Kohinoor foods

[marketguy]

Well I have been observing Kohinoor foods for quiet some time and lately the rice/agro stocks have started moving . But this stock hasn't moved much partly because temptation foods has been exiting this stock. If I look at the businees as such, has good prospects of growth and the company has lately been trying to diversify into packaged food business from the basmati rice business.

Any thoughts on this stock ???

-MarketGuy

 

[arnav_rulz]

A must Buy buy buy !! tracking this for a looong time... Started buying form 60 levels now avg is 50

Should reach 70 in near term after a close above 60 (vry imp!)

 

[krishna23]

keep in mind that the company has a debt of nearly 612 crores...

 

[marketguy]

Yep, Debt is surely a concern. The risk is always there in smallcaps. The food industry is a relatively unorganized sector in India and there will be growth opportunities in this sector. One needs to see how the mgmt will capitalize on these opportunites. One needs to look at the long term picture.
Another good pick in this sector is Agrotech foods(with lot of well known brands like sundrop, act II) but that has already runup a lot.
Am positive about the industry as a whole.
-MarketGuy

 

[arnav_rulz]

One may even look @ daawat, krbl (though already run up..) rallis, jvl agro and dcm shriram consolidated..

 

[arnav_rulz]

dcm up 10%

 

[arnav_rulz]

kohinoor today upper circuit

 

[marketguy]

Hoping it will hit some more

 

[bunny]

Good if it hits few more circuits, but also keep your guard on because the volumes have spiked.