Big Shots: Porinju Veliyath’s latest rarely known bet.

Kerala investor and portfolio manager Porinju Veliyath has bought a new stock.

His latest pick got spotted in the March quarter ended Shareholding Pattern declared by the company called RACL Geartech Ltd.

Porinju Veliyath’s PMS firm EQUITY INTELLIGENCE as of end of the march quarter holds 100000 shares of RACL. The stock traded only on BSE (BSE CODE:520073)  at nearly 40 having a upper circuit filter of 5% in the T2T Segment.

ABOUT RACL Geartech Ltd from their website: Formerly known as Raunaq Automotive: Established in the year 1989, the name of RACL Geartech Limited has garnered tremendous respect in the field of manufacturing of automotive components that are used widely in Motorcycles & Scooters, 3 & 4 Wheeler Passenger & Cargo Vehicles, RACL has stretched out its production capacity to include innovatively designed assortment of sub-assemblies, Industrial Gears for Electrical Switch Gears & Circuit Breakers, Winches & Cranes.

The company has a team of 350 employees who work efficiently. It is this combination of technology and manpower that has fetched for RACL Geartech a credible standing. Headquarter of this company is located in New Delhi. Aside from this, one of the state-of-the-art manufacturing units of the company is located in Gajraula and the other division has been set up in Noida. The manufacturing unit in Gajraula is on the national highway NH-24, around 100 kms from New Delhi while the one in Noida is situated 15 kms from Delhi in state-of- the- art Industrial hub. Keeping track of the industrial trends, RACL Geartech Ltd manufactures products with innovative designs that appropriately serve the needs of automobile sector and are available in diverse dimensions. RACL is envisioned to achieve sales revenue of over US$ 25 million including export revenue of over US$ 10 million in immediate future as mark of its consistent growth & success. Products Transmission Gears & Shafts Reduction Gears Trains CVT Gear Boxes Engine Timing Gears Sub-Assemblies Industrial Gears Synchronizing Cones & Rings Precision Machined Parts

Clients:It has created a strong base all across the world and has a long list of satisfied clients in countries like Japan, Germany, Italy, Switzerland, Austria, Thailand, UAE & Sri Lanka. Its esteemed list of Tier I and Tier II customers includes:

Clients

 

FINANCIALS:                                                                                                                               For FY2016, RACL reported revenue of 117.74 crores, net profit of 3.70 crores and EPS of Rs 3.73. At current price of nearly 40 RACL is at a P/E of under 11.

Currently RACL is at a market cap of just about Rs 40 crores.

REMARKS: Price of the stock has remained in a range of 33 to 49 right from 1st Jan to 31st March so Porinju’s buying must have been between this range only I assume.

Let us see how the stock fares.

DISCLAIMER:  Registration status with SEBI: I am not registered with SEBI under the (Research Analyst) regulations 2014 and as per clarifications provided by SEBI: “Any person who makes recommendation or offers an opinion concerning securities or public offers only through public media is not required to obtain registration as research analyst under RA Regulations”

DISCLOSURE: It is safe to assume that i might have RACL Geartech Ltd in my portfolio and hence my point of view can be biased. Readers should consult their financial advisory before any investments.

 

 

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Big Shots: Porinju Veliyath’s latest pick is PARNAX LAB LTD

Kerala investor and portfolio manager Porinju Veliyath has bought a new stock today.

His latest pick spotted in today’s (30/03/2017) bulk deal is Parnax Labs Ltd.

Porinju Veliyath bought 100,000 shares of Parnax at 55.52 a piece. The stock traded only on BSE  closed at 55.90 having a upper circuit filter of 5% in the T2T Segment.

ABOUT PARNAX: Parnax Lab Ltd. is a pharmaceutical company headquartered in Gujarat.

The company has subsidiary named “Naxpar Pharma Ltd” which has manufacturing unit in Baddi (Himachal Pradesh) and is into bulk syrup and tablet formulation manufacturing for pharma giants such as Glenmark, Kopran, Pfizer, Ranbaxy, Sun Pharma, Wockhardt, Zuventus, Wanbury, Cipla and etc to name a few.

