Dr. Ganesh Kumar Ammannaya

“SCIENTIFIC Approach” in Everything that You Do Liberates You From Mediocrity For Life! EDUCATION Empowers Like No Other & With Education Must Come HUMILITY! PERFECTION Comes From Repetition! Create Your Own Destiny through VISION, CONVICTION, PASSION & INEXHAUSTIBLE PATIENCE!

Interesting to see. Few points here. Inventory at H1 was at all time high. ~44 Cr which may have hit around 50 Cr at Q3 going by the trend. JAN, FEB were normal months. So, in March if they were able to take advantage of existing inventory then possible to give better than expected Nos. Secondly, even with higher raw material costs if they are able to pass it on to customers being one of the largest suppliers, then it’s possible to maintain margins. I think Q4, Q1 will make things clear.

@DAmmannaya Sir..this quarter result will be impacted due to Increases in raw material price ??

CRUDE CRASH associated with many many stocks/sectors benefiting. (Of course, Sustained Low Prices over prolonged periods a requisite) One particular MicroCap Stock that comes to my mind below for further research for the reasons of structural growth visibility in place. KESAR PETROPRODUCTS - (NOT A RECOMMENDATION / NOT INVESTMENT ADVICE, Merely a Stock Idea for further Study) NEW REVENUE Stream VISIBILITY from WASTE (BY-PRODUCT) INNOVATION: - WASTE ——> to Complex NP Fertiliser, (Contribution already STARTED in Q4 as it has gone online in late JAN) This is an IMPORT SUBSTITUTE - also, the export of Complex NP Fertiliser has been banned in China. Hence, EBIDTA margin expected to HIGH ~35-40% for this complex NP fertiliser. - WASTE ——> to Zinc Phosphate to come up NEXT in FY27 (used in manufacturing of Anti-Corrosive paints) NPM has expanded very significantly from 5% last year to 10% for 9M FY26 and management targets ~21% Margins by FY27 (as in the LATEST Presentation, the Slide image can be seen below), to be made possible by WASTE PRODUCT INNOVATION + COGEN SAVINGS DEBT reduction target - by minimum 25% in FY26 (Co has walked the talk here as already, 15% DEBT reduced, 73 to 62 Cr at H1 FY26) Excellent CASH FLOW - H1 FY26 - Rs 15.86 Cr (For a ~230 Cr Mkt Cap Co) Technically, well poised as well - LT Rounding Bottom. MT - On the verge of BO on monthly charts. (Chart Only for Academic illustration, NO targeted levels) Hence, makes a case for further in-depth study, as CAPEX CYCLE is COMPLETE & Growth phase seems to have commenced here in FY26 with FY27 promising to be robust. (NOT A RECOMMENDATION / NOT INVESTMENT ADVICE, Merely a Stock Idea for further Study)

Wave 5 has taken off well since the quoted tweet.

Wave 4 - 50% Retracement of (15,183 to 26,373) works out to 20,778 April 2025 Low - 21,743 These 2 Key SUPPORTS, if 22,283 broken. Wave 5 = Wave 1 = 11,093 31,871 / 32,836 Picture still remains same as before (no change, just delay) in my opinion.

NIFTY 26,050 to 23,000-23,200. But, this one turned out a DEFENSIVE bet heading HIGHER by 10% in the same period. Few pockets in SMALL CAPs can still act so ahead, where there is a structural story ahead.

KEY HOLE HEART BYPASS - MINI OPCAB (through a Small 10 CM cut in front of Lower Chest) Performed for the FIRST TIME in ASIA!

BSE SMALLCAP INDEX - Yet another “Breakout attempt” loading? Early to call, but some sort of a W bottoming could be in progress with some pre-Budget rally in the offing. Follow up action crucial next week to confirm this and the upper orange bar is ~4-5% away.

A Simple MASTER STROKE that can potentially achieve multiple Wins for the Indian Economy & the Govt. alike - Wins such as - 1. Get Rupee-Dollar equation back in control with FII inflows in pouring. 2. Have a Big increase in Net Direct tax collection for at least coming 2-3 FYs simply by much better Stock market performance (as this FY expecting minimal STCG/LTCG Tax collection from equities for the Govt.!). 3. Happy Electorate. All these can be achieved by getting LTCG Tax back to 10% (if not 0% like how it was During Modi-1 2014-2017), STCG Tax back to 15%. Also, Why the above solution can work out Wonders is you already have a precedent example - as to how Consumer Demand picked up massively reaching new Frenzy this festive season post GST cut. FIIs have a beautiful entry point here with $ 90.50-91 ₹, and will simply lap up Indian equity. Not to forget GDP growth 8.2% + LOW Inflation make INDIA the perfect Investment destination. Just a small push needed from the Govt. for a very Simple Solution. Kindly give serious consideration to this. @FinMinIndia @PMOIndia @nsitharaman @nsitharamanoffc #Budget2026

Greatly Honoured to Speak at the INTERNATIONAL CORONARY CONGRESS 2025, in NEW YORK, that was attended by over 800 Cardiac Surgeons Worldwide.

