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We will give you, the business development portfolio and pay you handsome amounts for your efforts. It does not matter, in which part of the world you are, as long as you can bring businesses. If you are interested, please send me at mail at: suman2005s@rediffmail.com.

Monday, February 04, 2013

Buy: Essar Oil on dips
Essar Oil came out with good numbers for Q3FY13. The total revenues of the company increased both on sequential and Y-o-Y basis. In fact on Y-o-Y basis the total revenues almost doubled to Rs.24, 056 Cr in Q3FY13 as against Rs.12, 941 Cr in Q3FY12. Inspite of higher expenditure in the net profit of the company for Q3FY13 came out to be Rs.32 Cr as against a net loss of Rs.3986 Cr in the same period previous year.
Moreover, getting defense clearance for 39 offshore areas including Reliance Industries Ltd’s (RIL’s) already producing oil and gas fields augurs well for this sector. Rs.80,000 crore of investment in oil and gas hunt was stuck for want of defense nod, which will now flow in. Also, the government has said that the diesel prices will be hiked by 40-50 paise every month----this is also positive for this Essar Oil, which also holds a license for Oil marketing, like RIL. You can buy it in the short but only in dips, as the stock has already rallied.
Actually, the recent moves by  the government is positive for the whole of Oil and Gas sector (both upstream and downstream oil companies) and hence we could see a sharp upward movement in the prices of BPCL, HPCL, ONGC, Southern Online Bio Tech Ltd (Bio-diesel), OIL, IOC, etc in the coming days. 
Note: This was my morning call to the Paid Group members and to all those who are trading through my brokerage house. Now buy in Bulk Southern Online Bio Tech Ltd (BSE Code: 532669) at Rs.4.28, before the Q3FY13 results. This company is also in the same space. For more on Southern Online Bio Tech Ltd, CLICK HERE.