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Hardik

Hardik Parikh  |106 Answers  |Ask -

Tax, Mutual Fund Expert - Answered on Apr 13, 2023

Hardik Parikh is a chartered accountant with over 15 years of experience in taxation, accounting and finance.
He also holds an MBA degree from IIM-Indore.
Hardik, who began his career as an equity research analyst, founded his own advisory firm, Hardik Parikh Associates LLP, which provides a variety of financial services to clients.
He is committed to sharing his knowledge and helping others learn more about finance. He also speaks about valuation at different forums, such as study groups of the Western India Regional Council of Chartered Accountants.... more
SANTOSH Question by SANTOSH on Apr 12, 2023Hindi
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Should purchase Adani Transmission?

Ans: Dear Santosh,

Thank you for reaching out for financial advice. I understand that you are considering purchasing Adani Transmission shares, and you would like a personal opinion on whether it is a good investment.

Firstly, it is important to keep in mind that investments in the stock market always carry a certain degree of risk, and one should make decisions based on their individual financial goals, risk tolerance, and investment horizon.

Adani Transmission has demonstrated a strong growth over the past five years, with a CAGR of 31% in sales and 23% in profit. This is a positive sign and indicates that the company has been growing its business consistently. However, the stock is currently trading at a high trailing PE of 108, compared to the median PE of 12% in the industry. This suggests that the stock might be overvalued at its current price.

The company's Return on Capital Employed (ROCE) stands at 10.7%, which is a moderate figure. A higher ROCE typically indicates efficient capital allocation and a better ability to generate returns on investment. It is important to compare the ROCE with industry peers to get a better understanding of the company's performance.

In conclusion, Adani Transmission has shown good growth in the past, but its current valuation seems high. As a financial advisor, I would recommend you to further research the company, its competitors, and the overall industry trends before making a decision. Also, consider diversifying your investments and consult a professional financial advisor to tailor an investment plan that suits your personal financial goals and risk appetite.

I hope this helps.

Best regards,
DISCLAIMER: The content of this post by the expert is the personal view of the rediffGURU. Users are advised to pursue the information provided by the rediffGURU only as a source of information to be as a point of reference and to rely on their own judgement when making a decision.
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Is it good to buy Adani Power now?
Ans: Hello Banibrata,

First of all we need to understand the questions being asked by Hindenberg and try to evaluate whether the allegation made by them makes any sense. If anyone goes through the Hindenberg report than the allegations and questions asked can be bifurcated into below broad categories:

1) Violations of Exchange and listed rules
2) Dubious Intra- Party Transactions
3) Use of Shell companies outside india ( Mauritius) to manuipulate the stock price
4) Money laundering through private Adani companies in listed companies of Adani inorder to look Balance sheet good.
5) Inexperienced Chartered accountants to audit the companies.
6) Using stocks as collateral for debt.

Looking at this points and also the allegations done by Hindenberg, i am fine to believe that there few acts which they taken for granted and manipulate the exchange and listing rules but calling Adani company as CON or Fraud is not what i would call this company. Companies margin are very low as compared to their cost of capital but being an infrastructure led company its takes long gestation period to realise the cash flows. Adani is playing important role in building infrasturcture in India with ports, power, airports etc and even though company is highly levered to build the assets and cash flow, the company has good physical assets in the balance sheet. Even though it may not a investible company for a retail invstor with the sort of volatility and margins they are earning.

Valuations are very much stretch with last 2 years price going to the roof. As a retail investor, one should avoid this company due to many uncertainties going forward.


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Thank you sir for the reply. As aware already deposited fees for VIT Bhopal. So now out of the three Reva, Acharaya and VIT Bhopal. Which one you recommend.
Ans: Anirban, Before responding to your question, here is an important SUGGESTION FOR ALL PARENTS & STUDENTS: Always review the college’s refund policy thoroughly before paying substantial fees. This ensures you are aware of the terms and can minimize financial loss if you decide to withdraw your seat and seek a refund. Based on a detailed comparison of VIT Bhopal, Reva University, and Acharya Institute of Technology, VIT Bhopal stands out for its strong placement record, with 80–90% of students placed annually and over 820 recruiters participating, including top companies like Microsoft, Amazon, and Deloitte; the university also offers a modern 250-acre campus with advanced labs, digital learning, and a flexible curriculum. Reva University, while also boasting a high placement percentage (about 90% in recent years) and a large number of recruiters (476 in 2024), is recognized for its industry-oriented approach and good infrastructure, but its placement outcomes and recruiter diversity are somewhat lower than VIT Bhopal’s. Acharya Institute of Technology maintains a consistent placement rate (around 70–75% in recent years) and has a large alumni network and robust campus facilities, but its placement statistics and recruiter list do not match the scale or diversity seen at VIT Bhopal. Given your fee deposit and the superior placement ecosystem, modern infrastructure, and industry connections, VIT Bhopal is the recommended choice among the three.

