IL &FS Engineering and Construction is one stock I suggested as a BUY @ Rs.98 which is currently trading 15 % below the suggested price. Yesterday company announced the receipt of an order worth Rs. 326.99 Crores from Bangalore Metro Rail Corporation Limited. ( Link HERE) .Currently company's total order book is around Ten Thousand Crore which giving very good visibility for future. Recently one visual media interpreted the revision of project cost of one of their projects as a 'Scam' and I received lot of queries from my readers to express my opinion about the company post this event. To my understanding , this is one project originally awarded to a consortium of Maytas infra and Gayatri Projects .( Later Maytas changed its name to IL&FS Engg when the control of company fully transferred to the hands of IL&FS .( IL &FS is promoted by Housing Development Finance Corporation Limited (HDFC) ,Central Bank of India (CBI), Unit Trust of India (UTI), State Bank of India, Life Insurance Corporation of India, ORIX Corporation - Japan and Abu Dhabi Investment Authority). Due to time overrun for the completion of the said project , as per terms and conditions , company succeeded in re-negotiating the project cost and this is interpreted as a 'Scam' by a media . I believe , such project cost revisions are not unusual and there is nothing wrong in it if the terms and conditions are framed in a manner with a provision to do that . Unfortunately , to give the colour of a 'scam' to this incident ,visuals of Raju( Satyam) shown repeatedly in the said news even though this company is not even owned by him at present but owned by reputed PSU banks and institutions .
As you are aware , IL&FS Engineering is currently working on many prestigious projects including India's First smart City (Gujarat International Finance Tec-City (GIFT) .Still this is my first choice from this sector and reiterating a BUY at CMP Rs.84 with a long term view.
Link - India’s first smart city takes shape in GIFT
Thank you sir for updates
ReplyDeleteVP.. on March 30, 2011 you had posted the following:-
ReplyDeleteANDHRA PRADESH PAPER MILLS LTD - Moving into the big league
The L. N. Bangur Group controlled AP Paper mill sold the entire promoter stake to I P Holding Asia Singapore Pte Ltd, a subsidiary of International Paper Company, USA .It is expected to improve both the share price and financials under the new professional management CMP is Rs.197/-
What is your view on this stock currently? And what did you make of their results posted couple of days ago?
It was an event based update and not a detailed buy recommendation .Stock is currently trading @ Rs.284
DeleteThankyou verymuch for the much needed update. I have bought this @114 (2nd day after your recommendation) and will consolidate by buying some more by Monday.
ReplyDeleteThanks a lot sir for replying and again strongly buying signal. Now i am relieved and will definately hold for a long term . God bless.
ReplyDeleteGreat news Sir. Hoping it to be multibagger in 5-10 years.
ReplyDeleteI too think so
DeleteSir,
ReplyDeleteIsn't this a great opportunity to lap up this sub 1000 cr market cap stock with a order book of 10000 crs. and a kind of surrogate play on the Smart City idea of our PM
Thanks a lot Sir, for the update!!!
ReplyDeleteSir I think u are now tracking dishtv so please your view upon dishtv and also Philips carbon thanks plz reply
ReplyDeletePositive on it with a long term view
DeleteI would like to ask a doubt to this third class media that if this PSU Campany is involved in the scam, then who will be benefited...?
ReplyDeleteIn the past also the same media faced some allegations
Deletehttps://www.youtube.com/watch?v=CTc5S6-lfwo
This Zee TV try to trap Jindal but at the end the media people got trapped. They are WORSE than the UNDERWORLD. It's better not to watch any such visual media.
DeleteZeetv ? They known supari reporters
DeleteVP Sir,Would you please see, if not track, SOMI CONVEYOR BELT's business prospect and give your view for long term on the stock?
ReplyDeleteNot tracking it and not sure whether there is any strong entry barrier in Somi's business
DeleteUr view on TV today n Camson Bio at current level
ReplyDeleteTV Today is decent ,not tracking Camson
DeleteHi Sir,
ReplyDeleteThank you for your valuable feedback , We believe in your recommendations . And i think this is a great opportunity to buy the stock 15 % less than the recommended price .
