Monday, April 20, 2015

MIC ELECTRONICS - UPDATE

MIC ELECTRONICS  is one stock suggested here @ Rs.5 about six months back ( Link HERE)  which is currently trading around Rs.11.Today company informed exchanges that ,company led consortium emerged as the lowest bidder for Design, Manufacture, Supply, Testing, Installation and commissioning of 1,81,398 LED Street Lights for four districts of Andhra Pradesh(Guntur, Krishna, East Godavari, West Godavari.) .Thy also emerged as the second lowest bidder for another 31,221 LED Street Lights for Prakasam Dt of AP .This project is executed under Energy Efficiency Services Limit which is a joint venture of PSUs of Ministry of Power, Govt. of India. I hope , MIC will win  this order at their home turf  . Though the amount of project not disclosed ( Earlier Nashik Municipality's similar order for replacing  69500 street lights awarded for Rs.202 Cr)  , I believe it will be a turning point in the second innings of company and will act as a catalyst in its efforts for a come back.

Last month promoters converted 1.64 Cr warrants into equity shares out of  7.4 Cr warrants issued at the end of 2014 . On full conversion , promoter stake in MIC will increase from close to  10 % to above 45% .

 Suggesting to HOLD it

Link to latest Announcement HERE
Posted by VALUEPICK at 4:22 PM

78 comments :

  1. Arunkumar AApril 20, 2015 at 4:41 PM

    Thank you VP sir for this great recommendation :)

    ReplyDelete
  2. UnknownApril 20, 2015 at 5:33 PM

    Sir your views on sundaram fasteners
    Sundaram brake lining and
    Fedders Lloyd
    Thanking you

    ReplyDelete
    Replies
    1. VALUEPICKApril 21, 2015 at 5:48 AM

      Sundaram break already suggested @ Rs.155 . At CMP Rs.334 , neutral on it. Not tracking others

      Delete
  3. Chetan patelApril 20, 2015 at 5:45 PM

    Hats off dear VP sir for identifying MIC at very early stage..Thanxs a lot.. may almighty bless you to unearth similar gems in the future.

    ReplyDelete
  4. UnknownApril 20, 2015 at 6:03 PM

    Thanks for the update sir. What is your opinion on Piti lamination?.

    ReplyDelete
    Replies
    1. VALUEPICKApril 21, 2015 at 5:50 AM

      This stock suggested @ Rs.21 ( adjusted to stock split ) At CMP Rs.77.neutral on it.

      Delete
  5. rohitApril 20, 2015 at 7:01 PM

    Please share ur views on timex and parkash industries. Both are ur previous recommendations and both have shown to recover from their lows. Can we say times are changing for these companies.Please guide us

    ReplyDelete
  6. LEARNING123456April 20, 2015 at 7:17 PM

    sir
    please guide me on Talbros engg new listed & Olympia ind

    thanks in advance

    ReplyDelete
  7. UnknownApril 21, 2015 at 11:12 AM

    Sir , Please advice whether one can add Patels airtemp at current price.. I already have in small quantity.. Please advice.. Thanks for all your help... Same question has been asked yesterday... Not able to see any response from you sir...

    ReplyDelete
    Replies
    1. VALUEPICKApril 21, 2015 at 9:04 PM

      I am positive on this one. Since sector is out of fancy , oone need to show patience.

      Delete
  8. UnknownApril 21, 2015 at 12:10 PM

    Sir,

    Could you please share your view on Intellect Design Arena

    Thanks

    ReplyDelete
  9. UnknownApril 21, 2015 at 12:16 PM

    Sirji needed your view on 2 of your old recomendations:

    - IDFC
    - Tata Steel

    Thanks

    ReplyDelete
  10. UnknownApril 21, 2015 at 12:41 PM

    please share ur view on fresh trop fruits

    ReplyDelete
  11. elumalaiApril 21, 2015 at 1:20 PM

    Hi vp sir,
    Your view on Grauer and Weil

    Regards
    Elumalai

    ReplyDelete
  12. AnonymousApril 21, 2015 at 4:14 PM

    Hi, ur view on Parnax labs ? if we take a look at the consolidated numbers the company is turning around at a good pace.

    ReplyDelete
  13. UnknownApril 21, 2015 at 7:51 PM

    What your view on basant agro? ?

    ReplyDelete
  14. UnknownApril 21, 2015 at 9:08 PM

    Sir.. Ur take on one of ur old recommendation.. V2 retail..

    ReplyDelete
  15. JatinApril 21, 2015 at 10:53 PM

    I am worried about promoter's low level. only 9% in.

    Don't you think it is big issue ?

