Monday, December 21, 2009

Stock Idea: Thermax Ltd.

The going has been good for this Pune-based energy and environment solutions provider. All those skeptics who had written away the company when the orders were down, due to the slowdown, would now be eating their words. With things improving, the order book of the company has also gone up. The latest was the Rs.477.77 crore orders for constructing and commissioning a turnkey captive power plant for its ferro alloy unit in Orissa. And prior to this, during the fag end of Q2FY10, it had won an independent power project worth Rs.1000 crore from Andhra Pradesh.
The company currently has an order book of Rs.5060 crore of which Rs.4400 crore came from domestic and Rs.650 crore from international. Another Rs.1500 crore to Rs.1600 crore worth of orders are expected to be clocked by end of current fiscal. A look at the distribution of the order book shows that 80% of its revenue comes from energy sector. The balance comes from cement, food, textiles, metals and municipal corporations.
For H1FY10, though the performance remained subdued, QoQ, the numbers have improved. Q2 has been better and this shows that things are slowly but surely improving. For H1FY10, net sales was at Rs.1217.96 crore and net profit was at Rs.100.61 crore. In FY09, net sales was at Rs.3264.35 crore and net profit was at Rs.287.29 crore. Clearly, for FY10, the company will have a topline and bottomline growth at almost the same levels or maybe a tad lower. Though the order book is getting better, the actual translation of these numbers into topline growth would begin only from next fiscal, ie: FY11.
Source: Internet (www.premiuminvestments.in by S P tulsian)

Intraday Trading Calls for 21st December

Indian Stock Market may open flat to positive and remains positive for the day today with very high volatility.

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

SCRIP NAME

TRIGGER

PRICE

TARGET 1

TARGET 2

JYOTI STRUCTURE

Buy Above

161.25

165.35

170.00

Sell Below

159.15

155.40

150.00

VIDEOCON INDUSTRIES

Buy Above

221.65

226.70

232.00

Sell Below

219.50

215.20

210.00

IDFC

Buy Above

153.75

157.10

161.00

Sell Below

152.45

149.35

145.00

DCHL

Buy Above

158.75

163.45

168.00

Sell Below

157.30

152.60

148.00

3I INFOTECH

Buy Above

83.10

86.25

90.00

Sell Below

81.70

78.35

75.00

APTECH LTD.

Buy Above

178.60

183.55

190.00

Sell Below

176.45

172.40

168.00

ADSL

Buy Above

230.55

236.45

242.00

Sell Below

228.40

222.30

216.00

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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