Also my sincere request and also from all people following your blog , plz come back to your originial form where u were recommending 4-5 stocks per month .
Plz dont get dis-hearting by a few negative comments . I just following your blog from 4 months only even then it has given me good knowledge abt multi-bagger stock ideas . You recommed stocks when other people buy it at 100% appreciation like wockhardt,caplin point etc etc
Also if u want you can start a paid service for clients who require more no:of calls per month , as no service is free in this world . QUALITY COMES @ A PRICE .
do think abt it Sir.
Thank you,
Manoj
Do own due diligence too before taking any investment decision :)
DeleteI think, two recommendations per month is more than enough for a solid portfolio over time. Between 80% of us do not have the moolah to invest in each and every stock suggested.
DeleteHi Sir,
ReplyDeleteJust check Dion Solutions . u Recommended it on July 2014 around .. see the score card chart .... it was given at 84 .. and around DEC 2104 it was 74 .. 22% depreciation.
Now its 120 i guess.. so nearly 50 % appreciation in less then 12 months .. So in short - term some pain .. but long term all your recommendations rock .
So just forget the comment who say above negative returns in short term .
Regards,
Manoj
So Good Company. Sir I like your blog. I am also writing blog and manytimes get the Idea from you. Its always good to read your blog. Keep it up.
ReplyDeleteThis is a welcome news on IL&FS especially when it is reeling under pressure for the last couple of days
ReplyDeletecheers
nsriniv
Hi Sir,
ReplyDeleteFirst of all thank you for your updates. I am one of your followers since couple of months. I have gone through almost many of your recommendations and updates. I am really impressed the kinds of information you share with complete transparency.
Sir, can you please comment about Havells India and Finolex cable. I am monitoring these stocks for almost 3-4 months. Now I wanted to buy shares of it for long term 2-3 years from now.
Please suggest me
Looking forward to hear from you soon
Thank You,
Vikash
Sorry , not strictly tracking both these stocks.
Deletewhat about punjlloyd sir?
ReplyDeleteNot tracking it
DeleteSir,
ReplyDeleteThanks for an update, probably very eagerly awaited by all your followers !
As you have advised, its an icing on cake as this is available 15% below that price.
Thanks for wonderful services for small investors and All my best wishes for you and entire value-picks family which has now expanded a lot !
-Valueseeker.
Dear VP Sir,
ReplyDeleteI have bought 250 shares of " IL and FS Investment Managers" (NSE code- IVC) at the average rate of 18.35 Rs per share. I think it is the holding company of IL & FS group and have good dividend record. Please suggest me that I can hold it for good return in long term horizon?
PANKAJ KUMAR
PATNA
Not tracking it
DeleteSir thank you very much for your transparent and timely update. VP sir I would like to seek your view on
ReplyDelete1. Apl appollo
2. fortis health
3. Simmond Marshal
Positive on first two , not strictly tracking Simmonds Marshal
DeleteSir... can I buy hindustan tin? Sir Plz reply
ReplyDeleteCheck last update on this stock
DeleteGood article,Sir pls share your views on wonderla holidays...
ReplyDeletePositive on Wonderla for long term
DeletePromoter increasing stake
DeleteNew park will start work next year
DeleteDear VP sir.. your views on Cybertech please ?
ReplyDeleteNot a compelling buy
DeleteWhat is your view on allied digital services...its been telling that this company will play a big role in smart cities project..?
ReplyDeleteNot tracking it
DeleteThank you for your update.
ReplyDeleteCan you comment on one of your previous recommendation -
ReplyDeleteJain Irrigation; is good days coming for this company?
Bisiness momentum is still weak
DeleteSir,
ReplyDeleteWhat is your view on Rain Industries......?
Thanking You........
