The company has great future ahead. Therefore, the investors are suggested to accumulate the scrip when its price stabilizes, for a target above Rs.10, in the next 18 months.
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Monday, January 18, 2016
The company has great future ahead. Therefore, the investors are suggested to accumulate the scrip when its price stabilizes, for a target above Rs.10, in the next 18 months.
Tuesday, August 04, 2015
Tuesday, May 05, 2015
In case of Nifty, today, it was expected that the market could rally, as the market was not only looking oversold but also, FIIs selling looked synthetic, due to rallies in the primary market. Today, the Sensex rallied 479 points while the Nifty posted the biggest daily gain in 2 months. The investors snapped up beaten down blue-chips after the Lower House of Parliament approved the 2015/16 Finance Bill on Thursday. Foreign institutional investors (FIIs) were net buyers in the equity segment worth Rs.605.3 million on both BSE, NSE and MCX-SX on May 04, as per provisional data available at the BSE. They bought equities worth Rs.51.05 billion and sold equities worth Rs.50.45 billion. While domestic institutional investors (DIIs), which include banks, DFIs, insurance and MFs, were net buyers in the equity segment worth Rs.1.46 billion. They bought equities worth Rs.12.53 billion and sold equities worth Rs.11.07 billion.
Friday, May 01, 2015
Thursday, April 30, 2015
Veer Energy & Infrastructure will also take the benefits, of generation based incentive (GBI) as per the policy declared by the central government in the last budget.
Currently, the company is active in providing infrastructure services for Wind Energy & Other infrastructures as well, and also company has set up Engineering unit at Ahmedabad and started production in the current year. In FY16, it is expecting better results.
Meanwhile, according to a report published in The Economic Times on 14 April, 2015:
Big wind energy companies in India such as Gamesa, Mytrah and Suzlon are all diversifying into solar space this year with plans to invest several hundred million dollars in the next five years in installing thousands of solar megawatts, given the government's (of India's) impetus to the sector.The Union Government is looking at increasing new and renewable energy installation in the country to 175 GW, with the wind energy capacity going up to 65 GW.
Moreover, the company is likely to complete a large number of on-going projects by FY16, which means within the next 9-12 months period, the scrip of Veer Energy and Infrastructure Ltd (Rs..17) could give superb returns.
Wednesday, April 29, 2015
Rolta India Ltd (Rs.116) should be moving towards Rs.140-144 in the next few week. Kindly add on all declines.
Friday, January 23, 2015
"Just for your information, particularly long products import has gone up by 550 percent in Q3 and in terms of volume it has gone up to the level of 450,000 tonnes in last quarter. On annualised basis it becomes 1.8 million tonne against the total demand of the industry around 4 million tonne and if this continues, I think the local industry will be wiped off. Major imports are coming from China besides from various other countries including Europe, including Russia. The reason is that the economic situation or the slowdown in the growth in China -- since local demand in China is going down, they are trying to find out avenues to export that material and India is a good ground for them where there are practically no restrictions and a reasonable size market for them.The government should introduce some sort of steep import duty so as to deter dumping of products from countries such as China".
Nifty today closed at 8,835.60 up 74.20 points. Nifty has appreciated around 780 points or ~9% from the low of 8065 within a few trading sessions. Bulls are in full command of the affairs, in Dalal Street. Moreover, the point that Nifty is in a “Resistance Free Zone”, gives further ammunition to the bulls. The traders are suggested to buy stocks from both the large and small / mid-cap spaces.
Thursday, January 22, 2015
Wednesday, January 21, 2015
(ii) Buy Mangalore Refinery And Petrochemical Ltd at Rs.49.70-50, for a target of Rs.61-62, in the short term. The medium term target for the scrip is Rs.80. SL-Rs.46.50.
Tuesday, January 20, 2015
Meanwhile, I do not know whether you have observed or not: Kohinoor Broadcasting Corporation Ltd (Re.0.22) is hitting continuous upper circuits since the last few days. It seems this time the scrip will touch Re.0.50, let us see......
India is expected to become the world's second largest producer of crude steel in 2015-16, moving up from the fourth position, as its capacity is projected to increase from 100 million tonne (MT) to about 112.5 MT in 2015-16. "All indicators suggest that India will soon move up to the second position both in production and consumption", a sectoral analysis by Frost & Sullivan's Metals & Mining Practice said.
With infrastructure development and automotive industry driving steel demand, production is expected to hit 140 MT by the end of 2016, while consumption is expected to grow 6.8% to reach 104 MT by 2017.
According to the analysis, the Indian steel industry is forging ahead despite "chronic handicaps like poor infrastructure". It said, "The government is working proactively to provide incentives for economic growth by injecting funds in construction, infrastructure, automotive and power, which will drive the steel industry in the future."
With nearly all major domestic steel producers in the process of adding a mix of brownfield and greenfield capacity, the total planned capacity hike in crude steel production till 2017 is estimated at well over 100 MT. While total installed capacity for crude steel in 2013 was 102 MT, capacity utilisation was about 80%.
Monday, January 19, 2015
Earlier there were media reports that, Veer Energy has signed Expression of Interest with one of World's leading wind turbine manufacturer for sale of an exclusively, indefeasible right to use the transmission rights granted by GETCO for Power Evacuation of 30 MW WTG, along with government waste land allotted to Veer Energy on lease basis by Hon. Collector for setting up wind farm.
