SumanSpeaks: The Information Super Highway

Bearishness in soyabean prices on better production estimates [ Editor : This report says that the International trends aren’t supportive of Soya prices in Indian market. This is music to the companies like Rasoya Proteins Ltd (Rs.0.34), who were suffering due to steep increase in the price of the Soyabean, due to destruction of a large part of the crop in Maharashtra. However, the Soya Oil, imports continue to create problems for the domestioc players, as the Narendra Modi government is yet to take measures, to stem the tide.  The shares of Rasoya Proteins Ltd, which is now hovering around Re.0.34, should soon cross Rs.5 in the near future; as the company's production is likely to gather steam, post September, 2015. Moreover, the company has come out with a comprehensive plan, regarding insider trading--all these augurs well for the company. The stock has hit the UC, today, and is likely to continue till Re.0.60. So, accumulate the scrip in every dip, so that your acquisition...

Do you know?  Karuturi Global has allotted 36.50 crore convertible warrants of face value ₹1 each to non-promoters on preferential allotment basis instead of 34.5 crore convertible warrants.  Earlier, the company had informed the exchanges that its board (on May 25) had allotted 34.5 crore convertible warrants as approved by shareholders. On this news the shares of Karuturi Global jumped 9.6% to ₹2.62 on the BSE. The management of Karuturi Global seems to be have gone fully ballistic, regarding future prospect of the company. The next target for the scrip remains Rs.5-7; don't sell the shares in a hurry. I will speak with the sources this week and put the details on the blog.  Meanwhile, Karuturi Global has reported a consolidated total income from operations of Rs.92.84 crore and a net profit of Rs.18.45 crore for the quarter ended Mar '15. Other income for the quarter was Rs.(-)1.06 crore. For the quarter ended Mar 2014 the consolidated total income from ope...

Karuturi Global reports consolidated net profit of Rs 18.45 crore in the March Sales rise 18.58% to Rs 92.84 crore Net profit of Karuturi Global reported to Rs.18.45 crore in the quarter ended March 2015 as against net loss of Rs.51.39 crore during the previous quarter ended March 2014. Sales rose 18.58% to Rs.92.84 crore in the quarter ended March 2015 as against Rs 78.29 crore during the previous quarter ended March 2014. For the full year, net profit declined 53.00% to Rs 32.47 crore in the year ended March 2015 as against Rs.69.09 crore during the previous year ended March 2014. Sales declined 46.00% to Rs 266.23 crore in the year ended March 2015 as against Rs.493.06 crore during the previous year ended March 2014. Powered by Capital Market - Live News