................................................................................................................. counter
!!! W E L C O M E !!!
In INDIA, people generally relate to stock market as “EASY MONEY” or “SATTA BAZAAR”. For them it’s purely a GAME or matter of sheer LUCK and nothing more than that. But seldom do they know, by following certain PRINCIPLES and taking INFORMED decision, this same platform has the power to take them from rags to riches. No doubt, it has a certain amount of RISK attached to it. But every business or investment has it. What more, the Finance Ministry has already made the long term capital gain as TAX FREE whereas the short term capital gain is taxed at merely 10%. On the economic front, India’s GDP is growing and is expected to grow at scorching pace of more than 8%. Unfortunately, even today our market is being ruled and dominated by FIRANGI’s money. But I can see, the day is not far when our general PUBLIC will change its perception and start putting MOST of their savings in equities as an ** Investment **.
Remember, "K N O W L E D G E" and "P A T I E N C E" are the key to success.
Page copy protected against web site content infringement by Copyscape
AddThis Social Bookmark Button Add to Technorati Favorites Join My Community at MyBloglog! ...<< Top Blogs >>
SAARTHI

Sensex (LIVE- Intraday)

Sensex (LIVE- Intraday)

Monday, November 8, 2004

STOCK WATCH

A reputed analyst is quite bullish on Shah Alloys. The company has reported encouraging numbers for the Sept.’04 quarter with a top-line growth of 22 per cent and the bottom-line growth of 45 per cent. For the full year FY05, the company could post an EPS of more than Rs.35 and its share price is expected to shoot up substantially in future.
Although sales were down again this quarter for Murli Agro Products, its operating profit was up 24 per cent and it maintained a NP of Rs. 2.30 cr. recording an EPS of Rs. 3.30 for Q2FY05. Also, its paper division is reported to be doing well and the company is expected to report an EPS of Rs.12 for FY05. A good medium term bet.
Garware Polyester appears the best bet from the packaging sector. For H1FY05 ending Sept.’04, its sales grew by 21 per cent whereas NP increased by 29 per cent in spite of higher tax provisioning. For FY05, it could report an EPS of Rs.12. A good buy.
Despite the cut throat competition and price wars leading to worries about its operating profit, Videocon International continues to post robust numbers quarter after quarter. Short-term traders can accumulate with a price target of Rs. 65.
Some market-men feel that Varun Shipping can turn out to be a dark horse in the Shipping sector as it has potential to post an EPS of Rs 6 on its expanded equity of Rs.108 cr. They also predict a re-rating of the scrip once it gets listed on the Singapore Stock Exchange.

Posted by RAJAT AGRAWAL / MUMBAI at Monday, November 08, 2004

No comments:

Post a Comment

Subscribe to: Post Comments (Atom)