The company has a vast product portfolio with core segments being: Alimentary System, Cardiovascular System, Musculoskeletal System, Anti-Biotics, Anti-Malarials, Central Nervous System, Vitamin Supplements, Respiratory System and Skin including Herbal Comestics and Nutraceuticals.

The manufacturing facilities of the company is well equipped along with a separate area for Ayuverdic formulations.

Naxpar Pharma is looking to acquire FDA/MHRA/TGA/MCA accreditation soon for the Baddi unit which help them venture out into the large export markets.

The company has its subsidiaries in Africa and Nigeria and also has a presence in Mauritius and Kazakhstan.

FINANCIALS:                                                                                                                               For FY2016, Parnax reported revenue of 71.18 crores, net profit of 2.51 crores and EPS of Rs 2.95. At current price of 55 Parnax is at a P/E of under 19. However if we see last 4 quarters data the EPS is at 5.35 giving it a P/E of around 10-11.

Currently PARNAX is at a market cap of just Rs 48 crores.

There is not a lot of Data available about Parnax online, and it doesn’t appear to be a famous script for investors. However, The Ace Investor blog by Prem Doshi has a detailed note on Parnax posted back in February 2015 so here is the link to the same: http://theaceinvestor.blogspot.in/2015/02/value-pick-parnax-lab-ltd.html

 

DISCLAIMER:  Registration status with SEBI: I am not registered with SEBI under the (Research Analyst) regulations 2014 and as per clarifications provided by SEBI: “Any person who makes recommendation or offers an opinion concerning securities or public offers only through public media is not required to obtain registration as research analyst under RA Regulations”

DISCLOSURE: It is safe to assume that i might have Parnax Lab Ltd in my portfolio and hence my point of view can be biased. Readers should consult their financial advisory before any investments.

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Chart Update: Alkem Laboratories Ltd

ALKEM LABORATORIES LTD
CMP 2190.

alkem2

Pharma stocks which used to be a safe heaven is nowadays bit volatile thanks to the FDA issues all the time. Alkem at cmp 2190 is having a V-Top Pattern breakout which looks set to take the stock to higher levels. Fundamentally too Alkem is not very expensive and trading at par with peers. I feel at cmp of 2190 the stock can do well with a stop-loss of around 2100 the stock can give a move of 15-20% in the short-term.

DISCLAIMER:  Registration status with SEBI: I am not registered with SEBI under the (Research Analyst) regulations 2014 and as per clarifications provided by SEBI: “Any person who makes recommendation or offers an opinion concerning securities or public offers only through public media is not required to obtain registration as research analyst under RA Regulations”

DISCLOSURE: It is safe to assume that i might have Alkem Laboratories Ltd in my portfolio and hence my point of view can be biased. Readers should consult their financial advisory before any investments.

 

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Chart Update: Interglobe Aviation (Indigo)

INTERGLOBE AVIATION
INDIGO: CMP 878.

Aviation sector looks positive overall, since CRUDE has crashed below 50$ on NYMEX.
Great Investor Warren Buffett has already expressed that Aviation can move well going forward.

indigo
INDIGO is trading in a Triangle and trend-line channel, Any close above 893 triggers a breakout. From highs of almost 1400 the stock went as low as 698 I believe targets of close to 1100 can be easily achievable given the crash in crude. Ideal SL should be around 845.

DISCLAIMER:  Registration status with SEBI: I am not registered with SEBI under the (Research Analyst) regulations 2014 and as per clarifications provided by SEBI: “Any person who makes recommendation or offers an opinion concerning securities or public offers only through public media is not required to obtain registration as research analyst under RA Regulations”

DISCLOSURE: It is safe to assume that i might have Interglobe Aviation Ltd in my portfolio and hence my point of view can be biased. Readers should consult their financial advisory before any investments.

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We Are Back

Friends apologies for not updating the website.

We are now fully back and promise to update the latest from The Indian Stock Market every day and every event which is important for you to read about.

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Chart Update: Jayshree Tea

Jay Shree Tea Industries Ltd: CMP 114.

Tea and Plantation sector is hotting up and in all probabilities Tea & Plantation sector might move like how Sugar sector has moved or how the Paper sector rewarded its investors.

