Doubt Relief !!

[abhijitz]

Hello Karthik

Thanks for the sincere effort your are taking.

I have couple of queries on some stocks
Uttam Galva - Looks like a bounceback after a significant amount of time. How does it appear in the short term? <with the overall steel story looking good now>
Samtex Fashions - grossly underpriced. per its projected EPS of 9 it should quote at 54 Rs.


Would appreciate if you can comment on these two?

 

[kumar7]

Hello Karthik

Thanks for the sincere effort your are taking.

I have couple of queries on some stocks
Uttam Galva - Looks like a bounceback after a significant amount of time. How does it appear in the short term? <with the overall steel story looking good now>
Samtex Fashions - grossly underpriced. per its projected EPS of 9 it should quote at 54 Rs.


Would appreciate if you can comment on these two?

Dear Abhijit,

I agree that samtex fashion is under priced, it should move up soon, its in a accumulation phase. Some news about the demerger of rice and textiles business is also expected.

Kumar

 

[Dhanya]

Hi Karthik,

Thanks for all your efforts,this has turned out to be an excellent thread.Please answer this doubt of mine whenever you find the time.

I have been looking at Educomp and Granules(they were both tips from someone who swears that they are bound skywards).Please provide your input on this,and if it is so,is this the right time to enter?

Thanks,
Dhanya

 

[rajesh.sadhanala]

Dear Raj

There is no plan for starting a new thread on Trix... (Bharat also please take note)

I had told you to go through my earlier Thread on Trix to learn about Trix. Following is the link

http://www.traderji.com/technical-analysis/4046-trix-tricks.html

See.. that is why I always keep telling you concentrate in the chat room...instead of fighting wth other members...

Ofcourse there is an idea to start a thread on Trading systems where all members can discuss their experiments and experiences with trading system.
Of course that would take some time as considering the importance of the topic lot of ground work has to be done.

regards

Hi Uncle,

I always concentrate on the topic, I never fight with anyone. It gives a lot of wrong impression in front of all .

Well about Trix, I am going to become a master soon. ha ha ha Hope so.
Well come online by 9 IST to eat ur head.

Raj

 

[karthikmarar]

Raj

Come on munna, I was just teasing you...

Why only master in Trix munna, try to become a master in trading.

Karthik

 

[karthikmarar]

Hi
I had some shares in KEC International. From what I understand KEC International became KEC Infrastructures and what was KEC Infra Structure became KEC Itnernational.

As a consequence the share price of the erstwhile KEC International dropped from ~300 to 30. The new entitry of KEC International has not been listed in the market. But will be at a future date and all members will receive a 1:1 share

Is this not the same as defrauding investors ? (since there is no firm date fixed .)

Hi hvram

At this moment we cannot say that it is defrauding the investors. All depends on the listing price of the new entity. It may really unlock some value for the investors. Infact if you look at the large amount of buying interest just before the restructing date, it would apear that the restructuring had found favour with the investors. The company expects the new entity to be list in about 4 -5 weeks time. In the case of Reliance also we had to wait for almost two months for the new stocks after the split to be listed. So keep your fingers crossed ..afterall it may prove quite profitable for you.

regards

Karthik

 

[karthikmarar]

Hello Karthik

Thanks for the sincere effort your are taking.

I have couple of queries on some stocks
Uttam Galva - Looks like a bounceback after a significant amount of time. How does it appear in the short term? <with the overall steel story looking good now>
Samtex Fashions - grossly underpriced. per its projected EPS of 9 it should quote at 54 Rs.


Would appreciate if you can comment on these two?

Abhijitz

Thanks for the kind words. Yes the recent "feel Good" talks about the steel industry has moved the Uttam Galva stock. However it is too early to say that a uptrend is on. Infact first it has to takeout the resistance at 42. There will be too much overhead supply at 46 , 49, 54, 59 etc. Right now it is only worth puting on your watchlist.

I will get back to you on the Samtex soon.

regards

Karthik

 

[karthikmarar]

Harmads

The construction stocks have moved up nicely yesterday with all the talk of the SPV for ryral Infrastructure. But the amount being talked about seems quite small. Anyway things will be clear today evening. Let us continue with our study our construction stocks…As said before our first look is at Nagarjuna constructions.

First let us look at Nagarjuna Construction. The main highlights for this company is listed below. These points themselves are enough to justify investment in this stock

The stock is currently quoting about 24 times the PE multiples of estimated FY-06 EPS of 12.7 and about 17 times the estimated FY-07 EPS of 18.
The current Backlog of orders is around 6000Cr. which will about three times the FY06 sales.

Sales and OPM growth has been more than 50% for the last three years.
Nagarjuna Construction has been ranked third amon.gst the fastest growing construction companies in India by Construction World-NICMAR study, and the fourth most admired company according to the Construction World reader survey. The awards are based on a mathematical model covering financial figures for the last five years across the construction Industry and vetted by a panel of industry experts.

Nagarjuna Construction had been included in the Forbes Asia's 'best under a billion' list of two hundred companies in the Asia Pacific region. The 'best under a billion' is an annual listing of Forbes Asia and features 200 of Asia's best enterprises with revenue under $1 billion a year and five year returns on capital of at least 5 per cent.
The current quarter has seen health order booking.

520 Cr. from NHAI for two section at NH.25 and NH.2
54.4 Cr. from SBI for construction of residential buildings
109.58 Cr. from NTPC Ltd for Barh Super Thermal Power Project
88.6 Cr from Chennai Metropolitan Water Supply & Sewerage Board
Rs 45 Cr. AD Hydro Power Ltd

Very recently the company has bagged a deal along with ICICI venture and bought a 6 acre plot at posh Banjara Hills locality at a cost of 335 crores.

Best regards

karthik

 

[Agilent]

Karthik,
Nagarjuna Constrn indeed is a good pick.

Let me supplement your writeup with the last one yr chart and financial highlights

By the way, the EPS figs you mentioned for 06 and 07 need to be rechecked I think
Quote

The stock is currently quoting about 24 times the PE multiples of estimated FY-06 EPS of 2.7 and about 17 times the estimated FY-07 EPS of 18.

Unquote
Having already risen over thrice in the past year, how much upside do you think there is in the scrip now ( of course the uptrend will continue)

Cheers
AGILENT

 

[Agilent]

Oooops Here's the attachment

AGILENT