Saturday, June 7, 2014

BILCARE LTD - PHOENIX FROM THE ASHES ?








Success of business depends on the outcomes of  calculated risks.A single miscalculation may lead to serious problems or even ends in total collapse of well run firms.Many Indian companies including large and  led by well known promoters caught on wrong foot few years back. Those are the companies initiated large  acquisitions just before the sub prime led global recessions. Leveraged buyouts creates severe pressure on their balance sheets on one side and lower demand for products on the other side worsened the situation.Many Indian promoters learned valuable lessons from this crisis and some  are still fighting for a come back.On the other side this unfortunate events this offering some attractive  opportunities to investors with high risk appetite to invest in companies with ability to come back, at attractive valuation . This week Let us look into one such opportunity – Bilcare Ltd

Bilcare was a high flying stock for past many years and its stock price touched a level of Rs.1830 in 2008.It was the  darling of  Foreign Institutions,Indian Mutual Funds and well known HNI investors including Mr .Rakesh Jhunjunwala.RJ is still holding 8 % stake in this company . Its business units are mainly classified into three divisions viz – Packaging Innovations,Global clinical Supplies and Non Clonable Id Technologies .Bilcare is the market leader of Blister packaging in India with more than 50% market share . It can’t be called as a packaging company but an R&D driven packaging solution provider mainly for pharma sector.As on March 31, 2013 Bilcare has filed over 167 patents worldwide .Out of this 34 have been granted and balance under process at various stages.Its Indian business is only a small  part  - 20 % of total turnover - and company is a preferred supplier of packaging solutions for world pharma leaders like Bristol-Myers Squibb, GlaxoSmithKline, Johnson & Johnson, Merck, Novartis, Pfizer, , Sanofi-Aventis, Teva ..etc .Company operating from 9 manufacturing facilies across the globe including India,US,Germany,Singapore, and Italy.Company supplying its products in more than 50 couturiers through own marketing channels.On a consolidated basis company reported more than Rs.3000 Cr sales in last financial year.
 
Reason for pain 

As I mentioned at the beginning ,many Indian promoters caught on the wrong foot due to large acquisitions just before the beginning of recession. Bilcare done the same mistake ( since nobody was aware about the arrival of recession in advance we may not call it as a mistake) which acquired the Switzerland headquartered plastic film making unit of  INEOS at a cost of Rs.607 Cr . One third of this all cash deal funded by the company’s internal accruals and the rest raised in the form of bank loans .With this acquisition INEOS’ film units manufacturing facilities in  US ,Germany ,Italy and India ( Caprihans Ltd) came under the fold of Bilcare  .Company expected good growth post acquisition of this unit which commands more than 20% market share of high quality polymer films in the entire world.. Contrary to the expectation of the management ,Bilcare become a victim of world wide recession . In addition to lower demand growth ,company could not service its large debt which taken to acquire the INEOS division. This market leader struggled for working capital and debt repayment and reported huge loss . Share price nosedived from Rs.1800 level to Rs.40 level.

Why this stock

Yes,there is many companies from listed space facing similar situation .But I believe this is something special due to following reasons.

1)      Promoter’s capacity to  realise mistakes ,learn lessons  and bring back to normalcy with quick and accurate decisions is an important factor in business . I believe ,its promoter Mr Mohan H Bhandari is capable to handle the situation and able  to bring back from the verge of collapse .
2)      Bilcare is not a small company .It is a large organisation with sizable market share in its products not only in India but globally too.
3)      Company having good assets across the globe
4)     BILCARE  is not mere a packaging company but driven by  strong R&D capabilities and innovations with many patented technologies in its credit.
5)      Company already started initiatives to reduce its debt by divesting non core assets and already sold its US and European Global Clinical supply related operations for Rs.340 Cr .Management also promised to concentrate in further debt reduction initiatives in the ongoing financial year.

