WINNING STROKES: THINK DIFFERENT:

Refex Refrigerants Ltd hits the buyer freeze in the late afternoon trade. The scrip was recommended in this blog, last week for a price target of Rs.32-39. The season of the company is going on and the company has ventured into a new line of business. In FY11, the total revenue of the company was Rs.82.39 Cr, while the net profit of the company was Rs.7.23 Cr as against Rs.52.70 and a net loss of Rs.16.37 Cr in FY10. The EPS of the company for the FY11 is Rs.4.67 and CEPS of the company is Rs.6.31--this should give a minimum price of the scrip of around Rs.32-39, giving all discounts.

Kernex Micro System Ltd moved to Rs.120.60, before cooling down to Rs.118.95. The stock was recommended around Rs.77-78 and then asked to be accumulated in all declines.

Money Matters Financial Services Ltd hit the buyer freeze, as it closed at Rs.104.60. The stock was recommended 2nd time at around Rs.59-60. Now all those who filled the pages of MMB criticizing me for recommending the scrip, has their nose cut. This is what happens to those who are jealous of the success of others and cannot sell their PAID SERVICE, inspite of their best efforts.

Investors should accumulate or average Glory Polyfilms Ltd (CMP: Rs.3.58) on all declines. The company is doing well and we would all make in this scrip, if it is invested at the current price. 

My recommended Northgate Technologies Ltd hit the buyer freeze at the opening trade. The company is doing absolutely fine and the restructuring of its operations are going on according to my sources in Hyderabad.

Another Hyderabad based company which is expected to give good returns going forward is Country Club India Ltd (CMP:Rs.11.11). The company has a superb business model and has properties all over India, including overseas. In the March, 2011, both the net profit and total income of the company showed some improvement.