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India Equity Research Reports, IPO and Stock News
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* Ganesh Housing (Rs.155.60) has successfully launched 4 residential projects one in every quarter. Seeing to the very good response, it is likely to launch two more projects in the current quarter. The company has booked an area of two lakh sq. ft. during the last quarter. Majority of the booking has come for its residential project Maple County II project. It currently has 662 acres or 24.4 million sq. ft. of land under development, which is likely to provide immense growth to the company.
The stock has come down from a high of Rs.279 to the current level while its book value is around Rs.155. The stock looks attractive for investment. There is promoter buying in the stock over the last few weeks and speaks of the confidence of the promoters in the future outlook of the company. A firm closing above Rs.165 is likely to give a decent upmove in this stock.
* Elecon Engineering Company (Rs.75.55) has been awarded a prestigious order of Rs.176.49 crore by NMDC Ltd. for the Downhill Conveyor System for the Kumaraswamy Iron Ore Project Package - II for design, engineering, manufacturing, supplying, erection, testing, commissioning as per the Technical Specifications associated with Civil and structural works, electrical instrumentation, Material Handling Equipments and other.
Investors can continue to hold this stock for good long-term growth. A sustained and firm closing above Rs.78 is likely to give an upmove.
* Western India Shipyard (Rs.12.19) results for the December 2010 quarter are encouraging. We had recommended profit booking at RS.17 level in this stock. Those having booked profit at higher levels can keep a watch to accumulate this stock on dips. It is a good turnaround story and the outlook is encouraging.
* BGR Energy (Rs.530.80) has posted a net profit of Rs.875.547 million for Q3FY11 as compared to Rs.419.095 million in Q3FY10. Total Income has risen from Rs.6388.773 million in Q3FY10 to Rs.12585.605 million in Q3FY11. Company has orders in hand worth Rs.93000 million and there are indications that it is likely to receive some good orders in the near future. We had advised profit booking at higher levels above Rs.750. Those having booked profit at higher levels can keep a watch to accumulate this stock on dips.
* Plastiblends India (Rs.198) is the largest domestic manufacturer of masterbatches. With an installed capacity of 50,000 TPA, it commands 60% share of the organised segment. Masterbatches are used as colouring agents mainly in the plastic industry. Higher consumption of packaged goods have led manufacturers to pack products at a higher speed. New and modified packaging machines and the aesthetic appeal of packages has created the need for speciality products, which the company is developing in its R&D laboratory. It has introduced some high volume and speciality products such as Masterbatches for BOPP films, PET filaments and yarns, PP filaments and fibres, conductive compounds and biodegradable additives and compounds.
On account of increasing awareness and concern for the environment, the government has taken various steps to formulate and enact new norms & laws to encourage the use of degradable plastics. This is going to increase its use significantly and such awareness towards the environment will benefit the company to strengthen its position in this segment.
The company has been able to penetrate into the global markets by maintaining the global standards of cost and quality thereby enabling it to grow its exports manifold.
The company has bright future ahead. The book value of its share is Rs.126, expected EPS for FY11 likely to be around Rs.23/24. Past performance is very consistent. Investors can continue to hold or accumulate this stock on dips.
* Zee News (Rs.12.07) has shown an encouraging trend in Q3 results. Investors can continue to hold this stock or accumulate on dips.
* Garware Wall Ropes (Rs.60.95), There is promoter buying in the stock to the extent of around 4.2% of capital last week. It Fundamentals are strong. The stock had touched a high of Rs.260 in 2007 bull run. At the current level, the downside is limited. Investors can accumulate this stock.
* First Leasing (Rs.91.60) has moved up well over the last two weeks with good volumes. Investors are advised to stay invested. Fresh buying should be avoided.
* Kennametal India (Rs.594) is a delisting candidate with an expected EPS of Rs.30 for the current full year investors can keep watch on this stock for buying on sharp reactions.
* As per marketmen, some favourable developments are expected in Camlin Ltd (Rs.67) in the near future. Investors can continue to hold the stock.
* Note: Market has moved up sharply over the last two weeks. Many mid caps too have moved up fast. Investors need to be cautious in buying at higher levels.
