Disclaimer :- This is not stock recommendation. Do your own research before buying or selling any stock.
During my college days one of my roommate bought microwave oven and with this he got very simple small corrugated box with brand name printed over it. When we unboxed, inside of it was a very simple but quit heavy glass bowl. It was simple, unattractive but quality product. This was the first impression of the company and its product.
My roommates were busy in checking the oven and between this I was resting on bed with laptop on my lap checking financial status of the company. And whatever I saw, I started salivating.
Company name was "Borosil Renewables Ltd". Company founded in 1962 was totally debt free and company reserve was more than its liabilities, from last ten years constantly growing its fixed asset and from last four years company was profitable. Company was working in two different industries, first solar glass manufacturing and second Lab equipment manufacturing like test tube and beaker etc. In crux company have strong fundamentals.
With some extra research or search through various blogs, old media reports, you tube and independently search on web I got to know that company solar glass business was little bit struggling and lab equipment business was doing well. Also I got to know that company's management planning to demerge or want to cerate two separate entity for each type of business(for solar and lap equipment).
I was very surprised when I looked its share price which was constantly falling I didn't know what was the exact reason but may be it was company solar glass struggling business or may be company demerger announcement. I personally thought fall of the share price was totally driven by public sentiments because falling price didn't justify its fundaments, company have strong fundamentals. Company was available near its book value and as per my calculation intrinsic value was more than its current price at those times. In spite of that I avoided buying because of public sentiment and its falling prices. I decided it must be settled down first then I start buying and my waiting period was more than a month or months.
Because of corona pandemic in the end of March,2020 our Prime Minister Narendra Modi announced complete lockdown all over India. Suddenly life stuck and caged within walls. All the business activities were on halt. Impact of this lockdown could be easily seen in every sector.
Even stock market was not untouched from this lockdown. Market index Sensex and Nifty faced sharp decline. So many times market Index itself hit the lower circuit. Hitting lower circuit become very common in every stock. How market survived, truly I don't know. With God grace my portfolio didn't suffer as much as compare to index and in the end I was sitting with some cash ready to buy.
I started searching for stocks and then I hit the same company. It was available at extremely low price, huge gap between its current price and intrinsic price. without wasting a second I bought its shares.
Within a year(even within six months) that stock gave me more than 200% return. Now I totally exited. Do your own research before considering or buying this stock.