Friends, I'm happy that my last three buy calls have all more than doubled in the last couple of months. While the index stocks (the big caps) have rallied a lot after the elections, there is a lot of value in the Mid-Small caps. One such stock is FCS Software which is a dividend paying company, giving consistent results over a period of time. The promoters hold a good 67.92 % in the company which should give confidence to the other shareholders. The nine months EPS of the company is already Rs.16 and the fourth quarter results will be out by the end of June. The stock is grossly undervalued at current price of 46 and is trading at a PE of less than 3. Investors can buy this stock at current price with a targets of 75 and 108.
Cheers!
Wednesday, June 3, 2009
Wednesday, April 8, 2009
Hot Pick : ALOK INDUSTRIES BSE CODE : 521070 NSE CODE : ALOKTEXT
ALOK INDUSTRIES is a profit making, dividend paying company and the share is currently trading near its lows of approx. 13.60. The 52 week high was 73 and low was 11.55. The stock is going at a mouth watering PE of less than 2 and the Book Value is around 60 Rs. This stock also trades in F&O which means it can see unlimited gains in a single day. This is a stock having great fundamental value and is looking all set for a technical breakout. Targets can be 25, 36 and 55 for long term Investors.
Friday, February 27, 2009
Hot Pick: Balaji Telefilms
NSE CODE : Balajitele BSE CODE : 532382
Balaji Telefilms is a pioneering television content producing company with a presence across Indian general entertainment channels. The 52 week high for the stock was 223 and 52 week low was 31.15. The stock is currently trading near its lows at only 32 at a PE ratio of less than 4. Historically, media companies such as this have traded between PE bands of 15 to 55. The stock had nose dived after their contract with Star Plus came to an end. But now the company has started two new shows, Kitni Mohabbat Hai and Bandini. The company also plans to launch a horror show next month. The stock presents great value at current price and the future looks to be bright.
Cheers!
Balaji Telefilms is a pioneering television content producing company with a presence across Indian general entertainment channels. The 52 week high for the stock was 223 and 52 week low was 31.15. The stock is currently trading near its lows at only 32 at a PE ratio of less than 4. Historically, media companies such as this have traded between PE bands of 15 to 55. The stock had nose dived after their contract with Star Plus came to an end. But now the company has started two new shows, Kitni Mohabbat Hai and Bandini. The company also plans to launch a horror show next month. The stock presents great value at current price and the future looks to be bright.
Cheers!
Friday, February 20, 2009
Hot Pick: Crew B.O.S. Products Limited
Nse Code: CREWBOS Bse Code: 532873
It's been a while since I updated this site. The markets all over the world are re-testing the lows of Oct, 2008. I think this presents an opportunity for investors to cherry pick and build a long term portfolio. Crew B.O.S Products is a profit making, sound company with a 52 week high of 94.40 and low of 16.65, currently available at a mouth-watering price of just around 18. The nine months EPS of the company already stands at 7.99, which means that at current price the share is available at a PE ratio of less than 2. The Promoters have been increasing their stock holding in the company over the last few months and their latest percentage holding in the company stands at 54.13%. The company is in the business of Fashion & Leather accessories and the future is bright for this company.
Cheers!
It's been a while since I updated this site. The markets all over the world are re-testing the lows of Oct, 2008. I think this presents an opportunity for investors to cherry pick and build a long term portfolio. Crew B.O.S Products is a profit making, sound company with a 52 week high of 94.40 and low of 16.65, currently available at a mouth-watering price of just around 18. The nine months EPS of the company already stands at 7.99, which means that at current price the share is available at a PE ratio of less than 2. The Promoters have been increasing their stock holding in the company over the last few months and their latest percentage holding in the company stands at 54.13%. The company is in the business of Fashion & Leather accessories and the future is bright for this company.
Cheers!
Thursday, October 2, 2008
Wednesday, October 1, 2008
GREMACH INFRA (BSE CODE : 532836) STRIKES BLACK GOLD!
