Some Good Steals...

[roneeth]

Fantastic, Roneeth! 197-199 are crucilal to cross and 191-195 important supports. Do trail stop this time, especially above 205.

Hello Amit!

Yes i will do that....Thanks .

Regards

Roneeth

 

[roneeth]

Hello Amit!

What is your regarding Finolex Industries?Had entered at 82....
cmp is 72.
I see that it is at its support 72.5..If it dips furthur next support is at 70???

What do you suggest?

Thanks

Roneeth

 

[AMITBE]

Hello Amit!

What is your regarding Finolex Industries?Had entered at 82....
cmp is 72.
I see that it is at its support 72.5..If it dips furthur next support is at 70???

What do you suggest?
Thanks
Roneeth

Hi Roneeth...this one again you should have let go much earlier...I'd taken profits at 87.
At this time it's looking weak and breaching 71-72 may slip to 67-69. WIll be better above 75.
If you have any doubt about stop levels do ask here.
It's going to be a wait or now.
Regards.

 

[VICKY_SEEKINGINR]

Hi amit..

wat is going on with mkt..
what 2 buy?

Today nice move in titan

 

[AMITBE]

Hi amit..

wat is going on with mkt..
what 2 buy?

Today nice move in titan

To buy nothing, Vicky. If in position and profit, trail stop very tightly. There is still no confirmation of a reversal...far from it.
Yes, Titan is fantastic, but too high now, even for a quick in out, for today.
Cheers.

 

[sujarouf]

Hi Suja..not a lot to update here.
Hotline continues to sruggle at 12 plus for now. It has to close above 13 for better looks and then 15 with volume to regain the trend.
Vishal is now at danger levels and has to move above 7.50 at least for safety.
Facor Alloys is in unchartered zone to the lows and pulling up to safety over 8 appears distant at this point.
Facor Steel has gained suddenly and wait for confirmation over 8.50-9, as here stablity is better. Still a lot of work to here.
I'm afraid the wait may be long yet, Suja. I'm not aware of the fundamentals of any of these, but if they are sound you should be able to pull your money out without loss eventually. Take it as a lesson learnt for stopping out and trail stopping, and let me tell you, no one has ever escaped the pain of being trapped high. Past this, do build on your experience and have a strategy in place. It's awfully easy to do and absolutely vital.
Good luck and do post updates.

Hi Amit
Wish you a VERY HAPPY DIWALI.

Here is the update as on 31st Oct, 05
Hotline Glass 500195 CMP 10.77 Holding 3000 @ 13.53
Vishal Exports 532618 CMP 6.67 Holding 5000 @ 7.10
Facor Alloys 532656 CMP 5.53 Holding 4300 @ 10.40
Facor Steel 532567 CMP 9.70 holding 2500 @ 10.60

I did learn a good lesson. Facor steel gained 20% from last close of 8.09. Planning to sell in the next trading day, what is your advice? Hotline Glass I sold at 11.00 and squared up today at 10.76. Facor Alloys I sold today at 5.90 and squared up at 5.60. Actually I made a blunder earlier when the prices were falling, I did not trade expecting some pull back.

Regarding fundamentals the details are as follows:

Facor Alloys and Facor Steels are newly listed companies.
Scrip Code : 532656 Company Name : FACOR ALLOYS
Type UnAudited UnAudited
Date Begin 01 Jul 05 01 Apr 05
Date End 30 Sep 05 30 Jun 05
Description Value(Rs. million)
Net Sales 237.6 480.56
Other Income 27.07 12.92
Total Income 264.67 493.48
Expenditure -179.92 -413.12
Operating Profit 84.75 80.36
Interest -15.25 -8.64
Gross Profit 69.5 71.72
Depreciation -8.01 -8.01
Profit before Tax 61.49 63.71
Tax -0.24 -0.22
Profit after Tax 61.26 63.49
Net Profit 61.26 63.49
Equity Capital 115.17 115.17
EPS 0.32 0.34
Nos. of Shares - Non Promoters 28239096 14100165
Percent of Shares - Non Promoters 24.52 12.24

