I have recommended a BUY on COCHIN MINERALS AND RUTILES @ Rs.78 on 28 October ,2011. ( Old Posting HERE) Yesterday company reported excellent result for the quarter ended December 2011, where its turnover moved from Rs.47 Cr to Rs.72 Cr and net profit vaulted to Rs.19 Cr from Rs.2 Cr . Nine months EPS is Rs.38 v/s Rs.5. Since the price of Synthetic rutile (its main product) is expected to move even higher from current level , CMRL may report good numbers in coming quarter too.Currently CMRL is trading at its lifetime high @ Rs.155/- .Considering the good performance and bright prospects in medium term , recommending a HOLD at current market price.
Hi,
ReplyDeleteCan I get your views on Astral Poly technik ltd (BSE code:532830). This company has been showing robust growth YoY, but margins are little unstable. Balance sheet wise, its not highly leveraged. ROE and ROCE are also good. So, What sort of valuation will you give to this company. And any comparable in your mind apart from finolex. And also please throw some light on the management, corporate governance. Your view on kaveri is highly appreciated. Thank you.
Dear Mr.VP
ReplyDeleteCMRL is another good recommendation.Kudos for identifying a stock like CMRL. Thanks...Thillai Siva
Sir,
ReplyDeleteJK Agri Genetics declared its quarterly results today.As Co is in business of seasonal nature,it has posted loss.
Sir, please go through & mark your comment on the same.
RAJESH SHAH,SANGLI(MS).
Thanks Siva
ReplyDeleteI have been following your blogs since a year. It is really sad that I cannot buy all the stocks you recommend but the one which I buy never show much price movement.
ReplyDelete- Eastern gases
- Rajvir Industries
- GEI INDUSTRIAL SYSTEMS LIMITED
- Aries Agro
Its nothing but my hard luck and lack of patience. However I will continue to hold these.
what is happening on CMRL counter,its falling sharply in last 2 days?[RS 15-17 fall a day]Is something wrong on that counter?
ReplyDeleteIt is known that some enquiry is going on by authorities about the sourcing of raw material,outcome is yet to known
ReplyDeleteAny update on upcoming result for Cochin MInerals
ReplyDeleteResult looks fantastic. Please provide your view. I think Its still a hold a lot more to uncover.
ReplyDelete