- Revenues at Rs.4,769 cr/~US$ 777.3 mn for Q2 FY14 vs. Rs.3,851 cr / ~US$ 627.7 mn for Q1 FY14.
- EBITDA at Rs.(31) cr/~US$ (5) mn in Q2 FY14 vs. Rs.(302) cr/~US$ (49.2) mn for Q1 FY14.
- Q2 FY14 EBITDA (excluding forex loss) at Rs.39 cr/~US$ 6.3 mn.
- Project Transformation delivering: Opex reduced by 38% YoY; Net working capital down to 9.9% of sales.
- China-subsidiary 75% divestment completed.
- New market entry: Maiden order of 65 MW in Uruguay
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.
All the best to Dr.Meira Kumar.....👍✌
Thursday, November 28, 2013
WINNING STROKES: THINK DIFFERENT
As expected Suzlon Energy Ltd hit the upper freeze before settling down at Rs.9.93 at the end of the day. The consolidated Group orderbook of Suzlon Energy Ltd stood at 5.1 GW, approximately Rs.43,834 cr / US$ 7.1 bn in value, with an intake of 395 MW over Q2 FY14. Suzlon Wind achieved volumes of 220 MW for the second quarter for FY14, aggregating first half volumes of 440 MW. REpower achieved revenues of EUR 388.8 mn in Q2 FY14, compared with EUR 332.6 mn in Q1 FY14, with volumes impacted by lower demand from the US market. REpower also crossed a major milestone with the commissioning of its 5,000th turbine. Meanwhile, REpower launched a 60 Hz turbine variant – the 3.0M122 – designed specifically for low wind sites in developed economies in the 2nd quarter of FY13. This turbine draws on the successful 3XM platform to deliver a lower cost of energy. The company continued to work towards optimizing its Working Capital ratio, with a focus on realizations, leaner inventory cycles, and expediting order execution, taking the ratio down to 9.9 per cent of sales at Q2 FY14, compared to 13.6 per cent at Q4 FY12. Consolidated operating expenses were reduced by 38 per cent compared to Q2 FY13 with stringent cost control measures in place. Manpower optimization also continued under Project Transformation. Moreover, Suzlon Group's Q2 Operational performance is seen improving on the back of better Q-on-Q numbers. Here are some of the Key Highlights of the company:
Therefore, I am expecting the scrip to touch Rs.41-42, in the next few months as not only the working capital requirements have been eased, but the company got lot of breathing space as far as its interest payment is concerned. However, the long term target of Rs.54-55, still holds.
Few Stocks from the Infrastructure space like IVRCL Ltd moved to Rs.14.35, before closing at Rs.14.15, BGR Energy Systems Ltd moved to Rs.114.30, closing at Rs.113.25 and BHEL moved to Rs.152.45, before closing at Rs.150.85. Yesterday, in Facebook, a buy was given in BHEL with a price target of Rs.153, which was almost reached. Today a buy has been initiated in Tantia Construction Ltd at Rs.15.50. Most of the construction stocks are expected to pick up steam post monsoon and hence take position in them before they flies away
Allahabad Bank Ltd today moved upto Rs.90.40, before closing flat at Rs.89.35. The company is set to raise funds of Rs.400 Cr at a cut off price of Rs.89.72 per share. This gives somewhat the base price of the share of Allahabad Bank and hence it is a safe bet at the CMP of Rs.89.35. The bank is expanding at a rapid pace, and is all set to open more branches in Andhra Pradesh. Currently, it has a network of 2,750 branches.To tap the market potential, it opened seven branches last fiscal and 4 branches - three in Hyderabad and one in Nalgonda recently. Four more in Hyderabad and two in Srikakulam and Kovvada, East Godavari district will be added by December end. We can look forward for a price target of Rs.109-110, in the next few weeks.
If you remember, some months back Reliance Broadcast Network was recommended at around Rs.28-29, with a price target of Rs.41-42, which was long achieved. Today the scrip touched Rs.68.
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