    ReplyDelete
    Replies
    1. VALUEPICKApril 23, 2015 at 7:10 PM

      Understood only onething , you didn't spend even five minutes to read my above posting in complete :(

      Delete
  16. Rohin MonyApril 21, 2015 at 11:15 PM

    What is is your view on Shivalik Bimeta & L&T Finance? Appreciate your help on this..:)

    ReplyDelete
    Replies
    1. VALUEPICKApril 23, 2015 at 7:11 PM

      Not tracking Shivalik ,

      Positive on L&T finance biut suitable only for long term passive investors

      Delete
  17. UnknownApril 22, 2015 at 12:52 AM

    Hy sir,
    Please tell me your view on sangal paper ltd,how is the company and manegment..

    ReplyDelete
    Replies
    1. VALUEPICKApril 23, 2015 at 7:37 PM

      Stock already appreciated more than 100 % from suggested level, nothing new to add at this point.

      Delete
  18. UnknownApril 22, 2015 at 1:35 PM

    Sir Please share your view on Gitanjali Gems

    ReplyDelete
    Replies
    1. VALUEPICKApril 23, 2015 at 7:44 PM

      Don't expect wonders in these type cases overnight

      Delete
  19. amitApril 22, 2015 at 4:16 PM

    Sir , ur view on camphor and allied activities?can.i enter in a stock around 260?

    ReplyDelete
    Replies
    1. VALUEPICKApril 23, 2015 at 8:00 PM

      This stock already suggested to enter @ Rs.180 . One can hold

      Delete
  20. UnknownApril 22, 2015 at 4:34 PM

    Dear Vp sir
    Your current suggestion about claris life science. i tried searching your blog and you have suggested twice. Can we buy it for a long period of three years.

    ReplyDelete
    Replies
    1. VALUEPICKApril 23, 2015 at 8:00 PM

      Not tracking it after the sale of major portion of their business.

      Delete
  21. VDApril 22, 2015 at 6:47 PM

    Sir, coral labs is overvalued?? one shud hold or sell?

    ReplyDelete
  22. UnknownApril 22, 2015 at 6:49 PM

    dear vp sir
    kindly throw some light on DIL LTD. Your opinion is highly valuable and apreciated.
    thanx

    ReplyDelete
  23. KrishnaApril 22, 2015 at 9:37 PM

    Sir do u feel ashapura inmates will be next page industries
    Actually changing life styles so many people using lounge wear today
    Please provide your opinion
    Regards
    Thank u

    ReplyDelete
  24. meet sugatApril 23, 2015 at 8:50 AM

    In past u said, kwality daily not sure abt promoter,what u say now ?

    ReplyDelete
  25. meet sugatApril 23, 2015 at 9:44 AM

    Sharon bio ?

    ReplyDelete
  26. NikhilApril 23, 2015 at 10:32 AM

    Dear VP,

    Any suggestion regarding IPO of UFO Moviez? It's into unique business of digital cinema. Is some gain possible?

    Thanks,
    Nikhil

    ReplyDelete
    Replies
    1. VALUEPICKApril 23, 2015 at 8:10 PM

      Frankly speaking , I have not enough idea about the entry barrier in this business, hence not in a position to comment anything about it.

      Delete
  27. Sontosh Kumar BothraApril 23, 2015 at 4:30 PM

    Respected Sirjee,
    Would you throw light on Ashapura Intimates Fashions Ltd?

    ReplyDelete
    Replies
    1. VALUEPICKApril 23, 2015 at 8:12 PM

      Only recently I started to track this stock . Prima facie , seems as an interesting story .

      Delete
  28. NikunjApril 23, 2015 at 8:04 PM

    Vp.. Pls advise on your old recommendation International Paper APPM. Results came today. Your views on the results?

    ReplyDelete
  29. KrishnaApril 23, 2015 at 10:08 PM

    Sir your view on Tara jewels shop in shop model of business asset light model
    Do you feel is there some cash on the table
    Thank you

    ReplyDelete
  30. UnknownApril 24, 2015 at 12:24 AM

    Hi VP,
    your view on JBF Industries...... Many thanks...

    ReplyDelete
  31. UnknownApril 24, 2015 at 1:37 AM

    Dear Sir,

    I am one of your followers and holding Aimco pesticide shares. In your blog, you mentioned that AIMCO pesticide is planning to raise share capital and that may be a reason for it (21/03/2015). I saw the same announcement in the BSE website. I have a basic doubt.

    As per their statement, they are going to increase their equity shares from 1 crore to 1.5 crore (50% increase). Therefore, I assume that share price may fall 50% (I am saying just based on the logic). So the share price is dropped from ~ Rs 80 to ~ Rs 50. Is this logically correct?
    I am a learner in this stock market and my question may be silly.

    Thanks

    ReplyDelete
    Replies
    1. VALUEPICKApril 24, 2015 at 1:10 PM

      I don't think they are raising funds just to keep in bank account . Amount may be for business purpose and that may reflect in its working performance in future.

      Delete
  32. UnknownApril 24, 2015 at 6:58 AM

    Dear VP sir,

    kindly share your views on future prospects of 1)lovable lingerie, 2)kokuyo camlin, 3) cimmco.

