Tuesday, January 5, 2010

Stock Idea: Kohinoor Food

This maker of basmati rice is sure to end current fiscal in the black. If we all are complaining about the rising costs of food, companies which get the food onto the super markets and shops are the ones who stand to gain the most. And that is what we see reflected in the financial performance of Kohinoor.
Reduction of expenses and making no provision for deferred tax has helped the company show a much better profit margin. For the time in Q2FY10, it was crossed the 2% mark and was at 3.49%.
Monsoon was bad in the first half and that has surely affected the kharif crop. A shortage of around 10-12% is estimated for non-basmati rice but basmati crop has been very good and this is expected to be over 50% higher than last year. The company exports 80% of its basmati rice and there the realisations have been higher. To curb prices of non-basmati, the Govt is importing rice and this will prevent any spike in the prices. So for Kohinoor, the earner will be exports of basmati rice. If the Govt bans exports to curb prices, then the going will get tough for the company, which is what affected the performance last fiscal.
Undoubtedly, the company would end FY10 on a much higher note. And that is what we are seeing in the stock price, which has been soaring high for some time now.
Source: Internet (by S P Tulsian)

Intraday Trading Calls for 05th January

Indian Stock Market may open positive and remains very volatile for the day. Some profit booking expected 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

PRAJ INDUSTRIES

Buy Above

108.60

113.70

118.00

Sell Below

106.35

102.25

98.00

TRIVENI ENG.

Buy Above

112.75

117.55

122.00

Sell Below

111.05

107.35

102.00

APTECH LTD

Buy Above

193.25

198.15

204.00

Sell Below

191.40

187.45

182.00

CEAT LTD.

Buy Above

150.00

154.75

160.00

Sell Below

148.30

144.10

140.00

CAIRN INDIA

Buy Above

286.50

292.40

297.00

Sell Below

284.05

279.65

275.00

GODREJ INDUSTRIES

Buy Above

187.60

192.70

198.00

Sell Below

185.50

181.65

178.00

SELAN EXPLO

Buy Above

355.25

363.55

372.00

Sell Below

348.05

341.70

332.00

Short to Medium Term Delivery Buy: COMPACT DISC (526141) CMP Rs. 65/- Target Rs. 90-115-140/-. (Multibagger)

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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