Thursday, November 18, 2010

LUDLOW JUTE - UPDATE

I have recommended LUDLOW JUTE AND SPECIALITIES as a BUY on decline @ Rs.86/- ,before the declaration of second qtr result . Based on the robust performance I reiterate a BUY at current level of Rs.88/- .For the half year ended September ,Company posted a turnover of Rs.162 Cr  v/s Rs.108 Cr , a net profit of Rs.16 Cr v/s Rs.4.7 Cr   and an EPS of Rs.15/-

Old Report can be Accessd HERE
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2 comments:

  1. AnonymousNovember 22, 2010 at 6:52 PM

    SIR,
    WHY THIS STOCK GO DOWN

    ReplyDelete
  2. Neeraj SharmaNovember 23, 2010 at 8:23 AM

    Dear VPJI,

    Unlike many other stocks of similar fundamentals, this stock seems to be less buoyant. Is there any specific reason?
    Like lower perception on Management, Heavy debt, lack of corporate Governance... in your knowledge?
    Please throw some light on this.

    Regards,
    Neeraj Sharma

    ReplyDelete