Monday, June 23, 2008

Stock Idea: Marg Ltd.

Marg Ltd has posted excellent results for the year ended 31/03/08. The company had an exceptional Q4 and that has reflected amply in the overall performance for the full year.
For FY08, it reported a 95% surge in net sales at Rs.242.75 crore and despite a 97% rise in operating expenses, it managed to post an EBITDA of Rs.91.84 crore, a rise of 95%. PBT was up by a whopping 117% at Rs.83.53 crore and PAT was even better, it went up by 125% at Rs.67.44 crore. On an equity of Rs.25.61 crore, it managed to post a very healthy EPS of Rs.31.88 as against Rs.28.76 in FY07.
The company has had a phenomenal Q4. Its net profit was more than the combined net profit of the previous three quarters. And this is precisely how the company managed to end the fiscal FY08 on such a resounding note.
In the latest development, the Government of Tamilnadu has selected the company for developing a minor port at Cheyur, Tamil Nadu for handling coal for power generation besides other cargo. It is also setting up a fishing harbour on a Public-Private-Partnership model at Rajakamangalam Thurai in Kanyakumari, Tamil Nadu, expected to be completed by 2010 through a Special Purpose Company already formed in the name of Rajakamangalam Thurai Fishing Harbour Private Ltd. A trust formed by the public of Rajakamangalam holds 51% stake in the Special Purpose Company. The company has struck a very innovative deal wherein, as per the agreement, the fishermen shall have to give 10% of their catch to the Special Purpose Company for availing the services of the harbour which in turn shall sell to exporters or any other person.
Currently quoted at Rs.187, stay invested.
Source: sptulsian.com

Intraday Trading Calls for 23th June

Indian stock Market is likely to starts recover after gap down opening today. But market will remains very volatile this week as it is expiry week.
Today's Intraday Stock Tips/ Trading Calls:
Buy at Decline (For Intraday):
CAIRN INDIA
JP ASSOCIATES
YES BANK
RPL
HCL TECH
SATYAM COMPUTER
Today's Watch List: Selan Exploration, Hind Oil Exploration and Cairn India may bounce back as crude oil trading at $136 again.
IT & Tech Sector may also see a good bouce back as ruppee is going to more weaker now and may touch the Rs. 44/- against $1 soon. So Keep an eye on Infosys, Satyam, NIIT Tech, Mphasis, Rolta, Wipro, TCS, Tech Mahindra, Prithvi Info etc.
Good Luck

Disclaimer

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