VALUE PICK FROM INDIAN STOCK MARKETS

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Tuesday, May 24, 2011

DFM FOODS LTD - RESULT UPDATE

I have recommended a BUY on DFM FOODS @ Rs.48/- ( Old Report HERE) which is currently trading @ Rs.126/-. Yesterday company reported good performance in fourth quarter.Its turnover in fourth qtr is Rs.35.14 Cr v/s Rs.20.45 an increase of 72 % and net profit jumped to Rs.2.58 Cr v/s Rs.64 lac. In the full year ,company posted a sales of Rs.120 Cr and a net profit of Rs.8.32 Cr . On an equity base of Rs.10 Cr full year EPS is Rs.8 + .Company showing overall improvement including margins. One may hold at current level and BUY on declines below Rs.100/-

1 comment:

NRMay 24, 2011 at 1:44 PM
Dear VP,

I would like to bring few stocks to ur radar to have a detailed analysis & discussion on our blog.

1. Indag Rubber
2. Photoquip
3. Suraj Diamonds
4. Hind Industries
5. Laopala
6. SBT
7. Wimplast

Thanks

NR
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