India Equity Research Reports, IPO and Stock News
Visit http://indiaer.blogspot.com/ for complete details �� ��
* Ganesh Housing (Rs.155.60) has successfully launched 4 residential projects one in every quarter. Seeing to the very good response, it is likely to launch two more projects in the current quarter. The company has booked an area of two lakh sq. ft. during the last quarter. Majority of the booking has come for its residential project Maple County II project. It currently has 662 acres or 24.4 million sq. ft. of land under development, which is likely to provide immense growth to the company.
The stock has come down from a high of Rs.279 to the current level while its book value is around Rs.155. The stock looks attractive for investment. There is promoter buying in the stock over the last few weeks and speaks of the confidence of the promoters in the future outlook of the company. A firm closing above Rs.165 is likely to give a decent upmove in this stock.
* Elecon Engineering Company (Rs.75.55) has been awarded a prestigious order of Rs.176.49 crore by NMDC Ltd. for the Downhill Conveyor System for the Kumaraswamy Iron Ore Project Package - II for design, engineering, manufacturing, supplying, erection, testing, commissioning as per the Technical Specifications associated with Civil and structural works, electrical instrumentation, Material Handling Equipments and other.
Investors can continue to hold this stock for good long-term growth. A sustained and firm closing above Rs.78 is likely to give an upmove.
* Western India Shipyard (Rs.12.19) results for the December 2010 quarter are encouraging. We had recommended profit booking at RS.17 level in this stock. Those having booked profit at higher levels can keep a watch to accumulate this stock on dips. It is a good turnaround story and the outlook is encouraging.
* BGR Energy (Rs.530.80) has posted a net profit of Rs.875.547 million for Q3FY11 as compared to Rs.419.095 million in Q3FY10. Total Income has risen from Rs.6388.773 million in Q3FY10 to Rs.12585.605 million in Q3FY11. Company has orders in hand worth Rs.93000 million and there are indications that it is likely to receive some good orders in the near future. We had advised profit booking at higher levels above Rs.750. Those having booked profit at higher levels can keep a watch to accumulate this stock on dips.
* Plastiblends India (Rs.198) is the largest domestic manufacturer of masterbatches. With an installed capacity of 50,000 TPA, it commands 60% share of the organised segment. Masterbatches are used as colouring agents mainly in the plastic industry. Higher consumption of packaged goods have led manufacturers to pack products at a higher speed. New and modified packaging machines and the aesthetic appeal of packages has created the need for speciality products, which the company is developing in its R&D laboratory. It has introduced some high volume and speciality products such as Masterbatches for BOPP films, PET filaments and yarns, PP filaments and fibres, conductive compounds and biodegradable additives and compounds.
On account of increasing awareness and concern for the environment, the government has taken various steps to formulate and enact new norms & laws to encourage the use of degradable plastics. This is going to increase its use significantly and such awareness towards the environment will benefit the company to strengthen its position in this segment.
The company has been able to penetrate into the global markets by maintaining the global standards of cost and quality thereby enabling it to grow its exports manifold.
The company has bright future ahead. The book value of its share is Rs.126, expected EPS for FY11 likely to be around Rs.23/24. Past performance is very consistent. Investors can continue to hold or accumulate this stock on dips.
* Zee News (Rs.12.07) has shown an encouraging trend in Q3 results. Investors can continue to hold this stock or accumulate on dips.
* Garware Wall Ropes (Rs.60.95), There is promoter buying in the stock to the extent of around 4.2% of capital last week. It Fundamentals are strong. The stock had touched a high of Rs.260 in 2007 bull run. At the current level, the downside is limited. Investors can accumulate this stock.
* First Leasing (Rs.91.60) has moved up well over the last two weeks with good volumes. Investors are advised to stay invested. Fresh buying should be avoided.
* Kennametal India (Rs.594) is a delisting candidate with an expected EPS of Rs.30 for the current full year investors can keep watch on this stock for buying on sharp reactions.
* As per marketmen, some favourable developments are expected in Camlin Ltd (Rs.67) in the near future. Investors can continue to hold the stock.
* Note: Market has moved up sharply over the last two weeks. Many mid caps too have moved up fast. Investors need to be cautious in buying at higher levels.
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