I have recommended a BUY on Accelya Kale Solutions Limitd (Formerly Kale Consultants Ltd) @ Rs.126/- on July 7,2012.( For old Posting Click HERE) .Today it closed at Rs.205/- ,an appreciation of 75 % in just two months .Those who are not interested to take higher level of risk may consider booking profit and re-enter if there is any dip close to Rs.150/-
Thursday, 13 September 2012
Saturday, 8 September 2012
ThemisMedicare is a Mumbai based pharma manufacturer jointly promoted by Indian promoters and Hungary based Gedeon Richter Plc.Gedeon Richter is one of the largest and oldest pharma maker in Hungary started its operation in 1901.Themis is a manufacturer of Active Pharmaceutical Ingredients and Formulation from its three production facilities located in Vapi, Hyderabad and Haridwar .Company is mainly concentrating in cholesterol lowering drugs,Anti Malarials ,Anti Infectives and Anti Tuberculotics.Themis set up a good marketing network in India with more than 2000 stockists across the country.Company also exporting its products to more than 50 countries across the globe.This year its share price crashed to Rs.67/- from a high of Rs.330 posted in 2010. Reason for this sharp correction is a pathetic financial performance in last year.In last FY ,company posted dismal performance both at top and bottom line with a net loss of Rs.34 Cr.Main reason for the sharp decline in sales and sharp increase in loss is mainly due to the problems associated with a supply disruption to its major customer and a loose debt based sales policy by the company.But now company realised the seriousness of the situation and took many corrective steps . Production to the mentioned supplier re-started during the end of 2011 and company moved to a realistic credit system .Themis also introduced stringent cost control measures ,upgrading its two manufacturing facilities and introduced better inventory control systems.All this efforts started to pay off from the first quarter of this FY itself where Themis posted a 75 % increase in Sales and its PBDT turned to black from a huge loss of Rs.16 Cr last year same period.I believe company is in the right track and in next few quarters it will turnaround even in NP level.Recently promoters hiked their stake through open market purchases and also took warrants to be converted into shares @ Rs.85/-.At present promoters holding around 70 % stake and another 7.5% by MF's and corporate entities . Those with high risk appetite and enough patience can consider it at CMP of Rs.94/-
Thursday, 6 September 2012
GRANULES INDIA
Recommended on 24 Mrach 2012 @ Rs.79 / - and currently trading @ Rs.196 /-
For old posting ,Click HERE
Mr. Harsha Chigurupati - Executive Director of the Company purchased 12000 shares from open market at an average rate of Rs.191/- per share.
Tuesday, 4 September 2012
This stock recommended more than once here.First @ Rs.55/- (For old posting click HERE) and again @ Rs.115/- .Today it hits its life time high @ Rs.150/-. An appreciation of more than 180 % in 9 months from the initially recommended price.Now many investors are asking whether it is the time to book profit in this stock. For me it is not a stock to book profit at current level.As you are aware Sabero Organics is the largest manufacturer of Mancozeb and Glyphosate in India and the second largest in the world based on production capacities. But earlier under the old management this company could not tap the full potential of the available opportunities around the world.Even the company having many product registrations in various countries its capacity utilisation was as low as 25 % till Coromandel took over it .But now in just one year its capacity utilisation is near to 100% under the new management.Considering the expertise of Murugappa group and their aggressive plans in agri related sectors ,one may even consider a BUY at its life time high price of Rs.150/- (only for investors with patience).I believe company will turn around in next few quarters and goods days are yet to come for this company.
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