Wednesday, July 3, 2013

MARKSANS PHARMA - UPDATE






This low value stock recommended @ Rs.4 on 23rd March 2013 ( Old posting HERE) which is currently trading above Rs.8 ,an appreciation of more than 100 % in three months.Some more clarity about its revival plan is expected after the BIFR hearing which is scheduled to be held on July 30,2013 .Recommending to HOLD at CMP.
Posted by VALUEPICK at 7:47 PM
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13 comments :

  1. AnonymousJuly 3, 2013 at 10:38 PM

    Dear sir,

    Thanks for your reply, Whether Ashapura minechem share(your recommendation) could also go the same way as Marksans went.

    ReplyDelete
  2. Pratul LoboJuly 4, 2013 at 5:42 PM

    Hi Sir,

    Thanks for the recommendation. I have purchased Marksans based on your advice. Currently holding 8000 shares @ Rs. 5.5/- :)

    ReplyDelete
  3. UnknownJuly 4, 2013 at 5:46 PM

    Hi,
    Whats your take on the BIFR decision and its impact on Marksans Pharama's stock price?..

    ReplyDelete
    Replies
    1. VALUEPICKJuly 5, 2013 at 9:59 AM

      As you are aware company reacently entered in a settlement agreement with FCCB holders.What we are looking is whether the company will declare the means of finance to settle the debt by paying only the principal amount without interest.Due to reversal of excess interest provisioning of earlier years it net-worth turned positive and hence let us hope company will out of the preview of BIFR .Company need to repay the principal amount in 12 months .Already made some profit in FY 2012-13 and let us hope it will declare some means to raise further funds to repay debt.

      Delete
  4. AbirJuly 4, 2013 at 6:11 PM

    Dear VP sir,
    Can I buy CanFin Homes @cmp ?
    Thanks & regds,
    Abir

    ReplyDelete
    Replies
    1. VALUEPICKJuly 4, 2013 at 8:56 PM

      Repco Home Fin may out perform from this sector.

      Delete
  5. AnonymousJuly 5, 2013 at 10:29 AM

    Dear sir,

    Your views on Jyothi labs at current cmp?

    ReplyDelete
  6. rajJuly 5, 2013 at 8:06 PM

    Hi Sir

    What is your view on first source solutions co.?

    Thanks
    Raj.

    ReplyDelete
  7. AnonymousJuly 12, 2013 at 4:13 PM

    Hi Sir,
    any views on todays volumes is there any lower bottoms on the cards, as the stock dipped 4.6% with no buyers but only sellers, where from the last 10 days there were only buyers no sellers. please comment your view

    Thank you
    Raja

    ReplyDelete
  8. YogendraJuly 13, 2013 at 9:49 AM

    Dear VP,

    can i buy marksans now sir


    ReplyDelete
    Replies
    1. VALUEPICKJuly 13, 2013 at 10:01 AM

      An appreciation of over 200 % already happened .Some corrrection is inevitable after such sharp appreciation .To be on the safe side ,try to buy betweeb 9-10 or act based on the volume traded in the next few days.

      Delete
  9. prakashJuly 24, 2013 at 1:08 PM

    Dear Sir,
    Today on 24th July 13 marksans pharma is trading near Rs.10.What is your advice to buy at Rs.10 or not?

    ReplyDelete

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