After a long time ,got many queries from readers about Concurrent which is currently trading at its yearly low @ just Rs.4/-.Many of them are asking - is it a buy even at current level ?.But it is not a buy for me even at current level and there is no change in my opinion on this company from my earlier stand .Old postings can be accessed HERE and HERE.
Thursday, 18 August 2011
Monday, 15 August 2011
CMP .Rs.114/-
Healthcare is considered as one of the sectors India having huge potential in coming years..Hospital services is a major part of this industry.But the number of listed players in this sector is limited.Kovai Medical Centre and Hospital (KMCH) is one of the good listed companies from this space.This Coimbatore based 800 bed multispeciality hospital having all most modern facilities including Open heart surgeries ,Kidney transplants, Knee replacements, Hip replacements , Complex Neuro surgeries Angiograms, Angioplasties, Stenting ,fallopian tube recanalisation, Chemotherapy, Blood component therapy, Arthroscopic surgeries, Laparoscopic and Thorocoscopic surgeries,Emergency-Trauma Care Center... etc KMCH is located in a 20 acre facility close to coimbatore airport and also having three satellite hospitals - two at Erode and one at Ram nagar.KMCH recently started the facility of E-Bus (Endo Bronchial Ultra Sound) which is very effective for identifying lung cancer in an early stage. It is one of the very few hospitals in this region with this facility. KMCH is now expanding its service to pediatric , and eye segment and this facilities will commence operations in few months. In recent times KMCH is very aggressive in bringing new technologies ,most modern facilities and new departments to its fold. Company is spending an amount of Rs.200 Cr for this expansion programme.Growth for KMCH will come in two ways .One through the addition of more facilities and departments at the existing hospitals and the other is through the starting of new satellite centers in other places.For the quarter ended June 2011 ,KMCH posted a turnover of Rs.51 Cr v/s Rs.31 Cr and a net profit of Rs.2.43 Cr v/s Rs.81 Lacs. As an indication of the confidence of promoters, they are steadily hiking their stake in last few quarters through open market purchases.At CMP of Rs.114/- , it is a good long term bet for a healthy portfolio.
Wednesday, 10 August 2011
Both these companies declared very good results for the June quarter
KAVERI SEED COMPANY LTD.
Turnover Rs.241 Cr v/s Rs.148 Cr
Net Profit Rs.47 Cr v/s Rs.31 Cr
EPS Rs. Rs.34.5 v/s Rs.23
ADVANTA INDIA LTD
Turnover Rs.225 Cr v/s Rs.175 Cr
Net Profit Rs.17 Cr v/s Rs.4 Cr
EPS Rs. Rs.10 v/s Rs.2.50
Since both these companies are in hybrid seeds segment and this industry is seasonal in nature ,it is not prudent to annualise the quarterly results based only on June quarter result.
Both these companies having huge potential in this space ,HOLD both for long term.
Saturday, 6 August 2011
Most probably there will be deep red in the street on Monday as a knee jerk reaction to the developments in US.Business channels and analysts will surely make you panic , but I think it is a time to act with prudence and not on emotions.In fact India may be one of the big beneficiary of the ongoing happenings in western world.We all know , the main problem Indian economy facing now is the non stop rise in inflation mainly on account of commodity prices. Current happenings may turn as a boon for India and eventually we may reach a situation of cutting down the interest rates. Such a situation will surely help our market to start the next leg of rally. Even we take the situation in US , this warning from S&P may help that country to think seriously about their economy and save it from a disaster.So ,better to stay cool ,think and then take a decision instead of taking decisions based on emotions.Try to spot out the beneficiaries of softening western economies,catch them in small lots.Never over trade and don't think the entire problem will end in one or two days.Don't divert funds to stock market to make quick gains if such fund is meant for some other time bounded purpose.Avoid leveraged purchases is the most important point to note . Let us concentrate in quality companies - which will surely out perform in long term.
Wednesday, 3 August 2011
I have recommended Albright and Wilson Chemicals @ Rs.185 (Click HERE to read the old posting) which is currently trading around Rs.420/- , an appreciation of about 120 % in five months. Those who are not interested to take higher risk can book profit by selling 40 % of the original purchase quantity at current market price and hold the rest as cost free for long term
DFM Food is one of my old recommendations @ Rs.48/- ( For Old posting - Click HERE) , which is currently trading @ Rs.161 near to its all time high.Today company declared excellent result with an improvement of 66 % in sales and 135 % in net profit . In the first quarter , company posted a turnover of Rs.34 Cr v/s Rs.20 Cr and a net profit of Rs.3 Cr v/s Rs.1.27 Cr . Full benefit of its recent expansion is expected to reflect from this financial year onwards. HOLD it for long term .
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