In any bull markets ,promoters of fraud companies are inventing new methods to lure retail investors into their stocks.This is to make their exit easy by creating liquidity on the cost of poor retailers . Even the mandatory filing requirements to stock exchanges are used for this purpose ,which is really alarming . In this bull market ,BSE has revoked the suspension of many small companies.Majority of such companies were suspended for many years and revocation of trading is really helping retail investors (who caught in previous bull markets)to exit from such dead companies.In reality , intention of promoters in most of such cases are not helping others but to exit themselves. Let us take case of a company which is re-listed today -VIRGO GLOBAL MEDIA formerly known as ONLINE MEDIA LTD. In the filing of basic details to BSE ,company has provided the name of two websites as its own (1) http://www.onlinesolutions.com/ and (2) http://www.owens-minor.com/ . When we digging into it ,it is clear that both these address have no relation with the company and these are the web addresses of two foreign companies.It is clear that company is purposefully trying to mislead the investors by filing wrong data to BSE. In a circular by BSE on 04/08/2010 company informed that they have no website and it is only under construction.It is sad to see that even stock exchanges with or without knowledge, helping fraud companies in their efforts to cheat retail investors ,by including wrong details in their official website without proper verification .TO SAVE REATILERS FROM THESE TYPE OF FRAUDS , STOCK EXCHANGES SHOULD COLLECT HUGE PENALTY FROM THESE TYPES OF FRAUD COMPANIES.
Tuesday, 10 August 2010
Monday, 9 August 2010
I have recommended Sukhjit Starch and Chemicals HERE on 28th June 2010 @ Rs.169/-.Currently it is trading @ Rs.250/- Company has declared excellent June qtr result as follows :
JUNE QTR 2010 JUNE QTR 2009
TURNOVER 79 Cr 58 Cr
NET PROFIT 8.5 Cr 1.8 Cr
EPS Rs.11.6/- Rs.2.45 /-
One Can HOLD it for long term ,considering the improving prospects of the industry and chances of a reduction in raw material cost going forward
JUNE QTR 2010 JUNE QTR 2009
TURNOVER 79 Cr 58 Cr
NET PROFIT 8.5 Cr 1.8 Cr
EPS Rs.11.6/- Rs.2.45 /-
One Can HOLD it for long term ,considering the improving prospects of the industry and chances of a reduction in raw material cost going forward
Saturday, 7 August 2010
DHP INDIA - Earlier this Kolkata based company was
engaged in Leasing and hire purchase business and later
ventured into the manufacturing of LPG regulators, fittings
and assemblies. Now company stopped
its financial related activities and concentrating in this business.
Its manufacturing unit is located at Howrah in West Bengal with
an installed capacity of 1.5 million regulators per annum , from where
it producing propane, butane and LPG regulators, hose assemblies
and brass fittings .Recently company started its expansion project
to expand capacity by 50% which is funded through internal accruals.
Company’s products having big potential in a country like India with
huge population and less penetration in this segment.For the financial
year ended March 2010 company posted a turnover of Rs.18 Cr
and a net profit of Rs.2.3 Cr .On an equity base of 3 Cr ,company
posted an EPS of Rs.7.7 .Company also declared a dividend of 10% .
Expecting better performance from expanded capacity utilization one
can BUY at CMP of Rs.41/- for medium term
Wednesday, 4 August 2010
Earlier recommendation was @ Rs.82/-
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JYOTI LTD is a Baroda based company started in 1943 .
It is a well known player in small and mid sized hydel
systems and engineered pumps. Company is a specialist
in vertical pumps used in lift irrigation schemes.
Godavari lift irrigation project is one of the prestigious
work of the Company. Starting of new small hydel
projects to boost power production by various state
governments giving better opportunities for company’s
like Jyoti . Companys different type of motors are also
used in industries like windmills , railway.etc. Company
has wiped off all its accumulated losses and currently
having an order book position above 1000 Cr.
For the FY ended company posted a turnover of Rs 291 Cr
and a net profit of Rs .8 Cr v/s Rs.5 Cr net last year.
Company management is now coming out of laziness
and trying their level best to utilize the vast opportunities
available . It is expected to show good performance
for the next few years .Company is targeting a turnover
of Rs.650 Cr by 2013.Currently it is trading at Rs.92/- .
Long term investors can BUY at current level .
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JYOTI LTD is a Baroda based company started in 1943 .
It is a well known player in small and mid sized hydel
systems and engineered pumps. Company is a specialist
in vertical pumps used in lift irrigation schemes.
Godavari lift irrigation project is one of the prestigious
work of the Company. Starting of new small hydel
projects to boost power production by various state
governments giving better opportunities for company’s
like Jyoti . Companys different type of motors are also
used in industries like windmills , railway.etc. Company
has wiped off all its accumulated losses and currently
having an order book position above 1000 Cr.
For the FY ended company posted a turnover of Rs 291 Cr
and a net profit of Rs .8 Cr v/s Rs.5 Cr net last year.
Company management is now coming out of laziness
and trying their level best to utilize the vast opportunities
available . It is expected to show good performance
for the next few years .Company is targeting a turnover
of Rs.650 Cr by 2013.Currently it is trading at Rs.92/- .
Long term investors can BUY at current level .
Tuesday, 3 August 2010
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