Tuesday, April 27, 2010

Stock Ideas: TIL Ltd., Indian Nippon, GNFC, Jyoti Lab, Punj Lloyd

TIL Ltd (Rs. 354.00) (Code : 505196) At present the company is associated with a strategic business group and its business includes material handling, construction, power systems and mining. During the Q3 ended in the sales of company has increased to Rs. 210.64 crores with growth of 11 % and its net profit also increased to Rs. 6.28 crore with a rise of 19 % It is highly expected  that during the CY 2010 the company may earn the net profit of Rs. 34 crore with  the sales of Rs. 811 crore and will achieve the EPS of Rs. 34. earing the PE of only 7.5 this scrip may spurt anytime.

Indian Nippon (Rs. 241.00) (Code : 532240) The company is a joint venture of Lucas group and Hitachi group. During the Q3 ended in December the company has earned the net profit of Rs. 4.04 crore with sales of Rs. 41.55 crore and also achieved the EPS of Rs. 20. The company has very tiny equity of Rs. 8.08 crore which is the main attraction for the investors, hence they are recommended to include this scrip in to their portfolio for short term.

GNFC (Rs. 117.00) (Code : 500670) Owned by Gujarat government this company is mainly engaged in production of basic chemicals like Methanol, Acetic acid, TDI, cane and ANP. The company has chalked out a capex plan of Rs. 4000 crore for its up gradation and diversification. The company has market cap of Rs. 1764. 2 crore. During the Q3 ended in December the company has earned the net profit of Rs. 59.7 crore with sales of Rs. 765.9 crore which suggests the EPS of 3.8. Investors are recommended to add this scrip in their portfolio for mid to long term investment.

Jyoti Lab (Rs. 171.00) (Code : 532926) This company is mainly engaged in production of fabric care, household, insecticide, fragrance, personal care and its allied business. The company during last five years has achieved the7 % growth in its top line and 10 % growth in its bottom line. It is expected that during the next two years the company will achieve the growth of 18 to 19 % in its sales, net profit and EBITDA margin. The debt free company has very robust cash balance of Rs. 100 crore. Investors are recommended to grab this scrip at present price as it is quoted at 14 multiple of estimated income of 2010-11.
Punj Lloyd (Rs. 168.00) (Code : 532693) The second largest engineering and procurement company may get maximum benefit of investment from Indian as well as some overseas companies. For the last so many months company has witnessed some recovery in its order book which may provide the best prospectus to the company for the next two-three years. At present the company has orders of hefty amount of Rs. 26305 crore in its kitty. During the Q3 ended in December company has earned the net profit of Rs. 12.47 crore with the sales of 2903.97 crore. The share, at present available at the book value of 105, is quoted at PE of 1.74. Investors are recommended to grab this scrip at every dip.
Source: Internet (SmartInvestment)

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