DO YOU KNOW?

Essar Ports Ltd was recommended at Rs.59.30, on January 04, 2014. 

The scrip made a 52-week high on 22 January, 2015. Or in other words the scrip more than doubled in a year (approximately) and gave decent returns to the Patient Investors.  

The company came out with satisfactory set of numbers for the Q3FY15: 

(i) Revenue for the quarter stood at Rs.434.3 Cr, an increase of 9% over corresponding quarter in FY14.

(ii) EBIDTA came at Rs.359.6 Cr in Q3FY15, an increase of 11% over corresponding quarter in FY14.

(ii) Commensurately, net profit for the quarter increased to Rs.98.3 Cr which is 5% higher than in the corresponding quarter of FY14.

(iv) Earning per share for Q3FY15 stands at Rs.2.30.

The long term investors can keep holding the stock of Essar Ports Ltd (Rs.109.10) with a SL of Rs.102. Alternatively they can accumulate the scrip on all declines, till Rs.104.