We had made our earlier post regarding Navneet Publications wherein, inter-alia, we had mentioned that the company is a bonus candidate.
We are given to understand that the Company is shortly going to consider issue of bonus shares and the prices of the shares are expected move north.
KASHIWALA
Thursday, July 16, 2009
NAVENEET PUBLICATIONS (FOLLOW UP)
We had made our earlier post regarding Navneet Publications wherein, inter-alia, we had mentioned that the company is a bonus candidate.
We are given to understand that the Company is shortly going to consider issue of bonus shares and the prices of the shares are expected move north.
KASHIWALA
We are given to understand that the Company is shortly going to consider issue of bonus shares and the prices of the shares are expected move north.
KASHIWALA
NAVNEET PUBLICATIONS (FOLLOW UP)
We had made our earlier post regarding Navneet Publications wherein, inter-alia, we had mentioned that the company is a bonus candidate.
We are given to understand that the Company is shortly going to consider issue of bonus shares and the prices of the shares are expected move north.
KASHIWALA
We are given to understand that the Company is shortly going to consider issue of bonus shares and the prices of the shares are expected move north.
KASHIWALA
Saturday, June 20, 2009
WIPRO
WIPRO
Wipro needs no introduction. It is one of the best “A” group blue chip shares. The company’s substantial revenues come from Software exports and other technology related products including BPO etc. The company has also got a consumer care division with products like lighting, soaps (Santoor soap) etc.
The company has a share capital of Rs.292 crores made up of about 146 crore equity shares of Rs.2.00 each. Of the above, holdings of the promoters’, institutions and other body corporates make up over 90%. The remaining about 10% or 14 crore equity shares are in the market. A sizeable portion of this is held by some die-hard fans of Wipro who do not want to part it because they regard it as family jewel.
The company ended up the FY 09 with a consolidated profit of about 3900 crores, with an EPS of 26.81. The company has got long term orders from various groups within India and abroad also. The Company has got a substantial book value. The company has declared bonus on several occasions, the last being in 2005. Even now it is a bonus candidate.
Conservative investors can enter Wipro at the current levels for a longer term basis, with a profit aim of 30-40 percent in 18 months time. If the share falls drastically, they may use the best judgement and average out. Shares of Wipro should be kept as a family jewel.
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
Wipro needs no introduction. It is one of the best “A” group blue chip shares. The company’s substantial revenues come from Software exports and other technology related products including BPO etc. The company has also got a consumer care division with products like lighting, soaps (Santoor soap) etc.
The company has a share capital of Rs.292 crores made up of about 146 crore equity shares of Rs.2.00 each. Of the above, holdings of the promoters’, institutions and other body corporates make up over 90%. The remaining about 10% or 14 crore equity shares are in the market. A sizeable portion of this is held by some die-hard fans of Wipro who do not want to part it because they regard it as family jewel.
The company ended up the FY 09 with a consolidated profit of about 3900 crores, with an EPS of 26.81. The company has got long term orders from various groups within India and abroad also. The Company has got a substantial book value. The company has declared bonus on several occasions, the last being in 2005. Even now it is a bonus candidate.
Conservative investors can enter Wipro at the current levels for a longer term basis, with a profit aim of 30-40 percent in 18 months time. If the share falls drastically, they may use the best judgement and average out. Shares of Wipro should be kept as a family jewel.
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
Wednesday, June 10, 2009
ALOK INDUSTRIES
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
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
Tuesday, June 9, 2009
Sunday, June 7, 2009
NEW PENSION SCHEME
NEW PENSION SCHEME
Many persons have desired to know about the New Pension Scheme launched by the Government. I may state that Central Government has launched this scheme for its employees and notified the scheme through an Ordinance. Some State Governments have also launched this scheme. It is believed that Banks are also exploring this scheme for implementation in respect of new employees. The bill is expected to be discussed and passed in the parliament whereafter it will become Official.
