dkishore
09-06-2008, 06:53 AM
* Torrent Cables (Rs.197) in order to capitalize on the growing demand, the company has embarked on an expansion plan in HT cables with product capability ranging up to 132 KV cables, which is expected to begin from July 2009 onwards. The company has paid off all its borrowings in 2008 and has invested around Rs.22.5 cr. in liquid funds. The 11th Five Year Plan aims at 'Power for all by 2012' with the addition of 61,000 MW. There are significant investments planned in the infrastructure segment, including non-conventional energy.
The company has continuously focused on improving operational efficiency through forward planning of raw material purchase, efficient management of working capital and reduction in manufacturing costs.
The stock has a strong book value of Rs.124, EPS of Rs.40 and its market cap is just Rs.147 cr. The stock, which had touched a high of Rs.440, is now available at Rs.197 and looks attractive for investment.
* Net profit of Karnataka Bank (Rs.186.75) rose 127% to Rs.60.78 cr. in Q4FY08 as against Rs.26.76 cr. during Q4FY07. Total operating income rose 19.11% to Rs.420.70 cr. in Q4FY08 as against Rs.353.20 cr. during Q4FY07.
For the full FY08, net profit rose 36.55% to Rs.241.74 cr. in FY08 as against Rs.177.03 cr. during FY07. Total operating income rose 25.04% to Rs.1570.81 cr. in FY08 as against Rs.1256.25 cr. during FY07.
Gross NPAs declined from 13% to 3.42% in the last five years, which has improved the assets quality of the bank.
The bank is meeting on 12th June 2008 to consider the proposal for issue of equity shares on rights basis and/or other means. At Rs.187 level, the stock is good for long-term investment.
* Jetking (Rs.303.95) is a stock which investors can keep a watch on to accumulate for getting good dividend yields and also long-term appreciation. It is a safe investment.
* Western India Shipyard (Rs.13.40) has reacted from Rs.22 to Rs.13 now after relisting, where it looks attractive for investment.
* If market reports are to be believed, few FIIs are showing keen interest in purchasing shares of Rohit Ferro Tech (Rs.159.70) from the market. Expected EPS for March 2008 is around Rs.18/20.
* Khoday India’s (Rs.111.70) results are below expectations. The stock is of speculative nature and the management is not reliable. Investors can think of exiting on pull-backs as many good stocks are available at the same discount compared to peak prices. Few of them are JMC Projects, Pratibha Industries, Saregama, Kirloskar Pneumatic, Ashiana Housing etc.
* Revathi Equipment (Rs.910.10) is being restructured. Long-term investors can accumulate this stock on dips for good long-term growth.
* Valuations are looking attractive in TRF (Rs.805), Elecon (Rs.111) and TIL (Rs.367). Investors can add on dips as their outlook is encouraging.
Note: Auto sector production and sales numbers for April & May 2008 are encouraging. But investors need to be cautious as there will be pressure on margins in Q1FY09 results.
The company has continuously focused on improving operational efficiency through forward planning of raw material purchase, efficient management of working capital and reduction in manufacturing costs.
The stock has a strong book value of Rs.124, EPS of Rs.40 and its market cap is just Rs.147 cr. The stock, which had touched a high of Rs.440, is now available at Rs.197 and looks attractive for investment.
* Net profit of Karnataka Bank (Rs.186.75) rose 127% to Rs.60.78 cr. in Q4FY08 as against Rs.26.76 cr. during Q4FY07. Total operating income rose 19.11% to Rs.420.70 cr. in Q4FY08 as against Rs.353.20 cr. during Q4FY07.
For the full FY08, net profit rose 36.55% to Rs.241.74 cr. in FY08 as against Rs.177.03 cr. during FY07. Total operating income rose 25.04% to Rs.1570.81 cr. in FY08 as against Rs.1256.25 cr. during FY07.
Gross NPAs declined from 13% to 3.42% in the last five years, which has improved the assets quality of the bank.
The bank is meeting on 12th June 2008 to consider the proposal for issue of equity shares on rights basis and/or other means. At Rs.187 level, the stock is good for long-term investment.
* Jetking (Rs.303.95) is a stock which investors can keep a watch on to accumulate for getting good dividend yields and also long-term appreciation. It is a safe investment.
* Western India Shipyard (Rs.13.40) has reacted from Rs.22 to Rs.13 now after relisting, where it looks attractive for investment.
* If market reports are to be believed, few FIIs are showing keen interest in purchasing shares of Rohit Ferro Tech (Rs.159.70) from the market. Expected EPS for March 2008 is around Rs.18/20.
* Khoday India’s (Rs.111.70) results are below expectations. The stock is of speculative nature and the management is not reliable. Investors can think of exiting on pull-backs as many good stocks are available at the same discount compared to peak prices. Few of them are JMC Projects, Pratibha Industries, Saregama, Kirloskar Pneumatic, Ashiana Housing etc.
* Revathi Equipment (Rs.910.10) is being restructured. Long-term investors can accumulate this stock on dips for good long-term growth.
* Valuations are looking attractive in TRF (Rs.805), Elecon (Rs.111) and TIL (Rs.367). Investors can add on dips as their outlook is encouraging.
Note: Auto sector production and sales numbers for April & May 2008 are encouraging. But investors need to be cautious as there will be pressure on margins in Q1FY09 results.