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Tuesday, October 28, 2008

Results Analysis - Allcargo global logistics - Mundra Port - Deepak fertilizer - K S Oils - SUN Pharma - Moser Baer

Shocking statistic:
Japan's Nikkei hits 26-year low. What's the 26-year low for BSE Sensex? I don't want hear that statistic. Nikkei touched 1982 levels during intraday trading on Monday.

Analysis of Quarterly results: Q2 results are giving clear idea about the real gems that outperformed competitors with their competitive performance and inspiring results. Public sector companies like SCI, Container Corp, REC, PFC, PTC announced good results while regular giants like NTPC, BHEL and Maruti reported poor results.

1. Allcargo global Logistics: Excellent results. Logistics Company announced 76% increase in sales while net profit rose by 130%. Growth investors need to watch out.

CMP: 456; P/E: 15.5; Book value: 170.

2. Mundra Port and SEZ:

Bumper results. Company announced more than 84% rise in sales while net profit rose by 163%. Mundra port is a must have stock in every "growth investor portfolio". Keep it up. High valuations and huge debt are a concern. Mundra may find it difficult to sustain such high valuations like Educomp and Punj Lloyd despite announcing bumper results.

CMP: 375

3. Deepak Fertilizers:

Excellent results. Company outperformed competitors by announcing 67% rise in sales and 91% increase in net profit. Keep it up. Deepak fertilizers is a safe buy for value investor.

CMP: 47; P/E: 3; Book value: 80.

4. KS Oils:

Wonderful results. Company announced 67% rise in sales while net profit increased by 60%. KS Oils got value creator award from Outlook Money-NDTV Profit. Excellent stock for "growth portfolio".

CMP: 40; P/E: 9 Book value: 20

5. Sun Pharma: Wonderful results. Pharma major announced 24% increase in sales and 56% rise in net profit.

6. Adani Enterprises: Good results. Company reported 76% increase in net profit while sales rose by 21%.

7. Usha Martin: Positive surprise. Comapny announced 40% rise in both sales and net profit.

8. Shipping Corporation of India (SCI): This cash rich giant announced decent results despite turbulent atmosphere in the sector. Company announced 27% increase in sales and 50% rise in net profit. Good value stock like other PSUs.

9. Moser Baer: Company reported 42% rise in sales. Net loss of Rs 42 crore Vs net profit of 3 crore. As I mentioned in my previous posts, this is a not a stock for short term investors as it posts losses for some more quarters. Only long term visionary investors should accumulate this stock on every fall. Positives are Photovoltaic business sales and less losses than Q1.

Decent results: Torrent Power, PSL, Page Industries, Zicom Electronic Systems, Jai Corp, Godawari power, Unity Infraprojects, Bata India, ICRA, Union bank,

Poor results: TV18 India, KLG Systel, Kalpataru Power transmission, Thermax, SPEL Semiconductor, ADLABS, United Breweries, Godrej Consumer Products, Phillips Carbon Black, Batliboi, IL&FS Investment, Binani Cement, Central Bank of India, REI Agro, Minda Industries, Jet Airways, INOX Leisure, Su-Raj Diamonds, Arvind, Dish TV, Bharat Forge and Pidilite industries.

Important dates:

1. Record date for Jindal Drilling stock split: November 14.

2. Crucial results: State Bank of India and ICICI Bank will announce results which will give some idea about the ICICI financial status.

Must read:

1. Business Standard analysis on Q2 results.

Final verdict: Small and new investors should stay away from stock markets. If you underestimate this market, no one will save you. 9 out of top 10 highest one day rallies occurred during 1929 depression. Experienced investors should patiently wait for such rallies as long as this bear market exits.
Source: Stock Market Guide

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