Intraday calls for 21-07-11
Markets likely to open flat, Support at 5540 and resistance at 5620.
Buy ITC on dips
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Om Says:
July 21st, 2011
Posted at: 12:14 pm
Thanks CB :)
CB Says:
July 21st, 2011
Posted at: 12:15 pm
Hi Om, most welcome.
sunny Says:
July 21st, 2011
Posted at: 12:17 pm
hi CB. please suggest on 5600CE bought at 52. I have 15 lot
CB Says:
July 21st, 2011
Posted at: 12:18 pm
Hi sunny, hold ce with sl at 5540 for now.
sunny Says:
July 21st, 2011
Posted at: 12:19 pm
thanku so much
CB Says:
July 21st, 2011
Posted at: 12:21 pm
Hi sunny, most welcome.
shiva Says:
July 21st, 2011
Posted at: 12:21 pm
CB..intraday target for hexaware?? book profits?
CB Says:
July 21st, 2011
Posted at: 12:22 pm
Hi shiva, book near 79.5
akalya Says:
July 21st, 2011
Posted at: 12:23 pm
dear cb will crompton touch 180 today??
CB Says:
July 21st, 2011
Posted at: 12:23 pm
Hi akalya, yes. likely to
CB Says:
July 21st, 2011
Posted at: 12:24 pm
ill be back in 1 hour.
rashmin Says:
July 21st, 2011
Posted at: 12:24 pm
hi cb. i have buy infosys 2750ca & bhel 1950ca. can i hold it?
rameshb Says:
July 21st, 2011
Posted at: 12:27 pm
Hi Kb, any particular pick for bull run?
Gitanjali Says:
July 21st, 2011
Posted at: 12:29 pm
Hi Kb, can we go long in crompton or ranbaxy or lupin..pl?
CA.Tejas Says:
July 21st, 2011
Posted at: 12:32 pm
Stock Report on Narmada Gelatin Gud to invest for long term point of view....
Narmada Gelatin is a 50 years old company from Shaw wallace group and it manufactures Gelatin. It's product, Gelatin is mainly used in food and pharma industry. It is a debt free entity and is available at very attractive stock valuations.
Company had sales of about Rs.91 crore, it was up by 10% in the same period last year. Profit after tax (PAT) was up by about 15% to Rs9.5 crore. Company has a small equity base of Rs.4 crore. EPS for FY11 was Rs 23.50. At the current stock price of Rs 100, the stock trades at PE of 4.25
If you take a look at the balance sheet of the company it shows that Narmada Gelatin is a totally debt free company. Net current assets are close to Rs 26 crore as in FY10. The company has investments of Rs 5.5 crore in mutual funds. After adding profit for FY11 into this, the total current assets and cash swells to around Rs.41 crores. With current assets of about Rs.41 crores, the market cap of this debt free company is at Rs 40 crores. This means the business of a company is available virtually free of cost.
The promoter's holding in this stock is 75%. The recent dividend of Rs.4 puts dividend yield at 4% at current stock price of Rs.100 The book value of the stock is Rs.140
Products of Narmada Gelatin are used in Pharma and food industry (FMCG), that makes it a recession proof business.
Shaw Wallace group has been selling it's many businesses in recent few years. Narmada Gelatin is a good dividend yielding stock with steady growth. If the company is old by Shaw Wallace group, lots of value unlocking would take place.
All in all, it is a good small cap stock to buy
Akash Says:
July 21st, 2011
Posted at: 12:43 pm
Hi CB, I have 5 Ricoh India. Is it good for loing term? Also, can I buy 5300 CE at CMP 4.5? Target 12+