Not tracking it
DeleteSirji needed your view on 2 of your old recomendations:
Delete- bilcare
- capf
Thanks
Opinion on Bilcare shared below the posting of following links as comment
Deletehttp://value-picks.blogspot.in/2014/12/mic-electronics-update.html
http://value-picks.blogspot.in/2014/11/skm-to-come-back-in-bse.html
One can Hold Capital First
Sir what about samkrg piston should we keep adding on dips?
ReplyDeleteNot aware of any negative heppenings in the business of company post recommendation
DeleteSir what are your views on Nandan Denims is it safe to buy for long term investment
ReplyDeletePls advise appreciate your thoughts as always
Regards
Anurag
Not tracking Nandan Denim
DeleteDear VP sir. today mic electronics announce winning order worth 65 crores.
ReplyDeletehope this is the beginning of new innings for mic electronics.
Another update on MIC order book:
ReplyDeleteI think patience will pay more...
With reference to the earlier letter dated April 20, 2015, MIC Electronics Ltd has now informed BSE that the Consortium consisting of MIC Electronics Ltd, and two other members have received Letter of Award (LOA) from EESL on April 23, 2015 for Cluster-2 Guntur & Cluster-3 Krishna of Andhra Pradesh valued Rs. 60.11 crores.Further, the Company has received export orders from USA for supply of True Color Visible LED Video display Systems valued Rs. 3 Crores and other Indigenous order valued Rs. 1.21 Crores. Total Value of Orders received in this month of April 2015 is about Rs 65 Crores.
Source : BSE
Happy to see things are progressing in the right direction . Keep watching the progress in business rather than price movement in market everyday . If business is moving through the right path , it will be rewarded ultimately irrespecctive of market sentiment amd short term hiccups
DeleteThis what everyone need to do in this fall, check what your company doing, if business is right, then everything is, thinking same, not selling inspire of 10% loss in portfolio.
DeleteAnother positive - the above post indicate that the blog reader are learning to see the way you have been suggesting. Tracking business by reader is a v good sigh.
DeleteThanks VP for everything :)
Can you please comment on GVK power.. Vertex projects added 3.2 crore shares ...
ReplyDeleteThanks.
Not tracking GVK Power
DeleteDear VP,
ReplyDeleteYou may start PAID service through which you may recommend more companies.You may continue this service as well with limited number of calls or calls at little intervals (update the free service one week after the paid service).
If you are not interested in making money through subscription fee, you may use the collected funds (from RICH people who pay to become RICHER) to some charitable activities to POOR.
Can you please share your views on Kres Bio?
ReplyDeleteShared my positive view on this company more than once
DeleteSir,
ReplyDeletePlz share your views on TVS motors as its has came down to 225 from 330+
Not tracking TVS Motors
DeleteHello Sir, How is Venkys at these level, 309 is multi year low, will it be a good bet... thanks
ReplyDeleteDear vp sir,at present market situation what is ur on rssoftware?
ReplyDeleteSir ur view on Adlabs Entertainment Ltd recently listed now at 135 and ipo price at 190
ReplyDeleteDEAR VP
ReplyDeletewhat is your view on jubilant life, brooks lab, natural capsule, claris life
Not tracking above stocks
DeleteHi sir
ReplyDeletePls share your view on Ador welding .
Stock already appreciated about 80 % from suggested level. Till revival happening in user industries , it may move range bound.
DeleteSir, Your views on "Filatex Fashions".
ReplyDeleteNot tracking it
DeleteHi VP sir, is crude oil price is the only reason for SELAN not performing, your view sir
ReplyDeleteLower crude price is one major reason and increased floating stock after the selling of sizable quantity by one person from promoter group may also impact pric emovement in short term
DeletePl give your views on control print, ambika cotton and cupid rubbers at current price levels.
ReplyDeleteControl print is not a bad one, not tracking other two cos
DeleteDear Sir, would appreciate your views on Arshiya International.
ReplyDeleteRegards
Under study
DeleteSir, your opinion for ACE (Action Construction Equipment Limited) please.
ReplyDeleteThanks
Company is decent one but the overall industry is not out of wood.
