ALOK INDUSTRIES (BSE CODE 521070)
Alok Industries is engaged in textile business and is promoted by Jiwarajka group. Various financial institutions like LIC, City Group, IL&FS and Aviva Insurance have substantial holdings in the company.
The company has been making substantial profits and despite overall poor economic conditions the world over, the company has declared good profits and EPS. The EPS was 11.40 for FY 2007-08 and the company manage to clock EPS of 10 for 2008-09. The company holds substantial reserves and the book value is almost 57 per share.
During the last 12 months the share price saw a high of Rs.57.00 and low of around Rs.11.00. (Source : BSE Site). Presently the share is quoting around Rs.25.00 which is just at 2.5 P.E. multiple when the BSE average is more than 10. Conservative investors may consider investing in this share with a clear horizon of 2 years and can expect a return of about 30-40 percent gains. They may see the gains even faster also. A stop loss of 40 percent (say Rs.16.00 or so) may be maintained.
Die hard investors may consider averaging, if the stock price falls very steeply. This stock may have been recommended by others also but our studies are independent.
Kindly note :
a) We advise only regarding fundamentally strong and performing companies. The companies may be mostly profit making and in a few cases, they may be turn around companies.
b) Please go through our fundamental analysis carefully, verify the facts and figures (if you need to) and only then invest.
c) We expect investors to have a time horizon of at least one year and more.
d) We do not advise for short term investing, which is risky.
e) Despite all these, we do not take any responsibility for your financial matters. Investment is solely your decision.
(AJAY SINGH RATHORE)
KASHIWALA
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6 comments:
welcome back after a long time kashiwala ji. your inputs once again for spel semiconductor. i am still holding it and seems quite good on charts. now in budget, there might be funds raising for semiconductor industry too, will it boost this stock too? share your views too. Regards Ambrish
We have been accumulating SPEL. Our least price was about Rs.9.00. Some of our group booked profit at 15.00 levels recently. Majority are holding. No body expected the extended bearish phase which we saw during the entire 2008 and early part of 2009. Now things are looking up.
grtt. even i was of the same thinking. me too holding 5k shares now :) booked partial profit at 15-16 levels.
Kashiwala ji, Welcome back. I'm regularly follow your views which r based on facts & figures. Your views on Opto circuits pl.
Opto Circuits is "A" group company where shares are widely held. FIIs have substantial holdings in the company and other institutions are holding shares. The company is regularly making profits and may end up FY 09 with an eps of over 18.00 (considering the overall performance). The share had an high of about 370 during the last 12 months and low of 70.00. It is in F&O segment. Considering this, you may use your discretion and HOLD. You have not stated your purchase price. If it falls down more than 30% from the current levels, you may consider averaging. Use your judgement.
another gud script of yours i suppose is west coast paper mills. Owner is increasing their stake and reducing public/FII . Also, new unit has already begun operation from march/april 2009 onwards. I suppose this can cross 100 easily once trigger comes.
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