RESULT UPDATES

1) ORCHID CHEMICALS

I have recommended a BUY on Orchid Chemicals at Rs.161/- ( old reports are  HERE and HERE) ,which is currently trading at Rs.301/- .Company posted excellent result for the qtr ended Dec.2010.Sales is Rs.478 Cr v/s Rs.360 Cr and NP is Rs.57 Cr v/s a loss of Rs.19 Cr . It is expected to perform better in coming years too. One can HOLD at current level and a 10 % correction from current level may take as an opportunity to BUY it for long term

2) GEI INDUSTRIAL SYSTEMS LTD

I have recommended a BUY on GEI INDUSTRIAL SYSTEMS at Rs120/-( old report HERE ) which is currently quoting at Rs190/-. Company posted good result for the qtr ended December 2010  with sales moved up from Rs.62 Cr to Rs.110 Cr and net profit from Rs.4 Cr to Rs.8.6 Cr .One can HOLD at current level. Keep a close watch on new order additions and movement of the price of raw materials.