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...

DO YOU KNOW? Rohit Ferro-Tech Ltd (Rs.6.53) earlier informed the BSE, that Company's Factory at Haldia, Purba Mednipur, was under suspension of work from July 01, 2015. The Suspension of work was mainly on account of the following reason: Substantial gap in Tariff of electricity by the West Bengal State Electricity Distribution Co. Ltd. (WBSDCL) and Damodar Valley Corporation (DVC). For the Company's Haldia Plant, the Company have to procure electricity from WBSEDCL, whose rates are 30% higher compared to DVC and as a result the Company is incurring huge losses. This a good news for the shareholders, as the company might now think of procuring electricity from DVC instead of WBSDCL. The scrip should slowly move towards Rs.8-9.5 in the coming days--remain invested.

Rolta India Ltd: On a path of Recovery Moneycontrol.com writes on July 29, 2015 : The Ministry of Defence (MoD) has selected 10 companies who can file expression of interests (EoI) for futuristic infantry combat vehicles by October 2015. This will replace the Sarath BMP, which has been existing since past 10 years.  The seven year old project is worth Rs.60,000 crore and includes large players like Tata Motors , M&M , Tata Power SED, L&T and smaller players like Titagarh Wagon , Rolta Limited, Pipavav Defence , Bharat Forge and Punj Lloyd. Meanwhile, there were media reports that India’s Rolta Power Pvt Ltd and China-based Zhenfa New Energy Science and Technology Co Ltd have teamed up with a plan to install at least 2 GW of solar power capacity in India by 2020. The two companies have entered into a memorandum of understanding (MoU) to conduct and capitalise on joint engineering, procurement and construction (EPC) opportunities in India’s solar power industry, t...

Karuturi Global Ltd: The India's largest Rose Flower Exporter, is on a Dream Run Earlier the India's largest rose exporter Karuturi Global Ltd (KGL) received an approval from the board of directors to offload its 53% stake in Mumbai-based Florista India Pvt Ltd, which operates a chain of floral designing boutiques across India, according to a stock market disclosure. Recently Karuturi Global Ltd announced that the Committee of the Board of Directors of the Company at their meeting held on 25 May 2015, has allotted: 1. 34,50,00,000 Convertible Warrants of Face Value of Re. 1/- each to Non Promoters on Preferential Allotment basis through Resolution passed by the Shareholders at the Annual General Meeting held on 20 March 2015 pursuant to the provisions of Section 62 and other applicable provisions of the Companies Act, 2013. 2. 1000 Fully Convertible Debentures of Face Value Rs. 5,00,000/- each to Promoter through Resolution passed by the Shareholders at the Annual Gen...

Yakub Memon execution: India needs to become more humane and abolish capital punishment Photo: India Today [ Editor : The event shows that the current Indian Leadership cannot think beyond a point, as the state still uses medieval methods as deterrents to curb crimes--oblivion of the limitations of the "Death Sentence".  Moreover, it has been proved that Narendra Modi government, does not have the power of innovation. A long time Facebook Friend came out with a sharp criticism against me when he said: "Tumahre jaise log ho to India ko kab ka Pakistan bana de..same (sic) to be indain(sic)". But the question is: how does hanging of an Indian help the country not becoming Pakistan? Also, the Indian media has to be more humane, because they are the ones who most of the time, are responsible for whipping up the frenzy, for the "Schizophrenia", called "Capital Punishment".  Moreover, Tripura Governor Tathagata Roy's tweets about Yakub Me...

Yakub Memon, Mumbai blasts convict, loses SC appeal; to be hanged [ Editor : It is unfortunate to note that Narendra Modi government has started following those foolish "Arabs", the Communist China and the US, apart from a host of other countries, who use this kind of "Eye-for-an-eye-justice System or Retributive Justice System", to correct their societies. Also, there is No proof that the Death penalty prevents crime... .  On March 7, 2015, the world woke up to a horror when the media flashed the news that Iran's judicial system which believes in the ancient concept of "an eye for an eye"-- literally; forcibly blinded a man convicted of blinding another man in an acid attack. Even Saudi Arabia and many Islamic States follow such systems, which are outdated in almost the whole of Europe and some parts of American Continent.  Moreover, following the Andrew Chan and Myuran Sukumaran inside the workshop of Kerobokan jail in Bali executions...

Rolta India Ltd wins "IT Solutions Provider of the Year - Oil and Gas Sector" Award at 2015 Frost & Sullivan India ICT Awards Photo : Snipview.com 20-Jun-2015: Rolta was named "IT Solutions Provider of the Year - Oil & Gas" at the 2015 Frost & Sullivan India Information & Communications Technology (ICT) Awards event in New Delhi on 18th June 2015. This award acknowledges Rolta's innovative solutions tailored to the Oil & Gas industry. The eminent jury found Rolta's flagship BI and Big Data Analytics solution, built on Rolta OneView Enterprise Suite, a key differentiator during their evaluation. Now, with the recent release of Rolta OneView 6.0, the value proposition of its solution suite for the Oil & Gas and other asset intensive industries sector has been raised further. It is a unique prebuilt enterprise software suite that is Cloud-ready and addresses the needs of enterprises to rapidly exploit the business value of Big D...

Three Indian Companies in this Global List Which Has Louis Vuitton, Rolex June 15, 2015: Three Indian jewellery companies - Titan, Gitanjali Gems and PC Jeweller - have been featured in a ranking of top global luxury brands by professional services firm Deloitte. The list is topped by French multinational LVMH, which owns brands like Louis Vuitton, Bulgari, TAG Heuer etc. The list also includes major luxury groups like Swatch, Ralph Lauren, Rolex SA, Prada, Tiffany, Giorgio Armani SpA, and Fossil Group etc. Titan has been positioned 31st in the list, ahead of Italian luxury industry fashion house Dolce & Gabbana (39) and cosmetics and fragrance company Elizabeth Arden Inc (41). Gitanjali Gems and PC Jeweller are 42nd and 44th spots in the list. Titled 'Global Powers of Luxury Goods 2015', the Deloitte list ranks luxury firms from across the world according to their fiscal 2013 luxury goods sales in US dollars. The list featured 75 companies in 2014 but was extended t...

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