Safir Anand Shares Quick Win As He Buys Yasho Shares Below 1,200 Level: 'Investing Based On Behavioural Science'

Popular value investor Safir Anand believes specialty chemicals exporter Yasho Industries could be a strong pick despite poor figures for the quarter that ended December 2022.

What Happened? Safir Anand, a well-known investor and a popular personality on Twitter took to the social media platform on Wednesday to talk about how he’s been tracking Yasho Industries to add to his portfolio.

The investor called on investors to understand how capital expenditure could affect a company moving forward rather than base a decision on earnings alone.

“The market mood in the morning towards it [Yasho Industries] at sub-1200 was a short-term vote vs a weighing of the journey the company is embracing. This I call opportune-based investing based on behavioural science,” said Anand.

Yasho Industries began trading on Wednesday at ₹1,290 before falling to ₹1,210 within the first hour. The chemicals exporter posted a total income of ₹152.63 crores during the period ended December 31, 2022 as compared to ₹195.15 crores during the period ended September 30, 2022.

The company also posted a net profit of ₹10.46 crores in Q3 2022 against a net profit of ₹22.34 crores in the previous quarter, recording a 27.74% decline. Sales declined 9.11% year-on-year to ₹148.88 crore in the quarter, causing stock prices to drop to ₹1,401.20 when trading closed on Tuesday.

Price Action: Yasho Industries recovered to ₹1,328.50, marking a 5.19% drop, after falling to ₹1,210 shortly after markets opened on Wednesday.

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Posted In: Capex analysisQ3 earnings resultsSafir AnandYasho Industries