FERMENTA BIOTECH - Interesting Stock Idea that merits further research. (NOT A RECOMMENDATION / NOT INVESTMENT ADVICE, Merely a Stock Idea for further in-depth Study) Currently trading at merely 8 PE on TTM EPS Rs 38.06 (Historical PE - last 10 yrs Mean PE 19.40, Lifetime avg PE 15). ROCE 23%, ROE 24.9% (EBIDTA margin H1 FY26 25.9%) with excellent H1/Q2 FY26 Nos. LATEST Development - (first 2 images) of MAJOR CAPEX. VITAMIN D3 Moat - World leader (among Top 3 & the Only Indian Co) in Vitamin D3 (niche player) Recent PATENT for its plant based (Vegan) Vitamin D3 expected to significantly expand margins as these command much higher premiums (image 3 gives a very rough idea about premium margins), expected to be a Key Growth Driver in core business, also for which CAPEX is primarily planned for this FY26 & FY27. Increasing awareness worldwide about role of Vitamin D3 in virtually every organ system of human body, ill effects of its deficiency such as increased cardiovascular risks, infertility & recent European studies showing improved survival in Cancer patients on Vitamin D3 supplements, apart from proven benefits such as anti-ageing, anti cancer & immunity boosting effects, one of the mainstays in the treatment of osteoporosis (weak bones particularly elderly) etc., augurs well for wide scale use across all geographies. Scale Up in GERMAN Operations - H1 FY26 revenue 34.3 Cr (Up 194% YoY) & EBIDTA 7.7 Cr (Up 103% YoY). - Overall EU share increasing to 29% (from 27%), - US share dropping to 13% (from 15%). - Rest Domestic - 40%, - Others-18% Expanding to Other Vitamins - Vitamins K1 (one of the few global suppliers), Vitamin- fortified Rice (Govt schemes, like in AP) with plans of Vitamin A, E over next 5 yrs. MoU with NIFTEM to establish Centre of excellence for Food Fortification enhancing public nutrition. Additionally, Environmental solutions including Waste WATER management. fermentabiotech.com/environmental-… Co seems to be focusing keenly on this segment as evidenced by further investment of Rs 7.9 Cr more recently in the subsidiary. Result of this increased focus on Environmental Solutions Subsidiary Visible as - H1 Revenue up 127% in H1 FY26 (to 15.1 Cr, from 6.6 Cr YoY). Co has been unlocking Value from Real Estate well. Has excellent LAND BANK primarily in Thane 5.5 acres (apart from Thane One) & 45 acres in Takwe, Pune, alongside steady leasehold income like Thane One. Debt levels cut down more than half from 239 to 112 Cr, with Turnaround Positive Cash Flow. Promoter stake has increased steadily from 59 to 64% over last 2 yrs with No of Retail shareholders coming down from 17 K to 13 K during times of extreme stress for the Co until the recent Turnaround. Technically, C&H with probably a “W” shaped Bottom (256, that’s a DOUBLE BOTTOM, also the Key Support) in the handle seems supportive & Key multi-year resistance being (also ATH) ~450, which it tested 2-3 times in the last 7 yrs. Thus, makes a case for further in-depth research. (NOT A RECOMMENDATION / NOT INVESTMENT ADVICE, Merely a Stock Idea for further Study)

Tweet from February earlier this year. May be both 1.) & 2.) [Though 2.) was done in April, 1.) is still ongoing] And, for the second part of 1.) still quite hopeful for 2026-2027. Also, though BSE SMALLCAP Index has faced a rejection at the breakout trend line, SMALLCAP/NIFTY is holding well indicating eventual break out.

BSE SmallCap Index on the verge of a Break Out.

About 40% Spurt with ATH! NONE of my tweets constitute Advice. NO BUY/SELL Recommendations. One must be wise to NOT CHASE ideas at Peaks no matter how good the story is. This is Universal & applies to almost every idea/stock. My tweet is very general, merely cautionary in nature & has no adverse bearing on any stock idea 🙏 (The time to Get Interested in stocks is when they are INVISIBLE to most)

Successful Investment also needs plentiful luck. Latest example-

@anandTweetsTalk Very Kind words 🙏

@DAmmannaya Congratulations Doctor..you are serving ppl and the country 👏🏼 ❤️

Proud to be invited to the “INTERNATIONAL CORONARY CONGRESS 2025”, to present my work regarding Rapid Recovery after Heart Bypass (CABG) in NEW YORK, this December.

@thakkarrajendra 🙏

@DAmmannaya Congratulations and all the best for your presentation. You are holding India high!!!

My apologies for not being able to see/reply to direct messages (DMs) earlier which had piled up enormously over last many months. Trying my best to see/reply to as many as possible. Sorry again, will try my best 🙏 Any message needing quick/urgent attention, may send again. Thank you.

@rajuidesai 🙏 kind words

Kudos to you Dr. You deserve this!! 🙏🙏🙏👍

@amaniable Udupi, where my Heart centre is coming up

@DAmmannaya Sir your bio says Karnataka/Gujarat .. where in Karnataka can we meet you for checkups ?

Feel truly Blessed to be so deeply loved & revered by My Dearest Patients 🙏 It’s incredibly humbling & drives my passion to keep serving each & everyone 24/7. As a matter of fact, I’m available for each every patient of mine over my personal mobile 24/7. Even after giving them such liberty with with direct 1 to 1 access 24/7, yet, they are so ultra-sweet as to ensure never to bother me unnecessarily or at max just drop a WhatsApp message & call only & only when there’s some dire emergency. Grateful for such lifetime relationships built over unbreakable trust 🙏 (While I have physically touched/healed their Hearts, they all have touched & won my heart as well!! Proud to be a lifetime part of 1500-2000 such families ♥️🙏)