    ReplyDelete
  33. bhavdipApril 24, 2015 at 7:20 AM

    Sir , any views on salzer electronics at current market price of 250 ? And ur view on dion global and kopran please .

    ReplyDelete
    Replies
    1. VALUEPICKApril 24, 2015 at 1:11 PM

      No change in previous views on any of these stocks

      Delete
  34. Ramesh PatelApril 24, 2015 at 8:50 AM

    Sir, your view on International Travel House pl.........

    ReplyDelete
    Replies
    1. VALUEPICKApril 24, 2015 at 1:13 PM

      Stock is curretly above 50 % from suggested rate .One can Hold.

      Delete
  35. SureshApril 24, 2015 at 9:55 AM

    Dear VP sir,

    Request you to kindly go through complete study about Ashapura Intimates Fashions. It seems lot of informed buying are happening and great future ahead like page industries. Please advice whether we can buy.

    ReplyDelete
    Replies
    1. VALUEPICKApril 24, 2015 at 1:13 PM

      :)

      Delete
    2. KumarApril 24, 2015 at 8:57 PM

      Dear VP sir,

      Ashapura Intimates seems like an interesting company in good promotor hands who are confident of its brand and their growth story, but it seems like one can buy it only in 1000s lot. Its already trading at mcap/sales of more than 3 and P/E of more than 5. Is it a compelling buy at such expensive valuations? esp. since small retail investors like us have to big investment of a minimum of 2.5lacs(at current market price)

      Thanks for answering my query sir.

      Delete
  36. UnknownApril 24, 2015 at 10:15 AM

    Dear sir
    I am interested in buying Axiscades Engg but now days it is daily falling 5%. Is there any bad news about it and is it right time to enter in it

    ReplyDelete
    Replies
    1. VALUEPICKApril 24, 2015 at 1:14 PM

      Not sure whether someone caught on the wrong foot , seems like that

      Delete
  37. Agriculture productsApril 24, 2015 at 10:18 AM

    Sir ,What is your opinion about Palred Technologies .In past you requested to avoid it , any change in your opinion now ?

    Sagar
    Nasik

    ReplyDelete
  38. VALUEPICKApril 24, 2015 at 1:31 PM

    First of all , If my memory is correct I never mentioned anything about it earlier .

    But at present it is not a compelling buy for me. Because, company is in the midst of a scheme of arrangement.As per this scheme company's share capital will be reduced .Company will took back 60 % of shares and pay Rs.16.50 for each shares . If I am correct, as per this scheme ,if you have 100 shares , you will left with 40 shares + Rs.990 ( 60*16.5) which is equal to strightaway booking a loss of approx Rs.10 to CMP on each share for 60 shares out of 100 . This will increase the avarage cost of your remaining holding upto that extent . For this scheme of arrangement ,stock may even delist from exchanges for a certain period and re-listing price may depends on the market mood prevailing at that time. So don't want to take that risk and prefer to look into it only once all these scheme of arrangement process completes.

    ReplyDelete
    Replies
    1. kkrApril 24, 2015 at 8:14 PM

      Dear VP,

      You never cease to Amaze me

      Love

      Delete
  39. VijayApril 24, 2015 at 6:28 PM

    Sir, your view on sequent scientific results pls. Sales raised steeply and loss reduced considerably. Thanks.

    ReplyDelete
  40. KrishnaApril 24, 2015 at 8:54 PM

    In asha pura intimates according public report they are trying to expand production capacity to double by owning 2.25 lk sq feet what do you feel about that
    Regards
    Pavan

    ReplyDelete
  41. UnknownApril 25, 2015 at 5:23 AM

    Dear VP Sir,

    Your views on momai apparels pls. Good long term bet. ?!
    Kindly revert Sir....

    ReplyDelete
  42. RaghavanApril 27, 2015 at 7:19 AM

    Deat sir, your view on Indraprastha Medico from investment prespective in hospital services sector? thanks

    ReplyDelete
  43. SusheelApril 27, 2015 at 1:10 PM

    Dear Sir,

    Your Views on JVL AGRO INDUSTRIES?

    Thanks and Regards

    Susheel

    ReplyDelete
  44. UnknownMay 1, 2015 at 5:24 AM

    Dear Sir,
    can you please share link for your blog @ money control
    Regards
    Anurag

    ReplyDelete
  45. UnknownMay 5, 2015 at 10:22 PM

    Pls advice on
    Ptc India finance
    Munjal auto

    ReplyDelete
  46. UnknownMay 29, 2015 at 9:27 AM

    Dear VP Saar - Is MIC still a value buy at CMP? I am planning to buy some. Thanks.

    ReplyDelete
  47. G.K.JhawarJune 16, 2015 at 4:21 PM

    Dear VP Sir,
    please share your views on Praj Industries

    ReplyDelete

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