DeleteYOUR VIEW ON RMCL
ReplyDeleteNOt tracking it
DeleteVP sir plz share your views on Hindustan Tin works and Adani power
ReplyDeleteSearch the blog
DeleteSir please your view upon pennar Ind
ReplyDeleteAnd elecon eng.
Not tracking both
DeleteSir
ReplyDeletePlease mention your View on NOCIL
Thanks in advance
Performance of NOCIL is slowly improving
Deletesir, your views on venus remedies and dai ichi karkar, nilkamal, national feeting and coral lab please.
ReplyDeletealso would like to know your views on power sector.. its testing investor's patience.
My view on Nilkamal already shared , not tracking others
Deleteshemaroo was recommonded by you earlier. It has depreciated now. can I add some more or wait?
ReplyDeleteNot aware of any negative specifically to this company's business post suggestion
DeleteSir, I know u generally not recommend large cap. However, recent bad result of infy (as per market) and its correction almost 9% - what do u think for infy for long term. Thanks
ReplyDeleteNot tracking it
DeleteDear VP Sir,
ReplyDeleteDo you think we can enter into Granules India or Tata Elxsi at current levels after the recent correction ?
Thanks
Gopi
Granules already appreciated 10 times ( adjusted to stock split) from recommended price . Not suggesting for fresh entry .
DeleteNot tracking Tata Elxsi
Hi Sir,
ReplyDeleteWhat's your recommendation on APTECH for long term?
Thanks,
Murali
I am not interested in Aptech
DeleteSir I request your view on associated alcohols & breweries ltd pl
ReplyDeleteNot tracking it
DeleteSir, Granules India results were not spectacular this time. Any suggestions for long term?
ReplyDeleteCompany grown a lot in past few years and its base become large. No meaning in expecting same growth in percentage terms from hereon.
DeleteHi Sir,
ReplyDeleteWhat is your view on Ajmera Realty ( Current Price 130.00)...They have 2000 cr Land bank.....Is this stock have potential multibagger
Sameer Mendes
Not tracking it. I am not very interested in land bank stories at present situation . We can say we have land worth 2000 or 5000 Cr . But what is the use for the share holders if nobody is coming to buy that . An assets can be kept for ever but minority share holders may not benefit from it , there should be business and cash flow.
DeleteDear Sir, would appreciate your views on Arshiya International. It is an Logistic Company. So, kindly let me know about the same VP Sir.
ReplyDeleteThanks & Regards,
Niraj Agrawal.
Company was in deep trouble , now they are trying for a come back.
DeleteSir please share your view on aditya birla money
ReplyDeleteNot tracking it
Deletesir ,share your views on VRL logistics..hold or sell
ReplyDeleteGood company , but not cheap at CMP
DeleteSir,what are your views about Technocraft industries..could not find any thing in blog..Thankx
ReplyDeleteNot tracking it
DeleteSir please review astramicrowave recent results
ReplyDeleteNot upto expectation. Order book also came down from Rs.1025 Cr to Rs.570 Cr in last two years. Future depends on company's ability to secure new orders .
DeleteI purchase jain irr on 115.
ReplyDeleteAfter that it start falling and all expert advice to hold n avg.
But it falling 100 90 80 70 60 now 57.now whats ur view on it hold or sell.
Not expecting too much down side from here , but considering various factors nearterm upside seems capped.
DeleteHi Sir,
ReplyDeletePlease share your views about spicejet, is it the right time to invest ?
Sir - your recommendation on L&T and SBI ?
ReplyDeleteDear sir, would u kindly share your thoughts on jp power ventures.
ReplyDeleteDear vp sir, I am an old follower of yours but never commented, this is my first comment... I love your posts and feel happy to read them.... I wanted to buy il&fs last eek but could not as in icicidirect stock list could not find this stock as it contained & symbol in the ticker, though this is listed in nse website but even with the script code can't find it either or bse or nse cash buy list in Icici direct
ReplyDeleteSir, any update on Il&fs?
ReplyDelete