To the best of my knowledge and belief, it will work as under :
a) The individual members will be allotted a unique Pension Account number. The contributions made per month will be go to this account and the fund will be managed by a Fund Manager (like SBI, LIC etc.)
b) The individual account holder will be allotted units depending on the contribution and the NAV. He has an option to choose from viz. Growth, Balance and Income. In Growth option, the investment in equities will be on a higher side and lesser in the other two options. The fund manager will go on declaring bonus etc. which will be added up in the kitty by way of units.
c) At the time of retirement, the account holder can withdraw upto, say, 60% of the corpus (which will be tax free) and the remaining will be used by the fund manager to purchase annuities from any Insurance Company. Regarding annuities also, there will be option to the account holder from the various schemes available. Some tax angle is being worked out. The entire scheme of pension works on EET principle wherein the investment is EXEMPT, additions/profits will be EXEMPT and pension (by annuities) will be taxed, subject to the overall tax exemption limit which is now Rs.1,50,000.00 for male tax payers and so on. (Pension in any form is taxed anyway).
d) Benefits : On a longer term, the account holder will stand to benefit. More so, in case of private professionals who are not covered by any pension scheme, it will be helpful. This is because on a longer time horizon, minimum 10 years, the markets tend to average out and there is bound to be gains.
NITTY GRITTIES
a) It is not clear whether partial withdrawals will be allowed and if allowed, what will be restriction etc.
b) The annuity market is not yet fully developed. It is not certain what will be the amount given to the account holders (annuitants) by the companies.
c) On a longer term basis, if a person invests regularly in a well performing diversified equity scheme of any Mutual Fund, he can accumulate units. For tax exemption benefits he may consider ELSS schemes and if he has exhausted the 80© limit, he can consider any other diversified scheme.
d) He may build up a retirement nest egg of about 20000 units in 2-3 units individually and the dividend accruing in all the schemes put together will adequately make up for pension.
e) The main advantage of investing in mutual funds is the flexibility of withdrawal etc.
The choice is with the investors.
(AJAY SINGH RATHORE)KASHIWALA
Many persons have desired to know about the New Pension Scheme launched by the Government. I may state that Central Government has launched this scheme for its employees and notified the scheme through an Ordinance. Some State Governments have also launched this scheme. It is believed that Banks are also exploring this scheme for implementation in respect of new employees. The bill is expected to be discussed and passed in the parliament whereafter it will become Official.
To the best of my knowledge and belief, it will work as under :
a) The individual members will be allotted a unique Pension Account number. The contributions made per month will be go to this account and the fund will be managed by a Fund Manager (like SBI, LIC etc.)
b) The individual account holder will be allotted units depending on the contribution and the NAV. He has an option to choose from viz. Growth, Balance and Income. In Growth option, the investment in equities will be on a higher side and lesser in the other two options. The fund manager will go on declaring bonus etc. which will be added up in the kitty by way of units.
c) At the time of retirement, the account holder can withdraw upto, say, 60% of the corpus (which will be tax free) and the remaining will be used by the fund manager to purchase annuities from any Insurance Company. Regarding annuities also, there will be option to the account holder from the various schemes available. Some tax angle is being worked out. The entire scheme of pension works on EET principle wherein the investment is EXEMPT, additions/profits will be EXEMPT and pension (by annuities) will be taxed, subject to the overall tax exemption limit which is now Rs.1,50,000.00 for male tax payers and so on. (Pension in any form is taxed anyway).
d) Benefits : On a longer term, the account holder will stand to benefit. More so, in case of private professionals who are not covered by any pension scheme, it will be helpful. This is because on a longer time horizon, minimum 10 years, the markets tend to average out and there is bound to be gains.
NITTY GRITTIES
a) It is not clear whether partial withdrawals will be allowed and if allowed, what will be restriction etc.
b) The annuity market is not yet fully developed. It is not certain what will be the amount given to the account holders (annuitants) by the companies.
c) On a longer term basis, if a person invests regularly in a well performing diversified equity scheme of any Mutual Fund, he can accumulate units. For tax exemption benefits he may consider ELSS schemes and if he has exhausted the 80© limit, he can consider any other diversified scheme.
d) He may build up a retirement nest egg of about 20000 units in 2-3 units individually and the dividend accruing in all the schemes put together will adequately make up for pension.
e) The main advantage of investing in mutual funds is the flexibility of withdrawal etc.
The choice is with the investors.
(AJAY SINGH RATHORE)KASHIWALA
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