SumanSpeaks: The Information Super Highway

Rasoya Proteins Ltd: Update I had spoken with the sources of Rasoya Proteins Ltd last week and these are the findings:  The company is planning to open the main plant between the period September, 2015-December 2015. This is now almost certain as the farmers are expecting good soya-bean crop, during this harvesting season; starting from September, 2015.  The company is in constant touch with the banks to get their loans restructured. The management is also looking for other opportunities get the funds.  The company could also come up with a preference issue for the promoters or infuse funds in a revamping operation.   The FY15 Annual Report of the company is likely to get updated in the BSE Website, either by the end of August., 2015 or in the 1st week of September, 2015. Naturally, the share price of a company increases before the publication of the annual reports. The company is expected to get good amount from the Insurance Claim (of Rs.34 Cr) towards ...

Gitajali Gems Ltd: Buy CMP: Rs.42.30 Gitanjali Gems Ltd recently announced the Un-Audited Standalone results for the Quarter ended June 30, 2015. The Company has posted a net profit of Rs.158.014 million for the quarter ended June 30, 2015 as compared to Rs.79.692 million for the quarter ended June 30, 2014. Total Income has increased from Rs.15343.864 million for the quarter ended June 30, 2014 to Rs.16873.250 million for the quarter ended June 30, 2015. The Un-Audited  Consolidated Results  for the Quarter ended June 30, 2015 is  as follows: The Group has posted a net profit after taxes, Minority Interest and Share of Profit/(Loss) of Associates of Rs.280.522 million for the quarter ended June 30, 2015 as compared to Rs.101.536 million for the quarter ended June 30, 2014.  Total Income has increased from Rs. 20815.980 million for the quarter ended June 30, 2014 to Rs. 29526.728 million for the quarter ended June 30, 2015. Moreover, the con...

Do you know? Educomp Solutions Ltd came out with a little better set of numbers for the June, 2015 quarter, speaking sequentially. It  has reported a consolidated total income from operations of Rs.143.23 crore and a net loss of Rs.85.26 crore for the quarter ended Jun '15. For the quarter ended Mar 2015 the consolidated total income from operations was Rs.119.42 crore and net loss was Rs 153.00 crore. Educomp is the largest Education Company in India and the only company spread across the entire education ecosystem. From schools to skills; over last two decades Educomp group has empowered over 30 million learners and educators across over 65,000 schools to imagine, think and create a better future. Founded in 1994, the company today has offices across India, in Singapore and in the United States. The scrip was recommended to the Paid Members at around Rs.13.10, this week. Today, it closed at Rs.13.66, after touching an intra-day high of Rs.14.19; bringing smiles to th...

Rasoya Proteins Ltd: Buy in Bulk Rasoya Proteins Ltd (NSE Code: RASOYPR and BSE Code: 531522), a listed company is one of the major soyabean processors in the state of Maharashtra. It markets the Rasoya brand of Soya-oil, which off-late has emerged as a leading brand of edible oil in Maharashtra. It is to be noted that low Soyabean output since the last two years has been one of the major reasons for the current depleted fundamentals of the company (apart from the GDR fiasco).  Meanwhile, Rasoya Proteins Limited, which has a debt of over Rs.100 crore, had been classified as a NPA this April (2015) by a consortium of Banks, led by State Bank of India (SBI)--Bank of Baroda (BoB) is also having a share in the loan. However, during the last quarter, the company duly lodged Insurance Claim of Rs.34 Cr with the insurer towards Soyabean Stock Destroyed/Damaged due to fire which is yet to be realized. The promoters have already indicated that low output and high prices of ...

Brokerage Report Green shoots: Positive IIP data + Controlled Inflation + Robust Indirect Tax Collection Numbers, Depicts Incipient Recovery Factory   output   growth for   the   country   surged   to   3.8% in  June up  from  2.5% (revised) in  the  previous month... Photo : Green Shoots Psychology The  index  of  industrial  production  (IIP)  rose  to  a four-month    high    on the    back    of rebound    in    the manufacturing sector, which rose 4.6% in June compared to 2.9%  growth  in  the  year  earlier  period.  The  turnaround  in consumer  goods  and  consumer  durables  also  augured  well but the capital goods sector contracted after seven months, pointing...

DO YOU KNOW? The total area sown under Soya-bean Crop, is likely to be 100-110 lakh hectares this Kharif season, almost similar to last year. Also the crop yield might be normal and satisfactory in states like Madhya Pradesh and Maharashtra, unlike what was expected earlier. The Soya-crop, which accounts for more than a third of India's oil-seed production, had earlier come under stress after rainfall deficiency of as much as 54% in central India and 60% in the southern peninsula in the first half of July.  However, off-late several places in Central and Northeast India have recorded good rainfall, especially during the last fortnight. In fact earlier this month, Yavatmal, Wardha, Buldhana, Akola and Amravati in Maharashtra, witnessed record breaking rain which raised the hopes for Soya Oil industry. Moreover, this spell of rain has come as a huge relief to the people of Vidarbha region who were witnessing deficient rain. Meanwhile,  according to media reports, in ...

DO YOU KNOW? PVP Ventures Ltd informed BSE that a Meeting of the Board of Directors of the Company will be held on August 14, 2015, inter alia, to consider and approve the Unaudited financial results of the company for the quarter ended June 30, 2015.  The scrip today closed at Rs.7.31 up 19.44% in the BSE and a tad below the Upper Circuits of Rs.7.34 (BSE). The share-price of the company has under-performed the market since the last 3-4 months; however again Rs.9.5-10 again coming before "Durga Pooja". What to do with this scrip? Join the Paid Service.....

Veer Energy and Infrastructure Ltd: On an Exponential Upmove... The main Business of the Company is to create infrastructure development facilities for the installation of Wind Turbine Generator. As one of the pioneer in this field, Veer Energy and Infrastructure Ltd (Rs.4.40) is very well positioned to take advantage of ever increasing demand for the renewable energy resources. This is another company like Karuturi Global Ltd which will see the fruits of its new initiatives. The scrip should cross Rs.7-8 by the end of CY2015--remain invested.

DO YOU KNOW? Karuturi Global Ltd (Rs.4.99), the world's largest cut rose exporter from India, is now almost at a 3-year high and is threatening to break Rs.7, on the upside in the coming days, due to expected improvement in its fundamentals. The way the company is trying to revamp its operations makes me feel that it will slowly move towards its all time high of ~Rs.38.  Therefore, accumulate the scrip on all declines, for immediate targets of Rs.7 and Rs.9.5--don't sell the scrip in a hurry!!

Tata Steel Ltd: One Should Not Try To Catch a Falling Knife Tata Steel Ltd could fall further as more and more cues are suggesting that China the world's second largest economy and the largest consumer of base metals is headed for a slowdown.  Moreover, Narendra Modi government is yet to bring up policies which could shore up the bottomlines of the steel companies in India.  In fact hereto, the Narendra Modi government has done precious little to stem the tide of steel-imports, from China, South Korea, Russia, etc.  Most of the leading steel companies are reeling on deep debts. For example, as on end-March, Tata Steel’s consolidated net debt was Rs.69,000 crore. That of JSW Steel was Rs.36,000 crore.  What is interesting in the case of JSW Ltd is that, despite consistently rising revenue and operating profit, the company has not been able to significantly cut debt. On the other hand Tata Steel, the country’s oldest in the sector, has taken timely n...