This stock recommended earlier @ Rs.12 declared its result today . More than the published result ,company decided to write off an amount of Rs.16 Cr on account of expired goods due to termination of its joint venture with Simplot . ( Read the details of Board decision HERE ) .Frankly speaking , quantum of this amount is beyond my expectation . Stock is currently trading around Rs 15.80 .Recommending to book Profit /Loss and considering this factor, a re-entry may consider only at a lower level .
Disclaimer: This Blog,its owner,creator & contributor is neither a Research Analyst nor an Investment Advisor and expressing opinion only as an Investor in Indian equities. He/She is not responsible for any loss arising out of any information, post or opinion appearing on this blog.Investors are advised to do own due diligence and/or consult financial consultant before acting on any such information. Author of this blog not providing any paid service and not sending bulk mails/SMS to anyone.
Thursday, July 31, 2014
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Hello Sir,
ReplyDeleteThank you keeping investors like me updated. Feel lucky to have found you blog recently.
Could you please provide your views on Gati? Company expecting to grow at good rate for next few years.
Thanks!
Expecting improved business going forward.
DeleteDear VP,
ReplyDeleteThanks a lot of quick response.
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With Regards
Bigul
Dear sir,
ReplyDeleteCan one add Waterbase as the promoter holding raised to 52.47% from 32% n also good set of numbers.
Not tracking it
DeleteWhat about Avanti feeds? Can we enter now?
DeleteAvanti feed recommended Rs.68 , now @ Rs.994
Deletehttp://value-picks.blogspot.in/2011/09/avanti-feeds-ltd-changing-fortunes.html
Thanks for the update sir
ReplyDeleteDear Sir... Thanks for quick response... can you please provide some guidance on Gateway Distripark and Edelweiss Financial...
ReplyDeletePositive on GDL for long term , not tracking Edelweiss.
DeleteSir,
ReplyDeleteI am surprised that sometimes you recommend investors to act like traders. This is a blog for long term investors, as you said. A 16 crore write of loss on a bad investment for Himalya International is a negative for the company, but that can be made up in a few quarters. As a samll investor, I decided to buy at 13 levels rather than sell the small quantity I had. Even if my decision turns bad after a couple of years, I would like to believe that I had invested in a good stock with fundamentals and be a long term investor rather than a short-term trader.
My problem is not Rs.16 Cr inventory write off but difficult to accept the logic of creating Rs.16 Cr inventory even before the clinching a joint venture agreement properly.
DeleteCMP of himalya intl is 8.77 , is it safe to make an entry in this stock now ?
ReplyDelete