One can buy the scrip at around Rs.3.30-3.50 for a target of Rs.5, in the short term. The scrip is today moving up with good volumes. The volume of shares traded in the BSE is nearing half million (414138 shares traded till 12 noon) in the first hour of trade against the 2 (two) week Average Quantity of 1.30 lakhs.
Wednesday, June 18, 2014
Tuesday, June 17, 2014
Monday, June 16, 2014
Source: www.economictimes.com |
Richa Industries Ltd a company into textile and construction, today moved to Rs.22.75, before closing at Rs.22.30. This is a solid company with FY14, EPS of around Rs.4.22. The scrip is trading very cheap compared to its peers. It is also a dividend paying company.
Surprisingly the shares of Shiv-Vani Oil and Gas Exploration Ltd came down to Rs.21.60, when the crude price is moving up due to escalation of the crisis in Iraq. The scrip should be accumulated on all declines.
Saturday, June 14, 2014
Basically, the company develops infrastructure for the wind farms and is not into manufacturing of wind turbines. The company identifies a place based on wind analysis. It then develops a complete infrastructure for these wind farms at that location, which are then sold to investors as well as to various wind turbine manufacturers. Investors have an option of selecting the wind turbines they want as the company gives them the required infrastructure.
Shareholding Pattern: The promoters hold 35.51% of the shares of the company, while the general public holds 64.49% of the shares of the company. Among the general public Shriram Credit Company Ltd (5.13%), Shriram Insight Share Brokers Ltd (1.52%), Sparrow Asia Diversified Opportunity (7.03%) and Anand Rathi Global Finance Ltd (1.82%) holds substantial stakes in the company.
Financials: For March 2014, the operating income witnessed a growth of 18.3% on a year on year (YoY) basis during the quarter. The expenses were up at a higher rate of 20.2% YoY during the same period.
- The rise in expenses led to a fall in the operating profit by 17.6% YoY during the quarter. The operating margins declined to 3.5% as compared to 5% in the March 2013 quarter.
- Depreciation charge increased by 19% YoY, while interest charges declined by 86% YoY for the March 2014 quarter.
- At the bottom-line level, the company’s net profit declined by 4% YoY to Rs 4.8 m led by higher expenditure in the quarter under review.
- The company’s board recommended dividend of Re. 0.06 per share for the financial year ending March 2014.
- At the current price of Rs.5.28, the company’s stock trades at 13.89 times its trailing twelve month earnings. The Industry P/E is 16.44.
(i) 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, the Company is very well positioned to take advantage of ever increasing demand for the renewable energy resources. According to Hindustan Times, 9 June, 2014:
- The Narendra Modi-led government has started work on a plan to ensure half of all homes in major cities receive some power from solar or wind energy sources by 2019.
- The plan includes fresh incentives to encourage companies and individuals to invest in renewable energy sources and setting up giant solar plants in states such as Rajasthan and Gujarat.
- The decision to give a big push to renewable power sources was behind the Prime Minister’s decision to bring the ministries of conventional and renewable power under Piyush Goyal. Sources told HT that Modi asked Goyal to go big on renewable energy.
- This is keeping in line with the progress made in generating green energy by Gujarat during Modi’s tenure as chief minister. Gujarat implemented the Jyotigram Yojana that provided 24/7 power to each household. The scheme depended on solar, wind, biomass and waste as energy sources to generate about 25,000 MW annually.
- Goyal has promised to replicate this Yojana and was in the state to study Gandhinagar’s success story. After meeting the PM, lieutenant governor of Delhi Najeeb Jung also sent a team to study the Gujarat model this week that resulted in fresh power proposals for the Capital.
(iii) Moreover, it has some relation with Southern Wind farm Ltd, which is an ADA Group Company floated by Anil Ambani. It is also a vertically integrated company and at a market cap of only Rs.37.56 Cr, it could be a good takeover candidate
(v) Wind Energy is becoming increasingly popular because:
- It is one of the most environment friendly, clean and safe energy resources.
- It has the lowest gestation period as compared to conventional energy.
- Equipment erection and commissioning involve only a few months.
- There is no fuel consumption, hence low operating costs. Maintenance costs are low.
- The capital cost is comparable with conventional power plants. For a wind farm, the capital cost ranges between 4.5 crores to 5.5 crores, depending on the site and the wind electric generator (WEG) selected for installation.
However, according to my close sources, now it has decided to concentrate more on the development of Wind Power.
Besides, the share has not taken part in a major way in the whirlwind rally post NDA government assuming office in Delhi. Also, the scrip has corrected sharply from its recent high of Rs.7.64 made on 12 June, 2014. The stock could be accumulated near the supports of Rs.5.10-5.20 for targets of Rs.7-8.4 in the short term. It is a Re.1, Face Value scrip.
Tuesday, October 13, 2009
"There's still room here for equities to move up on the back of better-than-expected results," said Craig Peckham, an analyst at Jefferies & Co. "I don't think that positive surprises are fully priced in."
Banks were among the big gainers Monday as investors awaited their earnings. Wells Fargo & Co. rose $1.07, or 3.7 percent, to $30.28, while Citigroup Inc. was up 14 cents, or 3 percent, at $4.77.
In other trading, the Russell 2000 index of smaller companies fell 1.11 to 613.81.
Britain's FTSE 100 rose 0.9 percent, Germany's DAX index jumped 1.3 percent, and France's CAC-40 gained 1.2 percent. In Asia, Hong Kong's Hang Seng index finished down 0.9 percent. Japan's market was closed for a holiday.