Gremach Infrastructure Equipments & Projects Ltd has informed BSE regarding a Press Release titled "Gremach finds Coal in Mozambique". Press Release :
"Gremach which was earlier in news for acquiring 75% stack in coal, concessions has struck black gold i.e. Coking Coal. In fact coal has been found almost on the surface and they are getting coal in several bores and in most of them coal has been struck in the range of 1.2 to 3 meters depth making a full open cast mines. The mines are in prime region of Moatize. This region falls in Karoo basin which is recognized as Prime Hard Coking coal bearing area in Africa. There is a global shortage and crisis of hard coking coal and India also has a huge deficit of coking coal and this will add huge value to the profitability of the Company. The Company has renamed out of above two licence as GRE Mine no 1 and as GRE Mine no. 2. The Company has started Geological a Geophysical studies in December 2007. Encouraged by preliminary geological reports of existence of coal in two of its concessions 1100L & 1165L, the Company has started core drilling with its own fleet of drilling machines. Expected reserves in the above mines are more than 200 million. With this acquisition, the Company has entered into the list of selected club of few Indian Companies like JSW, Tatas, which has mines outside India. Mr. Rishi Raj Agarwal, MD of the Company said "These licences are very close to existing Companhia Vale do Rio Doce (CVRD) mines where hard prime coking coal has already been found. These strategic acquisitions will make Gremach one of the most important players in prime hard coking coal mine in the world". "To take advantage of government incentives, many Indian Companies are working bee-tine in coal mining business in Mozambique. JSW group, Ispat Industries and Tata Steel have recently made acquisition of coal mines in Mozambique. Tata Steel has acquired 35 percent stake in Australian firm Riversdale Mining Ltd.'s Coal Project in Mozambique for Australian $ 100 million (about $85 million). Companhia Vale do Rio Doce (CVRD), the world's largest iron ore producer is investing a $2 billion in Mozqmbique that may develop the southern hemisphere’s biggest mine for the black gold. "The Company's group Company Austral Coke & Projects Ltd. is into manufacturing of Low Ash Met Coke, Refractories and has also acquired 95% stack through its subsidiary Astra Mining Limitada, Mozambique acquired six prospecting licenses admeasuring 100,000 hectares in Mozambique. This acquisition would provide raw material security to Austral Coke once mining activities are under way and access to global market. The group also has a Company in Guinea in which they have huge number of licences of Iron blocks, Bauxite, Lead and Uranium admeasuring approx 8000 square Km. Gremach's foray into coal mining in Mozambique has now being proven to be an excellent strategic move for the long term sustainability of the company which diversified from Equipment rental to Global Mining. Also Gremach has recently received formal approval for there SEZ in Maharashtra in Kolhapur this is the first sector specific - Metal SEZ. It is noteworthy to mention that Government of Mozambique is very aggressive in sorting out logistics for smooth shipment of coal via Beira Port. Existence of three seams of coal starting from nearly the ground level will definitely change the fortune of company and its stakeholders."