The most Attractive Point 

R&D is the key strength of Bilcare Ltd. Company successfully developed an innovative  first-of-its-kind technology named  - nonClonableID ( nciD) .This is a nano technology based solution which  can be seamlessly integrated with products, ID cards and documents to provide a totally secure and reliable identification and authentication solution.Even this technology developed to fight against Counterfeiting and piracy of medicines ,Company is extending its scope to a number of fields including e-governance ,security ..etc. Pharma makers are loosing crores of Rupees due to counterfeit medicines and such medicines are estimated as high as 30 % of the total sales. This is a big headache for global pharma giants and nciD technology is emerging as a viable solution for this issue . Company claiming Biocon and Luping already started using this technology in medicines  exporting  to certain countries .This invention recently won the National Intellectual Property award 2014 by Government of India. ( Details  HERE ). Management made representations to  RBI to introduce this technology which can help to make Indian currency notes fake-proof in the future. This is a complete track and trace system which can be widely used in the field of export of any product. Since many technical terms are involved , it is better to go through the below links for more understanding about this technology 

 


5) Track & Trace: A distant dream for domestic supply chain

6) Non ClonableID Technology for Secure Public Service delivery System




I believe this is a break through in fighting against piracy in many fields. New govt's expected initiatives in e-governance may open up big potential for this technology .Company already signed agreements with state governments for similar projects

Conclusion
This is not a stock for skeptics or critics but for optimists and risk takers . Many negatives are still there like promoter pledge ( pledged to avail loans for INEOS acquisition) ,huge debt,loss in last FY ..etc..etc.etc . But above all , I strongly believe, It is a must buy in the portfolio of an extreme risk taker. Company’s latest quarter consolidated figures indicating an early sign of revival . European economy is in a recovery path ,promoters taking steps to reduce debt , company improving in R&D front and inventing technologies with good potential. If nothing will happen – you will loose Rs.70 but if something happen on positive side ( probability is high)  this stock still possess potential to regain four digit figures  in few years down the line . This may be one stock which can change your fortunes .Yes ,risk is there ,patience is needed - take it or not .Stock listed only in BSE  ( Scrip Code - 526853) and CMP is Rs.72  . 


BILCARE IN BRIEF  LINK

Link to Company website HERE

Corporate video HERE



Disc: It is safe to assume that I have vested interest in Bilcare Ltd.

109 comments :

  1. Sirji,

    This is an excellent recommendation. I had bought small quantity of this stock last week. After you recommendation now I have confidence to increase my exposure to this stock. Sir, I Need your view on one more stock Dai-Ichi Karkaria.

    Regards,
    Jaychand

    ReplyDelete
    Replies
    1. Not tracking Dai Ichi closely,seems company's profit always depends on other/exceptional income .

      Delete
    2. Thanks for your reply Sirji...I was attracted to Dai-Ichi because the current market cap is just 60 Cr and the company has land bank which is worth 300 Cr. Last year EPS is 21 which means it is still available at 4 PE. It has been paying dividend consistently. I'm not sure why this stock has not attracted market attention.

      Regards,
      Jaychand

      Delete
    3. If we reduce its other income and exceptional item item from result ,EPS will come down from Rs.21 to Rs.7.90 and P/E will be above 10 . This may be the reason for markets less confidence in this stock.

      Delete
    4. Dear Sir, can you please advice me on Somi Conveyor Beltings. They claim to be India`s largest producers of conveyor belts, with clients across sectors (state power companies, leading cement and mining companies). This means, the company should benefit significantly if industries turnaround under the new government. many thanks

      Delete
  2. VP sir,
    Your view on Fedders Lloyd for long run?

    ReplyDelete
  3. Thanks sir already I have invested in this stock at rs 750 still I hold can I averaging now sir also your view upon noida toll bridge and man infra

    ReplyDelete
    Replies
    1. I can only express my opinion,whether you should average or not is purely your decision based on facts and further study. Not tracking Noida toll .Man Infra is not a bad choice from that sector.

