This Blog helps in disseminating FREE information related to Stock/Share Markets (domestic and overseas), Finance/Investments & Current Affairs. The content of this blog is for information purpose only - not recommendations, to Buy or Sell Securities.
The data used here, is derived from the sources, deemed to be reliable, but their accuracy and completeness is not guaranteed. The author is not responsible for any loss in investments made, based on the inputs provided here - 28th May, 2006.
Presidential Elections: Support Dr.Meira Kumar
Bihar and Jharkhand governments have no choice but to support Dr.Meira Kumar. As defeat of "Bihar ki Beti" will invariably bring Shame to the Biharis and Jharkhandis (or erstwhile unified Bihar). Do you think that, people of Bihar will leave Nitish Kumar Scott - free, if Dr.Meira Kumar loses ? So, Nitish Kumar has very little option left but to support, Dr.Meira Kumar.
Moreover, if Nitish Kumar wants to fall in the BJP's well calculated electoral TRAP no one can save him in the next election.
Also, I am surprised to see Mr.Navin Pattanayak, so easily chewing the RSS bait. Orissa is a state, where there is large chunk of Tribal Christian voters loyal to the BJD (Biju Janata Dal). I am still to fathom, BJD's sudden electoral gamble of siding with the RSS and the BJP; when Mr.Pattanayak has been maintaining distance from them since some time.
Besides, the election of Dr.Meira Kumar, who is educated, experienced and very sober, might also correct some of the historical mistakes of not making her father, the Prime Minister of India.
Also, I don't think all the Muslim and Christian MPs and MLAs from the TDP and TRS will ever support a RSS backed Candidate, who acted against Dalit Christian and Muslin reservations. Therefore, invariably cross voting will take place, which might give the underdog, Ms.Kumar, a win. Support Dr.Meira Kumar, give a conscience vote and make her the 2nd Female President of India.
Kalindee Rail Nirman (Engineers) Limited, today stand as Premier and Trusted agency in execution of Railway Track, Signaling & Telecommunication projects on turn key basis. It has rich and varied experience of more than three decades.
The scrip has a book value of Rs.113.97, 9MEPS of Rs.7.59 and P/E of 6.57 (Industry P/E: 10.40),showing that the scrip is highly undervalued at the current conditions when the construction stocks are getting re-rated, in view of a cut in the CRR by the Central Bank.
Made by Kalindee Rail Nirman (Engineers)
For Q3FY13, the company came out with decent set of numbers. The net profit of the company for Q2FY13 came out to be Rs.3.26 as against Rs.3.06 in Q3FY12. Moreover, both the OPM and NPM showed improvement in Q3FY13, speaking Q-o-Q basis.
Work of Kalindee Rail Nirnam (Engineers)
Recently the company announced that it was able to garner three large value projects each of around Rs.200.00 crores from Railways in the second half of the last year. The Company could also bag a high value order of Rs.166 crores from Kolkata Metro. The Company's operations are presently undergoing in various metro rails in the country viz. Jaipur Metro, Bangalore Metro, Kolkata Metro etc. plus Delhi Metro over and above in Indian Railways throughout the country. Further, the Company’s bid for Rs.246.00 crores with Rail Vikas Nigam Ltd, New Delhi under Ministry of Railways, New Delhi has been successful due to being lowest bidder. Presently order position in the Company is highly comfortable.
Therefore, investors should buy the scrip at the CMP of Rs.50.05-50.10, for a target of Rs.59-60, in the next few trading sessions; please keep a SL < Rs.47.