I have recommended a BUY on Opto Circuit @ Rs.260/- ( Old Report HERE) which is currently trading @ Rs.295/-. Yesterday company reported robust performance in fourth quarter.Its turnover in fourth qtr is Rs.545 Cr v/s Rs.335 Cr and net profit jumped to Rs.111 Cr v/s Rs.66 Cr. In the full year ,company posted a sales of Rs.1077 Cr and a net profit of Rs.260 Cr . Management again proved its investor friendly approach by declaring a dividend of 45 % . A Superb performance again .HOLD it
Tuesday, 17 May 2011
Saturday, 14 May 2011
Puneet Resins is Rishiroop group company manufacturing various types of Rubber chemicals and PVC Compounds and different forms of rubber.Company manufacturing the products under three brand names 'Vulcanol' ,'Vinoprene' and 'Vinoplast'.The first one Vulcanol is a Vulcanised Vegetable Oil used in industries like Rubberised fabrics, Rubber threads ,Gaskets...etc.The next two are NBR/ PVC blends used in the manufacturing of various types of Hoses,auto parts..etc.Company's performance is improving in recent times and it is expected to post its best ever result in this FY. For the 9 months ended December ,company posted a turnover of Rs.37 Cr ,net profit of Rs.3.65 Cr and an EPS of Rs.7 . Share price is currently trading around Rs.34/- with a P/E multiple of just 4 on the expected full year EPS. If the management shows better corporate governance ,there is fair chance for a re rating from current level.
Wednesday, 11 May 2011
I have recommended a BUY on GEI Industrial Systems @ Rs.120/- on 28th June 2010 ( Old Report HERE).In an important development ,today company signed an agreement for technology tie- up with Switzerland based Innospin .This will help the company to produce air cooled condensers for power plants upto 5000 MW capacity in 2013 onwards. GEI is the pioneer in this technology in India and the new agreement is a landmark development for company's next phase of Growth. Currently it is trading @ Rs.204/- . A good one for long term Investors - HOLD it.
Tuesday, 10 May 2011
For the full year ended March 2011,Company posted a turnover of Rs.52 Cr v/s Rs.45 Cr and a net profit of Rs.92 Lac v/s Rs.62 lacs. At present most of the company's products are low margin items but there is enough scope for expansion into related products with higher margin.Now company is planning to start a manufacturing facility for Aluminium sheets and coils.This backward integration will help the company to save margins to an extent.For the last few months ,promoters are actively purchasing shares from open market .Risk takers may BUY it at CMP around Rs.22/-
Friday, 6 May 2011
I have recommended GANDHIMATHI APPLIANCES for high risk takers @ Rs.73 on 28th August 2010.( Read it HERE) .In my old post ,I clearly mentioned that the main concern about this company is the attitude of its promoters and not its business prospects. Gandhimathi has posted two quarterly results thereafter.Now I feels that the management is realizing the importance of a fair corporate governance,transparent accounting ,concentration in business- to create wealth.In recent numbers ,company has shown excellent growth .( I still feels they hide something in their old results.) .It is known that company is also launching more products and expanding its reach. The brand value of their brand 'Butterfly ' is immense ( at least in South India) and the opportunities are unlimited for their products in a country like India with huge population. Company is going to declare its March quarter result on 12th May , which is expected to be a continuation of the strong growth shown in last two quarters.Even after more than 150% rise over the previously recommended price , still there is scope for multibagger kind appreciation from current level of Rs. 194/-
Wednesday, 4 May 2011
For the quarter ended March 2011, Net profit of Nitco rose 346.00% to Rs 11.15 crore in as against Rs 2.50 crore during the previous quarter ended March 2010. Sales rose 84.56% to Rs 191.94 crore in the quarter ended March 2011 as against Rs 104.00 crore during the same period ended March 2010.For the full year ended March , Sales rose 58.94% to Rs 640.50 crore against Rs 402.97 crore and net profit jumped to to Rs 26.29 crore from a loss of Rs.8.71 crore. Full year EPS is Rs.8.20 . Nitco was earlier recommenced @ Rs.62 and currently trading @ Rs.64/- .HOLD It
Sunday, 1 May 2011
I have recommended a BUY on DE- NORA(India) Ltd on 25th December 2010 @ Rs.79/- ( Old posting HERE ) .Currently it is quoting @ Rs.105/- .In march qtr ,company posted a turnover of Rs.6 Cr v/s Rs.3 Cr and a net profit of Rs.1.25 Cr v/s a loss .Order book position is also showing improvement over last year.Company also declared a dividend of 50% on FV. 10 shares .HOLD it for further gains.
Subscribe to:
Posts (Atom)
