Thursday, March 26, 2015

UNITED DRILLING TOOLS - RESULT UPDATE

United Drilling Tools recommended @ Rs.30 about ten  months back hits its life time high today and closed in upper circuit. Due to merger of  some group companies and change in auditors , company could not submit its financial results of past few quarters within the stipulated time . But now company announced the result of all pending quarters . For the nine months ended December 2014 , company reported a turnover of Rs.110 Cr against last full year sales of Rs.36 Cr and a net profit of Rs.33.35 Cr ( less than 1 Cr in last full year) . On expanded equity of Rs.10.2 Cr , company reported an EPS of Rs.32 + for the nine months period . Though the stock already appreciated by more than 4 times within  10 months , risk takers can still HOLD it.

Earlier its shares shifted to 'Z' group due to non filing of financial result withing the stipulated time  , but since the company filed the same in BSE now ,  I expect , it  will return to its original group in near future 

Recommendation Link HERE

10 comments :

  1. Dear sir
    fantastic return, very good recommendation form u. ca u share u r view on recent fall in R S SOFTWARE . I am holding it from 230 rs. plz guide me
    thanks in advance

    ReplyDelete
    Replies
    1. Not tracking R S Software. But in general , there many not any specific reason for a fall in the price of any stock during a market situation like this . It may be part of general trend .One will get return in long term if the business of any company grow albeit whatever the short term market headwinds.

      Delete
  2. Dear Sir,
    You had suggested positive recommandation on Axiscades three days back & thereafter shares appricated by 20 % in last two days.I hv invested money two days back after your + recommandation.I have gained 20 % so now kindly suggest should i continiously hold or sell.& thank u very much sir for suggesting your + view.
    Regards

    ReplyDelete
    Replies
    1. It depends on where you invested - in market or in company and its business

      Delete
  3. Sir, what are your views on Zen Tech?

    ReplyDelete
  4. Your view on 'cyient' please.

    ReplyDelete
  5. Sir..I bought WATERBASE at 57... What is the future of this

    ReplyDelete
  6. Dear VP Sir ,

    I am sorry if this a repeat but could not find my earlier post published . Could you please share your thoughts on Pipavav defence ?

    Thanks,
    Srinath

    ReplyDelete
  7. Sir your views on axiscades IT & tech and
    Lloyd electric
    Can these two shares turn multibaggers
    Lloyd's business is improving and it is also going for strong branding
    Thanking u sir

    ReplyDelete
  8. Sir I want to buy biocon and MCX for 2/3 years for investment.
    Please reply your opinion

    ReplyDelete

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