Sell Idea for a target of Rs.100.Stop Loss - 117
Thursday, March 14, 2013
Friday, March 1, 2013
Friday, February 8, 2013
Sell Century Textiles because it can go to a possible level of Rs. 350.It has just closed below a strong support of Rs. 380 and therefore chances are great that it falls further.Price today-Rs. 378.25
Friday, January 18, 2013
Allahabad Bank -Its time to book Profits
At the current level, I would recommend to half your holdings in Allahabad and book profits. Let's see the results of Allahabad bank on 31st and then take a decision about buying further or further reducing the holdings. But now is the the time to book profit above Rs. 185.
Sunday, December 16, 2012
Ruchira Papers Ltd.
|Incorporation & Promotion|
Ruchira Papers Limited was incorporated on December 8, 1980 as a Public Limited Company under the Companies Act,1956. The Company came into production in 1981.
It has a diversified portfolio of paper products. Click here to visit the portfolio.
The company is a good bet a current price of Rs. 13.10. It is trading at an attractive PE of 2.5 and 0.41 times its BV.
The credit rating has already been revised to B+ from D, which shows the improvement in Debt paying capacity, though there is still an element of risk, but it is slowly reducing its debt burden.
The recent quarter has shown an increase of 56% in its earnings.
Combining all this, the investors can look forward for an handsome profit if the company continues with the current earning trends.
Investors with risk appetite can look for buying it a small quantity now and adding it up, when market goes down.
Value Stock Picker
Disclaimer: I don't have any position in this scrip.
Friday, December 14, 2012
Care reaffirms rating of Maithan Alloys
Credit rating agency, CARE has reaffirmed A+ rating to Maithan Alloys' Long-term Bank Facilities worth Rs 50 crore which was reduced from Rs.60 crore. The rating agency has also reaffirmed A1 rating to the company's Short-term Bank Facilities worth Rs 196 crore.
The company has received the said rating on the back of its satisfactory track record, experienced promoters, established position in the domestic ferro alloys industry, and satisfactory financial performance with comfortable gearing ratio.
To go to the original recommendation click here.
Saturday, December 8, 2012
Buy Allahabad Bank for a target of Rs. 200
The Oldest Joint Stock Bank of the Country, Allahabad Bank was founded on April 24, 1865 by a group of Europeans at Allahabad. At that juncture Organized Industry, Trade and Banking started taking shape in India. Thus, the History of the Bank spread over three Centuries - Nineteenth, Twentieth and Twenty-First.
Allahabad Bank is currently trading at a price of 160. At this level, this counter is trading at a PE of 4.6 and less than its BV of 210. It has got the 52 week high of 211. Given the current strength of the market and a buzz in the market that Nifty can touch 6100 level in the current month, it is only a matter of days, when you will be seeing this counter touching Rs. 200.
Allahabad Bank has inked a pact with Piaggio Vehicles to increase its commercial vehicle finance portfolio. The bank has signed a memorandum of understanding with Piaggio for the same on December 3, 2012.This will start showing its impact in coming quarter.
Also, mostly banks gives good numbers in third quarter because of good business.
The market momentum is positive, which is further going to help it. It is only a matter of few weeks, when this bank start trading around Rs. 200.
Investors can take a position for 25% gains from current level.
Value Stock Picker
Disclaimer: I have vested interest in the stock.