Wednesday, May 4, 2011

NITCO LTD - RESULT UPDATE

For the quarter ended March 2011, Net profit of Nitco rose 346.00% to Rs 11.15 crore in  as against Rs 2.50 crore during the previous quarter ended March 2010. Sales rose 84.56% to Rs 191.94 crore in the quarter ended March 2011 as against Rs 104.00 crore during the same period  ended March 2010.For the full year ended March , Sales rose 58.94% to Rs 640.50 crore against Rs 402.97 crore and net profit jumped to to Rs 26.29 crore from a loss of Rs.8.71 crore. Full year EPS is Rs.8.20 . Nitco was earlier recommenced @ Rs.62 and currently trading @ Rs.64/- .HOLD It
Posted by VALUEPICK at 9:13 PM
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6 comments :

  1. AnonymousMay 5, 2011 at 10:44 PM

    Dear sir,
    is there any criteria too be selected to gain the money w.r.to years/or % gain or long time investment?

    ReplyDelete
  2. saeshMay 6, 2011 at 9:16 PM

    regards sir.
    it is abt ur old recommedation websol.it has come down a bit after 2 months.is it still a buy at current levels?

    ReplyDelete
  3. rajendraMay 6, 2011 at 10:35 PM

    dear value pick is any thing wrong as u have not suggested new shares this week

    ReplyDelete
  4. kikiMay 18, 2011 at 7:25 PM

    is nitco a buy in the present market scenario?i know value pick you dont care about the market levels and recomend companies which have good value yet i can thelp asking you?pl comment.

    ReplyDelete
  5. VALUEPICKMay 19, 2011 at 5:37 AM

    Dear Kiki

    If for long term , buy in small lots even from now

    ReplyDelete
  6. AnonymousMay 31, 2011 at 7:51 PM

    Dear sir,

    Company has 390 cr as loan in 2010. In such condition company should at least earn 40 Cr in year ie 10 cr in quarter. Results does not attract me, do you have some other point for Nitco

    ReplyDelete

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