      Delete
  4. Good Morning Sir, Thanks a lot for your valuable pick today. Also could you please advise whether we can buy Ruchi Soya and gammon india at current levels. Thanks a lot. Thanks , Vicky

    ReplyDelete
    Replies
    1. Not tracking both the mentioned stock .Hence not in a position to comment on.

      Delete
  5. Will buy it first thing on monday... thanks a lot :)

    ReplyDelete
  6. Amazing work sir!! God bless you!

    ReplyDelete
  7. Sir, please let me know your advice on TARINI international IPO.

    ReplyDelete
    Replies
    1. It is an SME IPO and one should apply for more than 1 lakhs and allotment will be at higher lot only.Purely on fundamental basis I don't think it is very attractive .Many SME ipo's are manipulated post listing and trading at higher prices only due to manipulation . So difficult to predict about future price.

      Delete
  8. Thanks for this call. Can I buy Wockhardt for the long term? Any view?

    ReplyDelete
    Replies
    1. At least 5 times replied the same Q in last 10 days .

      Delete
  9. Sirji thanks for this wonderful tip.. mere paas tata global beverages ke shares hain.. hold karu? please view

    Devender Singh Bindra
    Jalandhar

    ReplyDelete
  10. Excellent recommendation. Will definitely go for it next week. Have a happy weekend VP sir

    ReplyDelete
  11. Dear valuepick ji, is Vulcan engineer a good buy for longterm?
    Thanks in advance.
    Regards

    ReplyDelete
    Replies
    1. Depends on new Govt's efforts to revive Core sector.

      Delete
  12. Just wanted to thank you for your recommendation of lumax auto technologies. It was really a value pick when recommended and now with company postIng good q4 numbers, the stock is already at 52 week high. Thank you, good bless you!

    ReplyDelete
  13. Dear son/ daughter,

    I am a retired person. My pension is not enough to beat the rising inflation. Therefore I need to make an investment in stock market. But also cant take too much risk. Can you kindly recommend some low risk stocks which I can hold for long term?

    Best Regards,
    P B Acharya

    ReplyDelete
    Replies
    1. Keep the part of pension for expense budget and invest remaining for selected stock as good return is linked with risk which can beat inflation.

      Delete
    2. The amount remaining after spending for basics can be divided into two parts and one should keep as savings to meet any unexpected needs .The second portion can be used for investment .Considering your age and earning stream , it is better to avoid small caps which always come with high risk . Better to go for blue chips like ITC,Sun Pharma,L&T ..etc through an SIP route .

      Delete
    3. Dear Value picker,

      Thank you for your prompt reply. Will invest in high quality large caps as you suggested.

      Best Regards.
      P B Acharya

      Delete
    4. Dear Acharya sir... returns from the market are linked to risk. If you invest in risk free stocks, you will earn less returns. However if you take a little bit risk and invest in stocks suggested by Value Pickr sir, you can earn great return. Also, I have observed that almost all his calls give positive returns. Many become multibaggers. Therefore one such multibagger will set off the losses (very few) of failed calls.
      I am giving this advice because I am observing his calls since 3 years. Just a small piece of advice as a well wisher. Good luck.

      Delete
    5. Dear Acharya Sir,
      Pension funds can not be invested in high risk and low liquidity stocks.VP has suggested some very good quality picks in last one year ,some thing like Britania,BASF,Crompton Greaves ,VST Tillers,Deewan housing,IDFC,Kirloskar Oil,Liberty Shoes,Ador welding,HEG,KSB Pumps etc and most of them have give handsone returns.
      wait for such good stockpicks from VP to invest your pension funds.

      Delete
  14. Sir i posted before about siti cable pls let me know you view on it

    ReplyDelete
  15. Only 70 rs you know what wil be percentage loss. You yourself commented yesterday.

    ReplyDelete
    Replies
    1. I think you know the percentage which is 100 % .I clearly explained what the prospects and what the risks involved. If you are not interested to take that level of risk , nobody is compelling you to invest in this stock.

