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Long: Ajanta Pharma update
20120421 A promoter group company GABS investments has been buying aggressively from open market. The stock has touched 550. The board is to consider subdivision of equity shares and dividend on 26th April. I contacted investor relations. I could not … Continue reading
Avoid: Renaissance Jewellery
20120414 It’s a M-cap 150cr SEEPZ Mumbai based jewellery house available at an attractive PE of 3.8. I didn’t find anything interesting or controversial on it’s website, news items and annual report, other than the following facts Cons: The company … Continue reading
Posted in Avoid (neutral, stay away)
Tagged avoid, debt, neutral, renaissance, value, warrants
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Avoid: Lanco Infra
20120408 Hyderabad based Lanco (BSE200) doesn’t need much introduction. It has installed capacity of 3GW in 7 thermal, 4 major hydro and rest in wind and solar. Cons: It’s mostly a power company. 80% of its power off-take is tied … Continue reading
Posted in Avoid (neutral, stay away)
Tagged debt, EPC, infra, investing, lanco, power, real-estate, value
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Avoid: Alembic & Alembic Pharma
20120406 If I were to ask a common person what’s common between glycodin and yera glass-ware, I may get a blank face. I will get as much of a blank face if I were to ask who was the commissioner … Continue reading
Posted in Avoid (neutral, stay away)
Tagged alembic, avoid, greenblatt, real-estate, spin-off
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Long: Cairn India (update)
20120404 Cairn India was up 4.66% today on news of second oil discovery in KG basin. It has 49% ownership in the block while the remaining 51% is held by state-owned ONGC.
Avoid : S. Kumars Nationwide
20120329 SKumars is India’s leading textile and branded apparel manufacturer; owns brands like Reid & Taylor, Belmonte and Carmichael House. Cons: Twelve subsidiaries (with total assets of 988cr and revenues of 82.5cr) remain unaudited according to auditor’s report from AR … Continue reading
Long: Network 18 Media & Investments
20120325 This company has a stake in every media venture that has ’18’ in name. Two such companies are listed. Other one is TV18 Broadcast. Network 18 owns 59% of TV18. These two companies together have stakes in MTV (I … Continue reading
Purely happenstance or ahead of the curve?
20120325 Indisputably, DNA Money is one of the top financial daily newspaper supplements. Is it purely happenstance that they have recommended Cairn as a decent buy or am I for once ahead of the curve to recommend Cairn before a … Continue reading
Long – Cairn India
20120323 It is the largest private sector oil production and exploration company in India. RIL, Videocon Ind and Varun Ind are others. It is a giant business. Pros It began oil production in Rajasthan in 2010 and has produced oil … Continue reading
Long – Ajanta Pharma
20120322 There is more hope than a reliable story backing this particular pick. Nonetheless value investing for sure. It is a pharma company with licenses in Anti-malarial, erectile dysfunction and dermatology preparations. Pros It’s erectile dysfunction preparation is Kamagra. The … Continue reading
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