source: BSE
"Gremach which was earlier in news for acquiring 75% stack in coal, concessions has struck black gold i.e. Coking Coal. In fact coal has been found almost on the surface and they are getting coal in several bores and in most of them coal has been struck in the range of 1.2 to 3 meters depth making a full open cast mines. The mines are in prime region of Moatize. This region falls in Karoo basin which is recognized as Prime Hard Coking coal bearing area in Africa. There is a global shortage and crisis of hard coking coal and India also has a huge deficit of coking coal and this will add huge value to the profitability of the Company. The Company has renamed out of above two licence as GRE Mine no 1 and as GRE Mine no. 2. The Company has started Geological a Geophysical studies in December 2007. Encouraged by preliminary geological reports of existence of coal in two of its concessions 1100L & 1165L, the Company has started core drilling with its own fleet of drilling machines. Expected reserves in the above mines are more than 200 million. With this acquisition, the Company has entered into the list of selected club of few Indian Companies like JSW, Tatas, which has mines outside India. Mr. Rishi Raj Agarwal, MD of the Company said "These licences are very close to existing Companhia Vale do Rio Doce (CVRD) mines where hard prime coking coal has already been found. These strategic acquisitions will make Gremach one of the most important players in prime hard coking coal mine in the world". "To take advantage of government incentives, many Indian Companies are working bee-tine in coal mining business in Mozambique. JSW group, Ispat Industries and Tata Steel have recently made acquisition of coal mines in Mozambique. Tata Steel has acquired 35 percent stake in Australian firm Riversdale Mining Ltd.'s Coal Project in Mozambique for Australian $ 100 million (about $85 million). Companhia Vale do Rio Doce (CVRD), the world's largest iron ore producer is investing a $2 billion in Mozqmbique that may develop the southern hemisphere’s biggest mine for the black gold. "The Company's group Company Austral Coke & Projects Ltd. is into manufacturing of Low Ash Met Coke, Refractories and has also acquired 95% stack through its subsidiary Astra Mining Limitada, Mozambique acquired six prospecting licenses admeasuring 100,000 hectares in Mozambique. This acquisition would provide raw material security to Austral Coke once mining activities are under way and access to global market. The group also has a Company in Guinea in which they have huge number of licences of Iron blocks, Bauxite, Lead and Uranium admeasuring approx 8000 square Km. Gremach's foray into coal mining in Mozambique has now being proven to be an excellent strategic move for the long term sustainability of the company which diversified from Equipment rental to Global Mining. Also Gremach has recently received formal approval for there SEZ in Maharashtra in Kolhapur this is the first sector specific - Metal SEZ. It is noteworthy to mention that Government of Mozambique is very aggressive in sorting out logistics for smooth shipment of coal via Beira Port. Existence of three seams of coal starting from nearly the ground level will definitely change the fortune of company and its stakeholders."
source: BSE
Monday, September 15, 2008
Panic bottom signals a trend change?
Lehmann Bros. filed for bankruptcy today and the global markets have tumbled. The Indian markets are no exception. The price of crude is now below $ 100, yet our markets have not rallied. The reason for that is the unusually fast depreciation of the Indian Rupee against the US Dollar. The USD has risen from Rs. 40 to Rs. 46 in just a few months. The rise has been very sharp since the day Derivatives trading in Forex was launched in India. So such a sharp move in the USD-Indian Rupee exchange rate was sort of expected on the back of heavy speculation. The rise of the dollar against the rupee has almost nullified the fall in Crude Oil price.
But such bankruptcies in the US financials can actually be good news for the markets, in the sense that all the bad news is finally getting out in the open. Also consider the fact that the bell weather stock of India, Reliance Industries has finally taken a pounding. During the entire bear market phase of 2008, RIL was the last man standing coz it hadn't fallen much as compared to the mid-caps. It was sort of holding the fort above Rs. 2000 levels. But today it has broken down to a low of Rs.1832. To my mind, this is a sure sign that we are finally close to a trend change and the end of the extended bear phase. RIL will soon form its bottom and then usher in a rally for the Diwali-Christmas season. Most of the midcap stocks may have bottomed out already and it makes sense to go out and buy such beaten down value stocks in bulk. I think we are on track for a rally around Diwali which could last upto Christmas. So keep your shopping list ready.
Cheers!
But such bankruptcies in the US financials can actually be good news for the markets, in the sense that all the bad news is finally getting out in the open. Also consider the fact that the bell weather stock of India, Reliance Industries has finally taken a pounding. During the entire bear market phase of 2008, RIL was the last man standing coz it hadn't fallen much as compared to the mid-caps. It was sort of holding the fort above Rs. 2000 levels. But today it has broken down to a low of Rs.1832. To my mind, this is a sure sign that we are finally close to a trend change and the end of the extended bear phase. RIL will soon form its bottom and then usher in a rally for the Diwali-Christmas season. Most of the midcap stocks may have bottomed out already and it makes sense to go out and buy such beaten down value stocks in bulk. I think we are on track for a rally around Diwali which could last upto Christmas. So keep your shopping list ready.
Cheers!
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