Posted on February 3, 2011
by Ali Rampurwala
February 4, 2011
>An example of how risky investing in the equity markets is. One of my recommendations above (posted yesterday), had its offices raided in India by tax authorities today. The stock got hammered and closed at the lower circuit – 20%.Happy Investing !!
February 19, 2011
Allied Digital Services Ltd has informed BSE regarding a Press Release dated February 18, 2011 titled “Allied Digital board approves Buy-back of equity shares up to maximum offer price of Rs 140 per share”
March 18, 2011
SP Tulsian, sptulsian.com is bullish on Piramal Glass, Gabriel, Empee Distilleries.
Q: Piramal Glass, what is the story with that one?
A: If you see in FY09, the company had posted a net loss of over Rs 100 crore, precisely it was Rs 107 crore. Then in FY10 they posted a meager net profit of about Rs 3 crore. Now, if you go by the financial performance of first nine months, the profit after tax (PAT) has already been posted by the company of Rs 60 crore.
Its overseas subsidiaries in US and Sri Lanka have started contributing to the bottom-line of the company. Earlier the Sri Lankan subsidiary was a drain on the bottom-line of the company. The US company was acquired by Piramal Glass couple of years back and it has also stabilised.
Post rights issue, the company has been able to deleverage their balance sheet. Now, it seems that with the debt/equity ratio of close to one-to-one, promoter stake of 73%, with pedigree of Piramal Group, the company is back on track. One can comfortably say that for FY11 the earning per share (EPS) is likely to be more than Rs 10.
For FY12, infact the EPS could jump to about Rs 14-15. If you go by the present market price on a forward earning at 6-7 P/E multiple, market is finding this stock quite interesting. That is the reason for having positive view.
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