      Delete
  16. P B Acharya Sir,

    You are in the right place at the right time...!!! Market is doing really well, there are positive signs of Economy growth. You may choose the companies researched in VP's blogs, there are several who have gained by their research and analysis.

    All the best...

    Regards,
    Kevin

    ReplyDelete
    Replies
    1. Thanks for your kind wishes Kevin son

      P B Acharya

      Delete
  17. first purch in sep 2010 around 700 last(400) in may 2014 @ 69 lowest but @ 37.5 made average of 216 for 2000 share. Though not tired but still get sigh of relief finding in this blog

    ReplyDelete
  18. I have made a huge fortune by investing in your stocks and holding them patiently. Thanks for this call.. I hope this call will also rock as your other calls.

    -Your regular follower

    ReplyDelete
  19. Dear VP sir
    I have 20000 spicejet @ 75/- since last 3 years. shall i hold or book loss and convert the same in some other stock as this stock is not showing any movement. Please suggest?

    ReplyDelete
    Replies
    1. Influence of govt policies is very high in this field ,difficult to predict the future.

      Delete
  20. Dear Sir,

    Would like to know from you abt Bilcare if we keep interest on the sides why are the operating profits down..
    pharma or drugs do not seem to be in recession in India so why are the sales stagnating..is it because of rest of india operations..
    who are their competitors in pharma strips...
    nonClonableID is there since 2010/11 so what is the growth in it since thereon.. thanx..

    ReplyDelete
    Replies
    1. How a company can utilise available opportunities if there is lack of enough working capital due to higher interest payment ? In a recessionary situation debtors day will also unfavorable which will impact cash flow on the other side.

      Even if the first model of this product developed earlier ,since it is a new concept it can be improved only through trial and error method. More than that earlier the concentration was only in pharma related business but now company is planning to expand its various forms which can be applied in many other sectors including government funded projects.

      More than that even without this new technology ,its core business ( Pharma Packaging without this technology) itself generating more than Rs.3000 Cr sales per year which is not a small amount . Reducing the stress on balance sheet is the need of hour and company is working on it.

      Delete
  21. Sir,
    This looks like a multibagger, but some negatives are it is in trade to trade category which means if one buys it one might come under risk surveillance of SEBI. Also the promoters hold just 32 per cent equity of which 9 per cent has been pledged. But there are many other positives especially that of being a Rakesh Jhunjunwala. stock. But even RJ has many duds in his portfolio.

    ReplyDelete
    Replies
    1. You have some misunderstanding about 'T' group stocks .Nobody will put you under surveillance only because of purchasing a 'T' group stock. After all If you are not doing anything wrong why you need to worry ?.

      Delete
  22. This comment has been removed by the author.

    ReplyDelete
    Replies
    1. yes satbir sir even I am heavily invested in kemrock. It is a traders fav stock.. Gives wild moves both sides. Would like to know the fundamentals of the company from VP sir

      Delete
    2. I think the issue in Kemrock is far worse than Bilcare . Indian promoters are holding less than 10 % in this company and out of that substantial portion is pledged .Company is in financial trouble for the past few years but if we read between lines ,recent comments of RPM Intl ( Foreign partner) representatives not giving any hint for a financial bail out from their side . So,keeping fingers crossed.

      Abstract from the investor communication from RPM Below:

      --------------------------------



      One-time pre-tax adjustments totaling $42.7 million during the quarter included a $22.5 million write down of RPM's remaining financial investments in Kemrock Industries and Exports Limited in India, which continues to struggle in the face of a difficult Indian economy and significant debt. As of the end of fiscal 2013, RPM has no remaining investment on its books in Kemrock. The second adjustment related to an agreement in principle between RPM's roofing division and the U.S. General Services Administration (GSA), which resulted in a $3.7 million reversal of the third-quarter estimated accrual of $68.8 million and a related $4.5 million restructuring charge. The GSA investigation related to roofing contracts with the GSA, principally between 2002 and 2008. The last adjustment of $19.4 million was for restructuring related write-offs, resulting from two plant closings within the Rust-Oleum Group to better align production capacity with demand and eliminate overhead in its hobby and European businesses.
      ----------------------------------