Scrip Code : 532657 Company Name : FACOR STEELS
Type UnAudited UnAudited
Date Begin 01 Jul 05 01 Apr 05
Date End 30 Sep 05 30 Jun 05
Description Value(Rs. million)
Net Sales 895.69 1090.65
Other Income 28 3.31
Total Income 923.69 1093.96
Expenditure -872.84 -1059.03
Operating Profit 50.85 34.93
Interest -12.12 -11.46
Gross Profit 38.72 23.47
Depreciation -7.76 -7.68
Profit before Tax 30.97 15.79
Tax -0.22 -0.2
Profit after Tax 30.75 15.59
Net Profit 30.75 15.59
Equity Capital 118.8 118.8
EPS 0.15 0.08
Nos. of Shares - Non Promoters 7050086 7050086
Percent of Shares - Non Promoters 5.93 5.93


Scrip Code : 500195 Company Name : HOTLIN GLASS

Type UnAudited UnAudited UnAudited
Date Begin 01 Apr 04 01 Apr 03 01 Apr 02
Date End 31 Mar 05 31 Mar 04 31 Mar 03
Description Value(Rs. million)
Gross Sales - - 491.4
Excise Duty - - -68.4
Net Sales 905.2 1057.9 423
Other Income 10 4.3 5.1
Total Income 915.2 1062.2 428.1
Expenditure -639.5 -824.4 -371.5
Operating Profit 275.7 237.8 56.6
Interest -68.8 -61.3 -56.1
Gross Profit 206.9 176.5 0.5
Depreciation -101.8 -107.2 -97.5
Profit before Tax 105.1 69.3 -97
Tax -34.2 -31.9 31.8
Profit after Tax 70.9 37.4 -65.2
Net Profit 70.9 37.4 -65.2
Equity Capital 799.6 799.6 799.6
EPS 0.89 0.47 -0.82
Nos. of Shares - Non Promoters 34986439 33046659 35353749
Percent of Shares - Non Promoters 43.73 41.31 44.19

Scrip Code : 532618 Company Name : VISHAL EXPO

Type UnAudited
Date Begin 01 Apr 04
Date End 31 Mar 05
Description Value(Rs. million)
Net Sales 26477.05
Other Income 3.95
Total Income 26480.99
Expenditure -25722.69
Operating Profit 758.3
Interest -353.48
Gross Profit 404.82
Depreciation -29.3
Profit before Tax 375.52
Tax -121.46
Profit after Tax 254.05
Net Profit 254.05
Equity Capital 120
EPS 2.12

Scrip Code : 532618 Company Name : VISHAL EXPO

Type UnAudited UnAudited UnAudited
Date Begin 01 Jul 05 01 Apr 05 01 Jan 05
Date End 30 Sep 05 30 Jun 05 31 Mar 05
Description Value(Rs. million)
Net Sales 8781.01 8698.29 8958.37
Other Income 3 2.73 -
Total Income 8784.01 8701.01 8958.37
Expenditure -8538.02 -8486.39 -8738.61
Operating Profit 245.98 214.62 219.76
Interest -91.32 -83.35 -95.66
Gross Profit 154.66 131.28 124.1
Depreciation -9.93 -9.72 -9.79
Profit before Tax 144.73 121.56 114.31
Profit after Tax 144.73 121.56 114.31
Net Profit 144.73 121.56 114.31
Equity Capital 360 120 120
EPS 0.4 1.01 0.95
Nos. of Shares-Non Promoters 160153290 34500000 30000000
Percent of Shares-Non Promoters 44.49 28.75 25

These data was collected from BSE site.

Out of all the four, I think Vishal is fundamentally more sound company.

Best regards

Suja

 

[kkrish68]

Wish you all a very Happy Diwali and a very prosperous New Year.

Warm regards
Kishore

 

[AMITBE]

Wish you all a very Happy Diwali and a very prosperous New Year.

Warm regards
Kishore

Hi Kishore, wish you and your family the same!
Have a great New Year!

 

[VICKY_SEEKINGINR]

Hi amit..

Happy Diwali

 

[AMITBE]

Hi amit..

Happy Diwali

Hi Vicky, Happy Diwali to you too...and best wishes with the Muhurat Trades!
Best wishes.