Wednesday, May 18, 2011

OPTO CIRCUIT - RESULT UPDATE

I have recommended a BUY on Opto Circuit @ Rs.260/- ( Old Report HERE) which is currently trading @ Rs.295/-. Yesterday company reported  robust performance in fourth quarter.Its turnover in fourth qtr is Rs.545 Cr v/s Rs.335 Cr and net profit jumped to Rs.111 Cr v/s Rs.66 Cr. In the full year ,company posted a sales of Rs.1077 Cr and a net profit of Rs.260 Cr . Management again proved its investor friendly approach by declaring a dividend of  45 % . A Superb performance again .HOLD it
Posted by VALUEPICK at 5:36 AM
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10 comments :

  1. NRMay 18, 2011 at 9:53 PM

    Dear VP,

    What is the right entry point for Opto, Please advise

    Thanks

    NR

    ReplyDelete
  2. VALUEPICKMay 19, 2011 at 5:35 AM

    Dear NR

    I think our previous recommended price is an entry point , buy in small lots.

    ReplyDelete
  3. PruthviMay 19, 2011 at 5:05 PM

    Dear Sir
    orchid chemical gave poor results.I think there is no change in company fundamentals.Aries agro reached 108.is this its entry point?Shall we continue holding orchidchemicals or start purchasing at current level in small lots?Your valuable advice is highly sought after here

    ReplyDelete
  4. VALUEPICKMay 20, 2011 at 8:15 AM

    Dear Prithvi

    I don't think Orchid Chemical's result was poor .Last year income includes a one time income derived from the selling of its
    injectable business to Hospira . Considering this ,It is a good result. Aries agri is a Buy for me at CMP

    ReplyDelete
  5. Disciple of GodMay 20, 2011 at 9:41 AM

    Dear ValuePick,

    Great blog. Am humbled by your efforts to recommend good stocks. Would like to know your perspective on Indorama Synthetics. The stock has fallen quite a lot and looks oversold now. Is it a value pick at this price? Kindly suggest

    Thanks in advance

    ReplyDelete
  6. TutoonMay 20, 2011 at 9:56 AM

    Dear Sir,

    Plaese comment on prism inforamtics, currently trading @67.85,It is in a downward trend since I purchased it @81.00,Plaese share your thoughts on this stock.

    ReplyDelete
  7. AnonymousMay 20, 2011 at 11:28 AM

    Thanks 4 ur advice sir,but may i know y ur skeptical abt mgt of black rose...? i ve invested heavlly in it.. can u plz advice me.., n ru skeptical abt the monomer plant they r comming up.. where they manufacture acrylamide.., may i know y there is huge demand for this acrylamide...? plz advice me..

    Thanking u..


    Regards
    ksk

    ReplyDelete
  8. VALUEPICKMay 20, 2011 at 3:44 PM

    Dear DG

    Indo Rama Synth is not a bad company, but the problem is the entire textile sector is under performing . When there is a re rating started in this sector this company may out perform .But 'When' is really a question

    ReplyDelete
  9. VALUEPICKMay 20, 2011 at 3:46 PM

    Dear Tutoon
    If you have some surplus money and you want to test your luck and ready to loose 100 % , these type scrips are apt but can't count as an investment grade one.

    ReplyDelete
  10. Kishor BarhateFebruary 6, 2013 at 11:22 AM

    Dear Sir,

    What are your views on OPTO circuits now...Alos results are due on 12th feb

    ReplyDelete

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