      Delete
    3. V P Sir,
      Regards you & thanks for spread knowledge to all as me.
      pl suggest sharp india hold/buy/sell

      arvind kumar patni

      Delete
  23. Sir

    You are UNBELIEVABLE
    Wish you LONG LIFE
    GOOD HEALTH
    and CONTINUED SUCCESS

    ReplyDelete
  24. i have invested huge amount, more than 12 lacks in this stock,did all my calculations in 2009,bought it right from 540 to 42rs, averaged 5 years,all the above clonal technologies are there for past 5 years,but company did not fetch anything,it may move up along with market,i sold everything at 50 after holding for 5 years and booked a complete loss,,,plese for god sake dont stuck in this stock...reasons
    promoteres very very bad...he dost not disclose anythings, didnt disclose for how much he bought german company 5 years back and how he got money...
    why his shres were pledged....
    no tranperency on account books....
    never comes out and stocks...
    dont fall prey becasue he is an iit an...
    dont fall pray that jujunwala holds..he is looking for an opertunity to exit...think 1000 times before entering in this stock....i am not againt any one here
    i am only here to say please dont loose money like me..a request..

    ReplyDelete
    Replies
    1. I don't know why these allegation when answers for many of your questions are easily available from publicly published documents ,Company filings to various authorities..etc.

      I think the following link will clarify how much company paid for acquiring INEOS business


      http://www.bilcare.com/pdf/bilcare_ag_to_acquire_INEOS_global_films.pdf

      It is not difficult to find out how company raised money and why its shares pledged if you spend some hours and take some real efforts.

      About the selling of RJ,I can't say anything about it because I don't believe he will disclose the same first and then sell,and I have no connection with him to know his stand.

      The technology invented few years back at an idea level but such new technologies will reach a complete level only after many trials and errors and make it adaptable to different situations .Even if this technology was initially developed for pharma sector ,only now company is seriously thinking about its applicability in other fields including e-governance.

      Above all ,the risk we are taking @ Rs.500+ and Rs.75 is entirely different .

      Taking your concerns and warnings in good spirit and hence posting here to help my readers to take an informed decision ;)

      Delete
    2. By the way, how can u claim that Jhunjhunwala is looking for an opportunity to exit this stock? Did he tell you? Just a curious question

      Delete
    3. I think question is to Anonymous who posted the above message . I too interested to get an answer for this question.

      Delete
    4. Rare Enterprises have made many blunders in last few years !!

      Oriental carbon was a very great idea and still feel there is more steam left in the stock .. Planning to add on declines ..
      Have bought forbes and company and supreme petro with medium view .. Any views on these stocks

      Delete
  25. valuepickji ur view on epc industries sir

    ReplyDelete
    Replies
    1. No change in views .EPC recommended @ Rs.61 which is currently trading @ Rs.176 . A long term HOLD .Old link below

      http://value-picks.blogspot.in/2010/08/epc-industries-buy.html

      Delete
  26. Sir,
    I want to know your opinions on Excel Crop Care and JBM Auto

    ReplyDelete
    Replies
    1. Not tracking JBM Auto.

      Excel Cropcare moved up substantially in recent times ,though not a bad stock.

      Delete
  27. sir please share ur view on gtl and gtl infra

    ReplyDelete
  28. What has changed so much in logistics stocks ??..gati tci etc all are flying in last month !!
    Mr.Damani also bought stake in Sical Logistics and I have been tracking it from 6 years .. Highly volatile stock .. 100-40 and now 40-100 and on upper circuits ..

    Are logistics stock worth investing in a correction ??

    ReplyDelete
    Replies
    1. Lack of sufficient logistic facilities is a major issue in India .Any govt with a vision can't avoid this sector.

