Skip to main content

Stocks of the week

Asahi Songwon Colors :- (532853 & NSE as "ASAHISONG") (139)

Asahi Songwon Colors Ltd. is in the business of manufacturing pigments. Pigments are basically colourants, adding colour to everything around us, namely ink, paints, plastics, textiles, rubber etc. ASCL was promoted by Mrs. Paru M. Jaykrishna, having rich business experience in the field of manufacturing Pigments & Chemicals and Travel Industry. For Q1FY16, sales have decrease 40% to Rs.58.02crore (because of demerger of the pigment green division of Asahi Songwon to AksharChem (India) Ltd. The swap ratio was five equity shares of AksharChem (India) of ?10 each fully paid-up for every 26 equity shares of Asahi SongwonColors). Despite of lower topline & rise in income tax, PAT has jumped by 19.43% to Rs.5.04crore. Q1FY16 EPS stood at Rs.4.11. The scrip is trading at P/E multiple of just 9.3. Company is regularly paying dividend to its shareholders. It has paid 35% dividend for FY14 & declares 35% dividend for FY15. Stock is still available with dividend right. Stock is looking explosive for investment. Investors can buy this stock with a stop loss of Rs.125. On the upper side, it will zoom to Rs.165--170 levels in the medium term while stock may zoom up to its all-time high rate of Rs.192 in the next 8--10 months. Disclosures: At the time of writing this article, author, his clients & dependent family members may have positions in the stocks mentioned above. The author, his firm, his clients or any of his dependent family members may make purchases or sale of the securities mentioned in website. Author may have positions in above stocks so have vested interest obviously in their going up or down as the case may be. Disclaimer: Investing in any equity is risky. Our recommendations are based on reliable & authenticated sources believed to be true & correct, and also is technical analysis based on & conceived from charts. Investors should take their own decisions. We assume no responsibility for any transactions undertaken by them. The author won't be liable or responsible for any legal or financial losses made by anybody.

Comments

Post a Comment

Popular posts from this blog

Cipla Ltd ( Ready To Fly In Sky No One Catch It)

Cipla Ltd. (BSE Code: 500087) (CMP: Rs.654.95) (FV: Rs.2) (TGT: Rs.1500)  Cipla Ltd is a pharmaceutical company with business units focused on Active Pharmaceutical Ingredients (APIs), Respiratory and Cipla Global Access. The Company offers APIs, formulations and veterinary products. As of 31 March 2015, Cipla offered services across five continents and in countries like India, South Africa, Europe and North America, among others. It offers over 1,000 products across 120 countries that treat cardiovascular diseases, children’s health, dermatology and cosmetology, diabetes, Human Immunodeficiency Virus/Acquired Immuno Deficiency syndrome (HIV/AIDS), infectious diseases and critical care, malaria, neurosciences, oncology, ophthalmology, osteoporosis, respiratory, urology and women’s health. It also offers veterinary products in categories such as companion, equine, general care, livestock and poultry. Cipla’s UK arm has entered into an agreement to acquire two US-based companies...
Post a Comment
Read more

Vinati Organics (BSE Code: 524200 )

Vinati  Organics  (BSE Code: 524200   ) A leading brokerage house has advised its clients to invest in Vinati Organics, the largest manufacturer of ISO Butylbenzene (IBB) and ATBS in the world. The company exports its products to 22 countries with export earnings contributing to around 65 per cent of its total turnover. The company is growing from strength to strength and during the last five years, its sales turnover has more than doubled, from Rs 325 crore in fiscal 2011 to Rs 772 crore in fiscal 2015 and the net profit shoot up by around 125 per cent. The company is doing quite well even in the current year also with the half year net profit amounting to Rs 62 crore as compared to Rs 52 crore in the corresponding period last year.
Post a Comment
Read more

SSPDL LTD Big Play

SSPDL LTD  It is a small company having presence in South India. It has presence in Chennai, Hyderabad, Kerala and Bangalore. Only BSE listed company. But Circuit Filter is at 20%. From Annual Report: Company is primarily focusing on the development of land, plotted lands, mid-size houses, etc. and reduce the construction contracts work. In view of the projects of the Company under execution and in pipe line, the management is expecting better prospects in future for the company. During the year under review Company given loan of Rs 2.80 crore bearing 18% interest per annum to M/s. BHEL Employees Model Mutually Aided Co-operative House Building Society Limited for meeting the shortfall of amount in paying stamp duty for registering plots in Society’s Name. Projects completed during the year 2014-15: - (1). Frangipani, Pudupakkam, and (2). Meeting House/Service Centre, Bangalore. Regarding Ongoing Projects: 23 Cr is yet to receive from IT park (Alpha City pro...
Post a Comment
Read more