Thursday, February 26, 2015

RASOYA PROTEINS LTD: INDECISION
The scrip of Rasoya Proteins Ltd, which though tanked at the end of the day, with good volume but the percentage of Deliverable Quantity to Traded Quantity was just 45.62%. The risk taking traders are therefore, are suggested not to jump to take fresh positions but look at opportunities for re-entry. 

Fundamentally speaking, Rasoya Proteins Ltd is a profit making entity which has embarked on a Rs.400 Cr expansion plan. According to The Times of India, 30th December, 2014, the Nagpur-based Rasoya Proteins' solvent extraction plant set to start production soon.

Rasoya Proteins Ltd posted net profit after taxes, minority interest and share of profit / (loss) of associates of Rs.34.105 mn for the quarter ended December 31, 2014 as compared to net profit of Rs.182.330 million for the quarter ended December 31, 2013.

Total Income has decreased from Rs.6735.609 mn for the quarter ended December 31, 2013 to Rs.1780.321 mn for the quarter ended December 31, 2014.

On standalone basis, the Company has posted a net profit of Rs.29.632 mn for the quarter ended December 31, 2014 as compared to net profit of Rs.125.138 million for the quarter ended December 31, 2013.


Total Income has decreased from Rs.4622.801 mn for the quarter ended December 31, 2013 to Rs.1391.905 million for the quarter ended December 31, 2014. 

However, if the GDR holders continuously press the sell button, then the retail investors could be in trouble; though for the time being it is more likely that the local operators are calling the shots.
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