Building Up A Portfolio At A 7000 Level
- Thread starter supratik
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Thats correct Rinv. This looks to me as a fundamentally good stock as well.
Hi All,
HEG has come out with outstanding numbers. Sources say that Mittal is taking up a substantial stake in HEG. Even if this is not true, the company has reported a 180% YOY.
The company is into Graphite electrode business. The only other company in this arena is Graphite India. The next 2 quarters are expected to be equally good.
I recommend a buy into HEG with an upside of more 150% in 12-18 months.
CMP 171. Target 400+ (not kidding
. SL if required would be posted.
Note: The counter has however shown weakness in today's trading in dropping from a 200 level. There is lot of activity in the counter (volumes of 4,939,942).
It is good if you can enter at little lower levels.
Thanks and Regards
Supratik
Hi All,
HEG has come out with outstanding numbers. Sources say that Mittal is taking up a substantial stake in HEG. Even if this is not true, the company has reported a 180% YOY.
The company is into Graphite electrode business. The only other company in this arena is Graphite India. The next 2 quarters are expected to be equally good.
I recommend a buy into HEG with an upside of more 150% in 12-18 months.
CMP 171. Target 400+ (not kidding
. SL if required would be posted.Note: The counter has however shown weakness in today's trading in dropping from a 200 level. There is lot of activity in the counter (volumes of 4,939,942).
It is good if you can enter at little lower levels.
Thanks and Regards
Supratik
Thats correct Rinv. This looks to me as a fundamentally good stock as well.
Hi All,
HEG has come out with outstanding numbers. Sources say that Mittal is taking up a substantial stake in HEG. Even if this is not true, the company has reported a 180% YOY.
The company is into Graphite electrode business. The only other company in this arena is Graphite India. The next 2 quarters are expected to be equally good.
I recommend a buy into HEG with an upside of more 150% in 12-18 months.
CMP 171. Target 400+ (not kidding. SL if required would be posted.
Note: The counter has however shown weakness in today's trading in dropping from a 200 level. There is lot of activity in the counter (volumes of 4,939,942).
It is good if you can enter at little lower levels.
Thanks and Regards
Supratik
Hi All,
HEG has come out with outstanding numbers. Sources say that Mittal is taking up a substantial stake in HEG. Even if this is not true, the company has reported a 180% YOY.
The company is into Graphite electrode business. The only other company in this arena is Graphite India. The next 2 quarters are expected to be equally good.
I recommend a buy into HEG with an upside of more 150% in 12-18 months.
CMP 171. Target 400+ (not kidding
. SL if required would be posted.Note: The counter has however shown weakness in today's trading in dropping from a 200 level. There is lot of activity in the counter (volumes of 4,939,942).
It is good if you can enter at little lower levels.
Thanks and Regards
Supratik
I bought HEG and today it has gone down by more than 4%!!
So, what is up and is there any bad news for the company?
Regards,
Narendra
Yes, there is - as heard from the streets, the new on Lakshmi Mittal has turned out to be negative.
However the results of the company has been outstanding and I expect growth and cash flow into the counter.
I will not say about the short term ( I have mentioned that the counter has shown weakness by falling from a freeze the same day) but I am bullish from 18 months perspective.
I have added this counter in my pesonal portfolio. As for the SL, it will depend on how much risk you would like to pay for your returns.
If I exit from the counter myself, I would definitely et you all know.
For my tip on Valecha which most of you have suffered - apologise
I read about it in moneycontrol and felt this could add values
URL - http://www.moneycontrol.com/india/n...oodindiainfoline/market/stocks/article/249604
Q: Your other pick is Valecha Engineering and that’s currently at about Rs 213 and your target is about Rs 294. It’s primarily into the road construction space. How does it compare with the other contenders?
A: Valecha is a slightly out of the box or rather a little different in terms of their business model. The theme of our report by and large, was that we looked at diversification, track record and obviously valuations had to be attractive.
In Valecha’s case the only thing missing is the diversification part. They are mainly into roads and also into foundation engineering but what is most again striking for Valecha is that valuations are very attractive.
The management has guided on a turnover growth of around 70% for the next two years. We have been slightly more conservative and have estimated around 57% kind of CAGR for next two years and around 70% kind of bottomline growth during the same period.
I think with that kind of growth and with an order book of Rs 800 crore which is fairly large considering that its only Rs 150-160 crore kind of turnover company, there is lot of visibility and lot of this order book will be converted into next two-two and half years.
So Valecha in that sense looks quite good and it also has an investment portfolio in Jyoti Structures, which would be Rs 80 per share of Valecha. We have given a significant discount there and those shares will mostly be kept for their real estate foray that they are planning. They also planned to get into real estate with their new venture, which is Valecha Infrastructures. But we have not factored in any revenues from that account. We will only do that when more clarity on that issue occurs.
Q: So you would not book profits at Rs 294 and you would hold on for that real estate play to kick in?
A: There has not been any formal announcement as yet but even with the valuations that we have given to its core business, there is a fair amount of appreciation left. So I would definitely hold on to that counter.
Thanks and Regards
Supratik
However the results of the company has been outstanding and I expect growth and cash flow into the counter.
I will not say about the short term ( I have mentioned that the counter has shown weakness by falling from a freeze the same day) but I am bullish from 18 months perspective.
I have added this counter in my pesonal portfolio. As for the SL, it will depend on how much risk you would like to pay for your returns.
If I exit from the counter myself, I would definitely et you all know.
For my tip on Valecha which most of you have suffered - apologise
I read about it in moneycontrol and felt this could add values
URL - http://www.moneycontrol.com/india/n...oodindiainfoline/market/stocks/article/249604
Q: Your other pick is Valecha Engineering and that’s currently at about Rs 213 and your target is about Rs 294. It’s primarily into the road construction space. How does it compare with the other contenders?
A: Valecha is a slightly out of the box or rather a little different in terms of their business model. The theme of our report by and large, was that we looked at diversification, track record and obviously valuations had to be attractive.
In Valecha’s case the only thing missing is the diversification part. They are mainly into roads and also into foundation engineering but what is most again striking for Valecha is that valuations are very attractive.
The management has guided on a turnover growth of around 70% for the next two years. We have been slightly more conservative and have estimated around 57% kind of CAGR for next two years and around 70% kind of bottomline growth during the same period.
I think with that kind of growth and with an order book of Rs 800 crore which is fairly large considering that its only Rs 150-160 crore kind of turnover company, there is lot of visibility and lot of this order book will be converted into next two-two and half years.
So Valecha in that sense looks quite good and it also has an investment portfolio in Jyoti Structures, which would be Rs 80 per share of Valecha. We have given a significant discount there and those shares will mostly be kept for their real estate foray that they are planning. They also planned to get into real estate with their new venture, which is Valecha Infrastructures. But we have not factored in any revenues from that account. We will only do that when more clarity on that issue occurs.
Q: So you would not book profits at Rs 294 and you would hold on for that real estate play to kick in?
A: There has not been any formal announcement as yet but even with the valuations that we have given to its core business, there is a fair amount of appreciation left. So I would definitely hold on to that counter.
Thanks and Regards
Supratik
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