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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, 2008The 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.

3 Responses

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

    […] Buy Asian Electricals […]


  2. 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


  3. 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..


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