Buy Asian Electronics Ltd

Quotes with Resistance & Support

Market Information

Buy Asian Electronics Ltd

This Short Term Call was posted on Jun 15, 2008

Buy Asian Electronics, Current market price: 119, target 144. 52 week high/ low: 590/ 102, P/E Ratio: 6, EPS (Rs.): 31.41, DIV Yield: 1.20% as on 13 June 2008.

Industry: Electric Equipment

Over the past few years the company has been posting good results, the stock was in a downtrend form Febuary to June and touced a low of 102 on 10th June. Since then the stock is in a upward trend. Following is the glimpse of profit made by the company in the last 4 years.

Year	Mar 07	Mar 06	Mar 05	Mar 04
Profit Before Tax	76.86	21.98	11.02	7.82
Tax	10.42	-2.60	0.43	3.18
Profit After Tax	66.63	25.15	10.78	4.63

Companies website: http://www.aelgroup.com/

1 year chart of Asian Electronic, compared with Nifty:

One year chart compared with Nifty

Recent news updates:
May 30, 2008 – The Board has approved disposal of investment of its 49% stake in the sharecapital of its Joint Venture Company abroad called STS PCB Ltd, Ireland.

May 29, 2008 –The board of Asian Electronics has approved disposal of investment of its 49% stake in the share capital of its joint venture company abroad called STS PCB, Ireland.This was apprrved at the board meeting held on 29 May 2008. Asian Electronics Ltd has informed the Exchange that “The Board ofDirectors at its meeting held on 29th May, 2008 has approved disposal ofinvestment of its 49% stake in the share capital of its Joint VentureCompany abroad called STS PCB Limited, Ireland.”

May 15, 2008 – Asian Electronics Ltd has informed the Exchange that “Winding uppetition filed by Global Trade Finance (Petitioner) against AsianElectronics Ltd.(Respondent) in Mumbai High Court has been dismissed byHon’ble justice S.C. Dharmadhikari, vide Order dt. 2nd May 2008”.

Glimpse of Quartely results:

Year	Dec 07	Sep 07	Jun 07	Mar 07
Type	3 Qtr	2 Qtr	1 Qtr	4 Qtr
Sales Turnover	44.36	96.61	83.85	150.21
Other Income	1.08	0.90	0.65	1.31
Total Income	45.44	97.51	84.50	151.52
Total Expediture	32.40	55.92	44.75	105.71
Operating Profit	13.04	41.59	39.75	45.81
Interest	6.39	5.44	5.10	4.01
Gross Profit	6.65	36.15	34.65	41.80
Depreciation	2.64	2.46	2.50	2.48
Tax	0.58	3.84	3.78	10.50
Reported PAT	4.04	29.82	28.44	31.55

Note: Please read our Disclaimer before making any investment in the above mentioned stock.

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3 Responses

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Short Term Calls » Nse Guide Says:
June 15th, 2008 Posted at: 7:45 pm

[…] Buy Asian Electricals […]
viral joshi Says:
July 7th, 2008 Posted at: 9:31 am

sir / madam ,

i am holding Asian Electronics 2000 qty. @ rs. 230

sould i hold?

can i got am entry level back ?

can it touch rs.300?

any suggestion?

in what time period it can touch 230 level agian ?

pls sir guide me this..

thanks
viral joshi
CB Says:
July 7th, 2008 Posted at: 9:45 am

Hi viral, hold this stock for a yrs time.. As of now FIIs have huge positions in this stock and they may sell it at any time if they wish to.. it is a good company and is posting good results YoY..