      Delete
  29. Hi Vp Sir,

    Please share your views on tcpl packaging. Can we enter at current buying price of 104?
    I hope this comment gets published. None of my previous comments were published.

    Thanks
    Vikas

    ReplyDelete
    Replies
    1. Stock already appreciated more than 100 % from recommended level. At CMP it is a HOLD for me.

      Old link below

      http://value-picks.blogspot.in/2010/11/tcpl-packaging-buy.html

      Delete
  30. Sir I am building a new portfolio. Can I invest in Goodyear ltd for long term? Please guide. Thank you

    ReplyDelete
    Replies
    1. Company is good ,price also moved up sharply in recent months

      Delete
  31. Sir Can I invest in Superhouse for long term? I missed your earlier call at 100.. right now trading at 128

    ReplyDelete
    Replies
    1. Further Rupee appreciation ( If any ) may impact the margins of export oriented companies.

      Delete
  32. Dear VP,

    Can you please share your views on Ujaas Energy and Suzlon?

    Thanks
    Mitesh

    ReplyDelete
    Replies
    1. Not tracking Ujjas Energy

      Suzlon already recommended @ Rs.24,still positive

      http://value-picks.blogspot.in/2012/01/suzlon-energy-buy.html

      Delete
    2. Thanks and surprised that you are still positive on Suzlon as many are now telling to sell as there is no reason for this much upside. I have purchased 1 month back and will stay invested as many I sold are still going up in this bull market. and your suggestion has eased the burden. Thank you.

      Delete
    3. Hi Satya,

      Many would be surprised that one need to depend too much on others for own conviction or to feel comfortable amidst the bull market rumors.

      I was positive since 2011-12 and am positive on Suzlon. If you hold for 3-5 years, would reap the awesome benefits as Suzlon is bound to outperform and confidence is reflecting in improving B/S.

      Happy long term investing.

      Thanks -

      Delete
  33. Value Pick Sir - Your view on Godawari Power.
    Can we hold the stock for long term or book profit at current level ?

    ReplyDelete
  34. Sir, your view on DISH TV pls. Heavily invested

    ReplyDelete
  35. hello VP sir,
    plz suggest any turnaround stock.
    thanx

    ReplyDelete
    Replies
    1. The above given one itself - Bilcare - is a potential turnaround stock

      Delete
  36. sir your views on DHP India at current level please

    ReplyDelete
    Replies
    1. DHP India recommended @ Rs,41 .See below link

      http://value-picks.blogspot.in/2010/08/dhp-india-buy.html

      Now it is @ Rs.141 ,neutral at CMP .Try to buy when stocks are available at cheap rate .This was available easily below Rs.50 after few upper circuits.

      Delete
  37. Sir didnt get reply for siti cable pls publish your view on it

    ReplyDelete
  38. Sir i invested in premier ltd pls tell me should i invested or exit....

    ReplyDelete
  39. Hello Sir

    Please provide ur view on

    PIX transmission.

    Regards
    Usha

    ReplyDelete
    Replies
    1. Not tracking above mentioned three stocks

      Delete
  40. Sir your views on accelya kale..i did my research and felt that this is goldmine..it is also in list of forbes asia top 200 companies under a billion and i have seen, this company keep on rolling out new innovative products for the customers...i have purchased at 630 levels and i am very optimistic about its future outlook..writing here for your views sir

    ReplyDelete
    Replies
    1. Accelya Kale ( Formerly Kale Consultants) recommended @ Rs.126 - See below link .At CMP Rs.630 ,neutral on it .

      http://value-picks.blogspot.in/2012/07/kale-consultants-ltd-buy.html

      Delete
  41. Dear Sir,

    Since market has been on the up for the past few months, please provide your suggestion on whether this is a correct time to enter into stock market. I am new to the market(1 year exp) and need your guidance. Thanks a lot. I am planning to invest 1 lakh rupees.

