Monday, May 2, 2011

DE- NORA(INDIA) - RESULT UPDATE

I have recommended a BUY on DE- NORA(India) Ltd on 25th December 2010 @ Rs.79/- ( Old posting HERE ) .Currently it is quoting @ Rs.105/- .In march qtr ,company posted a turnover of Rs.6 Cr v/s Rs.3 Cr and a net profit of Rs.1.25 Cr v/s a loss .Order book position is also showing improvement over last year.Company also declared a dividend of  50% on FV. 10 shares .HOLD it for further gains.

7 comments :

  1. Sir,
    In many a reply to questing regarding best long term pick , you have said that in selecting long term stocks for a port folio various parameters are to be kept in mind such as RISK TAKING CAPACITY, LIKING FOR THE SECTOR and so many and so forth.

    With full honour to your such views, I would request that please provide a list of long term stocks (dark horse) of your CHOICE having huge growth potential for HIGH RISK TAKING investors.
    Hope you will provide the same as I want to be spoon fed with your acumen of analysis of a company.

    ReplyDelete
  2. Dear VP,

    Whats ur take on 'Bilcare'. It has come down to a buying territory. Oil prices seems to be a factor. But easily this can be passed on to its product price and no comparable listed company in the sector
    Thanks
    NR

    ReplyDelete
  3. VPJI,
    IS THERE ANY NEWS @ TIMEX DELISTING?

    ReplyDelete
  4. Hi NR,
    Sorry to interrupt. But the main problems with Bilcare are
    - Huge Debt and in future also need of it to fund for its R&D. (Remember without R&D, it wont survive)
    - Promoter's have pledged 83% of their shares.
    - Equity dilution with GDRs

    This is my personal View.
    With Regards,
    Vikas

    ReplyDelete
  5. dear value pick is it right time to start averaging the stocks

    ReplyDelete
  6. How can we call it averaging . Averaging - if necessary - happening at below the first purchase price.Here it is almost 40 % above the purchase price.

    ReplyDelete
  7. HI Valupick ,
    Thanks for your valuable advise and I hold
    200 eq shares of De nora and credit for that
    goes to you and you only .Secondly what is the best price to book profit and enter any script like this ?
    Are you tracking ARCOTECH? What is your view ? before I purchase I would like to have your opinion !!Will you guide on that ?
    With warm regards and due respect
    Vakhari M J

    ReplyDelete

Followers

Tweet TopOfBlogs