Building Up A Portfolio At A 7000 Level

[supratik]

Hi All,

Book some profits in Era Construction..CMP 550. Our call at 340.

fyi

Pratibha bags Rs 435cr order from MCGM

BS Reporter / Mumbai July 23, 2007



Pratibha Industries has won two contracts from Municipal Corporation of Greater Mumbai (MCGM) for water supply schemes.

According to a release issued by Pratibha to the BSE today, the total value of the contracts is Rs 434.86 crore.

"The projects are part of the Middle Vaitarna water supply project, and involve providing and laying 3000mm diameter MS pipes of 20.7 km and allied works. The projects are to be executed in 45 months," the release added.

Thanks and Regards
Supratik

 

[supratik]

Hi All,

fyi
Rolta India Q4 net up 38%

BS Reporter / Mumbai July 23, 2007



Riding on good demand from international and domestic markets, Mumbai-based Rolta India registered a net profit (consolidated) of Rs 48.84 for the fourth quarter ended June 30, 2007 (Q4FY07) - a rise of 38.2% when compared to Rs 35.32 crore earned for the same quarter last year (Q4FY06).

The company’s revenue for the current quarter was Rs 207.47 crore, a growth of 38.3% over Rs 149.91 crore in Q4FY06.

Sequentially, the company’s net profit increased 7.3% from Rs 45.54 crore. Its revenue grew 11.2% when compared to Rs 186.49 core.

For financial year 2006-07 (FY07), Rolta’s net profit (consolidated) rose 35.6% to Rs 172.64 crore as against Rs 127.31 crore in FY06. Revenue grew 32.8% and stood at Rs 721.66 crore.

K K Singh, chairman and managing director, Rolta India said: "As a global service provider of choice, we continue to experience very healthy growth in our business in all segments. We are very encouraged by the rapid increase in demand for our solutions and services in domestic and international markets. This has given us the confidence to enter Rolta’s 25th year with the goal of significantly accelerating our growth not only organically, but also through inorganic means."

The engineering design and GIS segment grew 29% year-on-year whereas the e-business solutions segment grew 65%.

The company has recommended a dividend of Rs 5 per share for FY07.

Buy - CMP 480

Keep track of L&T - buy on declines.

Thanks and Regards
Supratik

 

[p_haolader]

Hi Supratik,

I am holding Welspun Gujrat @ 228.06, CMP 261.95 . Should I add more. Any Targets ?

Thanks,
Partha

 

[supratik]

Partha - I would suggest to hold it. I will let you know when to exit. I have not come to a conclusion for its target price.

Hi All,

Crew BOS has been recommended in this thread at 240-250 odd levels. It is currently trading at its 52 week's low of 133. We are averaging it out now. CMP 133 buy.
(If there is anything negative news, please keep it posted)

Thanks and Regards
Supratik

 

[alok]

Dear Supratik,

Any suggestions on Suzlon?

Alok.

 

[supratik]

Alok,

I think we have booked our medium term profits in Suzlon and that has already been posted.
Long term call stays intact.

Suzlon results have not been good and the same is is expected in the next 1-2 quarters....one we are ready to buy back, I will let you know

Hi All,

fyi
Subex Azure Q1 net up 381%, to hive-off services biz

BS Reporter / Bangalore July 26, 2007



The acquisition of telecom operations support systems solutions provider Syndesis in January last fiscal helped Subex Azure achieve an over four-fold growth in net profit for the quarter ended June 30, 2007.

Subex Azure, which provides revenue maximisation solutions for telecom operators, posted a 382% growth in profit after tax (PAT) for the quarter ended June 30, 2007 to Rs 22 crore. The revenue in the quarter grew 202% to Rs 131.7 crore on a consolidated basis as compared to the corresponding quarter in the FY2006-07.

The company achieved this growth in the wake of a significant increase in its product revenue, which grew by over 377% to Rs 21 crore as compared to the figure a year ago.

Subash Menon, founder chairman, MD & CEO, Subex Azure said: "Post the Syndesis acquisition, the industry has positively acknowledged the expansion of our product offerings which now include fulfillment and assurance solutions, taking us one step closer to our goal of becoming one of the leading operations support systems players in the world".

During the last quarter, Subex Azure integrated Toronto-based Syndesis to itself. The company said this resulted in resources being deployed on integration activities thereby leading to the deferment in the execution of some projects. "This deferment has depressed the product revenue which otherwise would have been higher," the company said adding the deferment was a temporary phenomenon and would be corrected in the subsequent quarters.

The company is set to hive-off its services business into a separate subsidiary. Services business accounted for nearly 33% of the company's topline in FY07. The company, in a statement said, it is seeking requisite approvals for the proposal.

Subex Azure - CMP 620 - Buy

Thanks and Regards
Supratik

 

[alok]

Thanks Supratik.

I also booked partial profits somewhere around 1495. Would appreciate your views on buy levels for add-ups.

Do you track MindTree ? If yes, Please your views regarding entry.

Regards,

Alok.

 

[supratik]

Alok,

I do track mindTree solutions...it is a good investment bet. I think you can wait before commiting to this. I dont see much of a downside in this counter.
However I would suggest to avoid softwares for the time-being (except dark horse Satyam).
On a whole you can look at other sectors and counters that may yield you better returns in the near future.
I received a mail yesterday on Gandhi Special Tubes from a friend and made some homework on this one. I think you can look at this counter.

Watch out for Global Markets - a hefty downfall
Refrain heavy exposures.

Thanks and Regards
Supratik

 

[alok]

Dear Supratik,

Thanks for your suggestions.

Regards,

 

[uasish]

Supratik,
Yesterday was looking at Sonata Software's chart,what are your views.

Asish