Stock Idea: Sutlej Textile

This Birla group is also engaged in production of Poly/viscose yarn. Company also has weaving division, engaged in export of textile fabrics. Sutlej has its own process house , also produces Furnishing fabrics and captive use power plant. Sutlej has nearly 3 lac spindles and 2nd biggest in India:

Sutlej Textile too had reported loss in 2008-09 due to lower yarn prices, less demand and its fabric division was also incurring heavy losses. However, Sutlej has staged massive turnaround in 2009-10 with PAT of 26.31 cr translating into EPS of 24.10 crs. Like RSWM, Sutlej too makes large provision for depreciation and CASH Eps stands at 85.36.

Sutlej commissioned its 10mw power plant in Q3 of 09-10. Sutlej will report best ever results in current year as its fabric divison has stopped making losses and yarn  division is reporting huge profits. Networth as on 31.03.2010 is Rs 145 cr and current market cap is also 175 Cr

Co is likely earn CASH PROFIT of 200 cr in 09-10 and 10-11 against market cap of just 175 cr Stock is trading at: 3.88xFy11E Eps  1.60xFy11E Cash Eps Market cap is just 13.50% of Fy11E sales At curent levels, Sutlej is gross underpriced. Birla group company available at such  tempting valuations. Scrip can go to 215/ in less than 2 months, can be 250/ in 6 months and Rs 350/ in 15-18 months.

Source: Internet (Valuenotes by ProfitTrack)

Stock Idea: NGL Fine-Chem Ltd.

NGL Fine-chem Ltd is a manufacturer of pharmaceuticals and intermediates for usage in veterinary and human health. Company caters to various global companies to custom manufacture high quality pharmaceuticals with reliability and flexibility. Utilizing its expertise in complex multi-stage organic synthesis, company continues to expand their product portfolio with new products. Company has established a strong presence in global pharmaceutical companies with its commitment to competitive prices, delivery schedules, international quality standards and constant technological upgradation. The Company was incorporated on December 18, 2981 as a Private Limited Company in the State of Maharashtra. The Company became a Deemed Limited Company by virtue of Section 43A of the Companies Act, 1956 on 29.12.1993 and the necessary alternation to the Certificate of Incorporation was duly obtained from the Registrar of Companies, Maharashtra. The Company has deleted the restrictive clauses in the articles of association by passing a special resolution on May 20,1994 and has become a Public Limited Company. The Company has got its registered office and factory at New Bombay. The Company was promoted by Mr. A.G.Lawande, Mr.R. J. Nachane joined Mr.A.G.Lawande for actively participating in the management of the company in 1989.

It has an equity base of Rs.3.09crore that is supported by reserve of around Rs.8crore leading to a book share value around Rs.22.10. The promoters hold 66.68%, non promoter corporate bodies hold 11.85% while the investing public holds 21.46% stake in the company.

For FY10, it recorded net sales of Rs.28.02crore with net profit of Rs.2.71crore against net sales of Rs.24.63crore with net profit of Rs.1.68crore in FY09. (Net profit zoomed 61% on yearly basis). The FY10 EPS was Rs.4.36. At current level, the stock is available at a forward P/E multiple of just 5.55.

NGL FIN CHEM Stock is looking good for short term investment.

Targets:

Rs. 45/- to Rs.60/- in Short Term & Rs. 60 to Rs. 80/- in Long Term

Source: Internet (Valuenotes by Profittrack)

Intraday Trading Calls for 15th July

Indian Stock Market may open flat to positive and remains very volatile for the day today.
Today's Intraday Stock Tips / Trading Calls (Keep strict Stop Loss for Each Trade):

SCRIP NAME	TRIGGER	PRICE	TARGET 1	TARGET 2
CAIRN INDIA	Buy Above	317.25	320.45	324.00
	Sell Below	315.00	311.15	307.00
PURVANKARA	Buy Above	116.25	121.55	127.00
	Sell Below	113.70	108.55	105.00
BRFL	Buy Above	260.65	266.15	272.00
	Sell Below	257.40	252.35	247.00
WALCHAND NAGAR IND	Buy Above	228.20	234.65	241.00
	Sell Below	225.05	220.35	214.00
VIDEOCON INDUSTRIES	Buy Above	213.75	220.05	226.00
	Sell Below	211.30	206.50	202.00
IRB INFRA	Buy Above	272.70	278.55	285.00
	Sell Below	269.40	264.35	259.00
APTECH LTD.	Buy Above	151.25	156.45	162.00
	Sell Below	148.45	144.20	140.00

GOOD LUCK