Thursday, April 9, 2009

Thermax Ltd.: Good Investment

The financial performance of Thermax for the third quarter ended 31st Dec 2008, on a QoQ has been better than its performance when compared on a YoY. Q3 net sales QoQ was down marginally by 1.12% at Rs.795.06 crore while it was down 6% YoY. The company managed to show a lower operating expense despite a forex loss of Rs.10.60 crore. Net profit for the quarter, on a QoQ was up 27% at Rs.72.30 crore, which on a YoY was down 4%.

Net profit YoY might have come down but the profit margins have been better. NPM was at 9.09% as against 8.87% in Q3FY08.

It has an order book of Rs. 4,103 crore as of December 31, 2008. The company has stated that given the prevailing economic conditions coupled with the credit squeeze, many industries are reviewing their capital expenditure plans. Orders would come in but yet, the order execution, due to the slowdown and the liquidity scenario might get staggered or even cancelled. The company expects execution of orders slowing down and in Q4 it does not expect the situation to be any different from what it was in Q3.

Despite the flat or slowdown in growth predicted by the company, Thermax is a good investment on three counts – firstly its orders to the power sector will not get unduly affected as power remains a priority sector for growth. Secondly, it is a zero debt company, a rare breed to come across in today’s time and thirdly, with inflation down, its costs would come down further, which in turn would help maintain the bottomlines.
Source: sptulsian.com

Intraday Trading Calls for 09th April

Stock Market India may open Positive but will trade in small range and see some profit booking at higher levels.

Today's Intraday Stock Tips / Trading Calls (Keep strict Stop Loss for Each Trade):

SCRIP NAME

TRIGGER

PRICE

TARGET 1

TARGET 2

SCI

(523598)

Buy Above

86.25

90.10

95.00

Sell Below

84.15

81.25

78.00

MICRO TECHN

(532494)

Buy Above

83.60

88.15

94.00

Sell Below

81.40

78.35

75.00

MIC ELECTRO

(532850)

Buy Above

25.75

27.55

30.00

Sell Below

24.70

23.10

22.00

CAIRN INDIA

Buy Above

205.80

210.35

215.00

Sell Below

202.40

197.55

192.00

VIDEOCON INDUSTRIES

Buy Above

105.25

109.40

114.00

Sell Below

102.55

99.45

95.00

CORE PROJECTS

Buy Above

70.60

74.05

78.00

Sell Below

68.40

65.15

62.00

3I INFOTECH

Buy Above

37.80

40.10

43.00

Sell Below

36.35

34.25

32.00

Short to Med Term Delivery Buy:

COMPACT DISC (526141) CMP Rs. 38/- Target Rs. 48-55/-.

GOOD LUCK

Disclaimer

The information in this publication is provided by http://www.moneybazzar.blogspot.com/ is intended for use for Readers & Traders . Every effort is made to provide accurate information, but http://www.moneybazzar.blogspot.com/ cannot guarantee the accuracy of the information or of the market analysis. This is a newsletter and is for informational purposes only. It is not a solicitation or offer to buy or sell futures. There is a high risk of loss in trading futures. You should not trade with money that you cannot afford to lose. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on this newsletter. The past performance of any trading system or methodology is not necessarily indicative of future results.



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