating the news flow. Till we have Mr Srinivasan as the director in the company, I have the faith in the company. However, if I get the hint of him changing, may be out. You have to take the call but as of now when promoters sell stake, I am not very comfortable for sure.
     
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  6. shabbir

    shabbir Administrator Staff Member

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    I have sold 1400 units out of 2600 units of Take solutions that I had in my portfolio.

    The reason is, I was hoping some clarifications from Take solutions for why promoters holding company ESYSPRO INFOTECH LIMITED and ASIA GLOBAL TRADING (CHENNAI) PRIVATE LTD sold off. However, other promoter company purchased the stake as well but there were some resignations as well.

    I waited for getting some clarifications but as it didn't happen, I have reduced my position by more than half.
     
  7. shabbir

    shabbir Administrator Staff Member

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    I have also sold off the remaining 1200 units as well. No updates from the management on the issue of why promoters sold off isn't something that is comforting for me.
     
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  8. manickarajan

    manickarajan Responder

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  9. shabbir

    shabbir Administrator Staff Member

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    Yes a loss of almost 90k. I am writing a detail writeup on the same. As of now Zensar looks good but then has runup a lot as well. However, I am not investing more as of now because I think the market has run up too soon too fast.
     
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  10. sethuramcbe

    sethuramcbe Responder

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    Shabbir on IT space there is headwind across for next some quarters right

    how is persistent in that space
     
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  11. shabbir

    shabbir Administrator Staff Member

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    Headwinds and tailwinds always exists but I prefer investing in unique companies and there aren't many in the Indian IT space.

    One simple question that should be the base of the investment which is what does persistent do that its peers can't do. I invested in Take for the same reasons that it was focused on a very different niche that is away from BFSI.

    Similarly, what persistent does is same as what Zensar does to a large extent.
     
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  12. nirajshah

    nirajshah Champion

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    Good decision
    Sent from my Redmi 6A using DIY Technical Analysis mobile app
     
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