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
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Wednesday, May 4, 2011
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Dear sir,
ReplyDeleteis there any criteria too be selected to gain the money w.r.to years/or % gain or long time investment?
regards sir.
ReplyDeleteit is abt ur old recommedation websol.it has come down a bit after 2 months.is it still a buy at current levels?
dear value pick is any thing wrong as u have not suggested new shares this week
ReplyDeleteis 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.
ReplyDeleteDear Kiki
ReplyDeleteIf for long term , buy in small lots even from now
Dear sir,
ReplyDeleteCompany 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