Friday, May 23, 2014

JAIN IRRIGATION - UPDATE

This stock recommended @ Rs.57  on 6th April ,2013 . ( Link HERE ) which is currently trading above Rs.110  . Company reported good numbers in latest March quarter ( Link HERE ) and declared a dividend of 25 % .This is one of the best agri-related stocks available . Requesting to HOLD it for the long term.
Posted by VALUEPICK at 5:59 AM
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12 comments :

  1. D. mitraMay 23, 2014 at 7:40 PM

    Dear VP sir, holding Can Fin @145 since you recommended.. hold or book profit.... pls suggest.
    Regards.
    D. Mitra

    ReplyDelete
  2. AnonymousMay 23, 2014 at 10:19 PM

    Hi VP Ji,
    Thank you for good pick on Agri related stock. Can you please let us know your views on Opto Circuits? Thank You, Veera Brahmam

    ReplyDelete
  3. AnonymousMay 23, 2014 at 10:48 PM

    I am holding 2500 shares of sunshield @90/-. Result seems unhealthy. What should I do? advice please. Anand ghosh

    ReplyDelete
  4. AnonymousMay 23, 2014 at 11:02 PM

    rhodia chemicals also has negative net profit. but in the case of sunshield we were highly optimistic.what spoil the party.sir your comment is badly needed. ravikumar vakkayil

    ReplyDelete
    Replies
    1. VALUEPICKMay 24, 2014 at 6:30 AM

      I don't think result is too much disappointing as some of you mentioned. Company incurred .Other Non Operating expense of Rs.1.14 Cr and deferred tax provision of Rs.5.41 Cr for earlier years provisioned in this quarter which resulted in the negative figure. I don't think it is a reason for worry .More than that company 's phase 1 expansion cum modernisation of plant is just going to complete .Above all there is reasons beyond results to HOLD the stock .Hence if you are ready to take some risk ,irrespective of result one can still hold it and if not interested to take such a risk one can Exit.

      Delete
    2. AnonymousMay 24, 2014 at 6:51 AM

      sir,thanks for yr prompt reply.ravikumar vakkayil

      Delete
  5. AnonymousMay 24, 2014 at 1:58 AM

    Dear Sir,

    Requesting you to please throw your light on Sundaram Multi Paper and advise ?

    Thanks & Regards,
    Nilesh

    ReplyDelete
    Replies
    1. VALUEPICKMay 24, 2014 at 6:32 AM

      Not positive on this stock purely on fundamentals , not able to say anything about punters play in these type low priced stocks.

      Delete
    2. AnonymousMay 24, 2014 at 9:05 PM

      Thanks for your reply sir, but if you see company has good dividend track and GIC & Citigroup are one of the top shareholders in it, Balance sheet look like quite good !!

      Delete
  6. UnknownMay 26, 2014 at 12:06 PM

    Dear Sir,
    Can I enter Jain Irrigation at this range.

    ReplyDelete
    Replies
    1. VALUEPICKMay 26, 2014 at 8:26 PM

      Good one for long term.For any stock,healthy correction is necessary for further sustainable up move.

      Delete

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