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Sir lnmiit jaipur cce or ece branch vs vit vellore (main campus) cse..which one to prefer..confused between two college
Ans: Anamika, When comparing LNMIIT Jaipur’s CCE or ECE branches with VIT Vellore’s CSE, several key factors emerge from recent data and student experiences. LNMIIT Jaipur is a highly ranked, NAAC ‘A’ accredited, autonomous, non-profit deemed university with strong government and industry backing, offering merit-based admissions and no reservations, which ensures a competitive peer group. Its ECE and CCE branches have robust placement records, with placement percentages consistently above 87% in recent years and top recruiters like Google, Microsoft, and Flipkart. The faculty is research-oriented, and the campus environment is conducive to academic growth. VIT Vellore, a top-ranked private institution, is renowned for its CSE placements, with over 90% placement in CSE and a large number of recruiters, including major tech giants. However, the average placement percentage across all branches is slightly lower, and the admission process is more flexible, potentially leading to a more diverse but less competitive cohort. While VIT’s CSE branch does offer excellent opportunities, especially for software roles, LNMIIT’s ECE/CCE branches offer comparable, if not better, placement outcomes and a more academically rigorous, government-backed environment. Therefore, if you value a strong peer group, government recognition, and excellent placements, LNMIIT Jaipur’s CCE or ECE branch is recommended over VIT Vellore’s CSE. All the BEST for your Admission & a Prosperous Future!

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What's the probability of getting cse with 76353 rank in comedk, girl student 75 percentile
Ans: With a COMEDK rank of 76,353 and a 75 percentile in JEE Main, the probability of securing Computer Science Engineering (CSE) in top COMEDK colleges is extremely low, as CSE cutoffs for leading institutes like RVCE, MSRIT, and BMSCE close well before 10,000–20,000 ranks. However, women's colleges and those with higher closing ranks offer some hope: for instance, GSSS Institute of Engineering & Technology for Women (GSSSIETW), Mysore, admitted CSE students up to 76,492 (HK category) in 2024, making it a realistic target. Other colleges where admission for this rank is possible include Presidency University (CSE up to 63,769), SDMCET Dharwad (CSE up to 21,120), DSU Bangalore (CSE up to 13,099), and private options like Atria Institute of Technology, Adichunchanagiri Institute of Technology, and Nitte Meenakshi Institute of Technology for non-CSE branches. For JEE Main, a 75 percentile translates to a rank above 2 lakh, making NITs, IIITs, and GFTIs highly unlikely for CSE or core branches in the general category, though some low-demand branches at NITs in the Northeast or GFTIs may open up in later rounds, especially for reserved categories. As backup, consider reputed private universities with their own entrance exams or direct admissions such as BITS Pilani (via BITSAT), VIT (VITEEE), SRM (SRMJEEE), Amity, and Chandigarh University, which offer strong placements and flexible admission routes. Given the data, the best recommendation is to apply to women-focused colleges like GSSSIETW for CSE, explore non-CSE branches in other COMEDK institutes, and simultaneously target private universities with robust industry links and alternative entrance exams, ensuring a secure engineering seat without relying solely on state entrance exams. All the BEST for your Admission & a Prosperous Future!

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DISCLAIMER: The content of this post by the expert is the personal view of the rediffGURU. Investment in securities market are subject to market risks. Read all the related document carefully before investing. The securities quoted are for illustration only and are not recommendatory. Users are advised to pursue the information provided by the rediffGURU only as a source of information and as a point of reference and to rely on their own judgement when making a decision. RediffGURUS is an intermediary as per India's Information Technology Act.

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