    Thanks,
    Prabu

    ReplyDelete
    Replies
    1. I don't think anybody can predict the top of the market . Buying stock when it is available at cheap is the strategy to be followed .For that ,one should show courage at such situations .opportunities are available irrespective of index level ,but we should find it out.

      Delete
  42. Hi VP sir,

    What is ur view on Bharat Gears ? the stock is showing no signs of improvement.

    Thanks

    ReplyDelete
    Replies
    1. One may swap Bharat Gear with Subros.

      Delete
  43. Dear Sir
    one thing i observe that whenever you recommend a call then there is no seller. only the big fish buying..no chance for a small investor to buy a single share.
    i am just keep on waiting with the pending buy order..
    but anyways love to follow your calls..great sir..
    Regards
    Moby

    ReplyDelete
    Replies
    1. In order execution there is no priority for large orders ,only the order entry time matters.

      Delete
  44. VP, Thanks for your recommendations, all are very thorough. One question, from where do you get information for your research? Any good suggestions?

    Thank you!

    ReplyDelete
    Replies
    1. If information is readily available from some sources what is the relevance of equity research ?

      Delete
  45. thanks for Your recommendations. its very amazing.
    I need your views on GATI , I bought @ Rs 98.
    Thank u
    by Rahman.

    ReplyDelete
  46. Sir,
    I would appreciate your view on Orient Bell @95/= or so. If you remember you had recommended it @90/= way back in December,2012. I am still holding my 2000 equity bought at 91.50 then.Now, what is your say, on this.This company still running in losses and severe other problems.I know , you may not publish & share your views on orient bell , since it has turned out to be failure so far.But, even then , as a admirer of you, I will be awaiting your sincere advice. Thanks.

    ReplyDelete
    Replies
    1. My dear friend

      If you want to succeed in stock market first you should avoid thinking in this way .No one in stock market is 100 % correct .Mistakes are committing by everyone and those who committing minimum mistake and willing to correct it at the earliest will win in the market. Orient bell is a company I recommended as a buy @ Rs.90 and the stock thereafter went upto Rs.110 but at that time I requested to HOLD and thereafter @ Rs.75 requested to book loss for those having low risk appetite . Company seems underperforming in the sector and those one still holding may exit and invest that money in other options.

      Delete
  47. Sir,

    Most of your recommendations are simply great. Thanks a lot.
    Birla Ericc. has appreciated more than 100% within few months. Shall book profit or hold?

    ReplyDelete
  48. I had purchased NHPC IPOs. Shall I exit at current level of 28 or hold? Please provide your guidance.

    ReplyDelete
  49. Hello Sir,

    I see many stocks grow in the range of 4.8% or 4.9% etc. Why is this like?

    Thank you.

    ReplyDelete
  50. here is one more link regarding bilcare

    Bilcare secures Biocon export

    http://pharma.financialexpress.com/latest-updates/2174-bilcare-secures-biocon-export

    ReplyDelete

  51. BILCARE

    ARTICLE:

    http://www.samachar.com/Global-poker-group-betting-on-India-for-security-odlrKtfgjfi.html

    ReplyDelete
  52. Bilcare had once defaulted a loan of UBI worth 51 cr. Any idea what lead to the default?

    ReplyDelete
  53. What about your view on bilcare after June Quarter result? Should I hold it or not?

    ReplyDelete
  54. hello vp sir, i also think this is a fndmtly good stock but after jun results it is goin down continusly...
    wat shud i do ???

    ReplyDelete
  55. Dear Sir,

    Please confirm the downtrend since last few days is a good opportunity to accumulate this stock for long term investment...

    PS: My previous post was neither published nor responded :(

    ReplyDelete
  56. Earlier I commented in June that I am getting some sigh of relief after your post, when I saw it rising invested further 270 shares at av of 85. This is largest loser in my portfolio nod slowly my confidence is evaporating. What is fresh view on this stock.

    ReplyDelete

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