In such a scenario if we have a good breakout in a Tea stock it is going to interest us.

jaysreeteaJayshree Tea is having a breakout on the daily charts, the inverse head and shoulders pattern broke out yesterday on 23rd January 2017. And the breakout was aided by heavy volumes.

I guess Jaysree Tea becomes a hot short-term trade for everyone with a stop near 106. The target according to the pattern height would run to nearly 140+.

DISCLAIMER:  Registration status with SEBI: I am not registered with SEBI under the (Research Analyst) regulations 2014 and as per clarifications provided by SEBI: “Any person who makes recommendation or offers an opinion concerning securities or public offers only through public media is not required to obtain registration as research analyst under RA Regulations”

DISCLOSURE: It is safe to assume that i might have Jay Shree Tea Industries Ltd in my portfolio and hence my point of view can be biased. Readers should consult their financial advisory before any investments.

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Bulk Deals: Atlas Cycles on Friday the 13th.


Atlas Cycles looks like a darling stock for the markets.. In last 1 year stock has gained from levels of 160 odd to almost close to 700 now. A whooping 340% rally.

But the crazy thing apart from the rally is the Volume on Friday the 13th January 2016. The stock had an volume of 34,82,863 on the NSE and 8,51,652 shares on the BSE which means a total of 43,34,515 volume.

This is when the company has total share capital of 32,51,919 shares. So that means more than the total Share Capital got traded in a single day.

That’s not all, Lets have a look on the bulk deals on NSE and BSE. Surprisingly NSE’s bulk deal list is full of Atlas Cycle.

atlas nse

As you can see all the bulk deals are mostly market making activities for Atlas Cycle, Surprisingly total amount of shares traded like that with a penny of difference on NSE in bulk deals segment is 25,33,075 shares out of the total NSE volume of 34,82,863 shares.

Also BSE has market making bulk deals to the tune of 5,77,506 shares out of 8,51,652 total traded volume.

Market Making is acceptable in India as we know, but such an incident where such a large percentage of volume being market making bulk deals and that it crosses even the total share capital is surprising and I also believe it is a rare event. Lets hope SEBI takes a look at this.

 

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Chart Update: Dhanuka Agritech Ltd

Dhanuka Agritech Ltd: CMP 790

dhanukaagri

As you can see on the daily charts of Dhanuka Agritech there is a Inverse Head and Shoulders/ Cup & Handle Pattern breakout close to 790 levels.

Stock made its all time high in today’s candle, Breakout with All Time High would ideally mean that the trend is really bullish.

Dhanuka Agritech manufactures a wide range of agro-chemicals like herbicides, insecticides, fungicides, miticides, plant growth regulators in various forms – liquid, dust, powder and granules. The Company has a pan-India presence through its marketing offices in all major states in India, with a network of more than 7,000 distributors/ dealers selling to over 75,000 retailers across India and reaching out to more than 10 million farmers. The Company has technical tie-ups with 4 American, 5 Japanese & 2 European Companies.

Recently, Agri sector stocks have been rallying sharply. It will be interesting to see how Dhanuka moves now since the patterns target are pretty huge at 1100+, any stop loss would be good near 720 levels.

DISCLAIMER:  Registration status with SEBI: I am not registered with SEBI under the (Research Analyst) regulations 2014 and as per clarifications provided by SEBI: “Any person who makes recommendation or offers an opinion concerning securities or public offers only through public media is not required to obtain registration as research analyst under RA Regulations”

DISCLOSURE: It is safe to assume that i might have Dhanuka Agritech Ltd in my portfolio and hence my point of view can be biased. Readers should consult their financial advisory before any investments.

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Chart Update: Ramco Systems Ltd

Ramco Systems Ltd: CMP 380, from highs of 1110 in August 2015 stock had corrected till 285 last month. Now the stock has shown some recovery and come back to 380.

ramcodaily

That looks like some nice bounce back with huge all time high volumes right there on the daily charts.  Apart from the daily charts I noticed an interesting pattern on the Intraday 5 Min Charts.

ramco-intraday

On 4th of January stock rallied sharply and in one 5 minute candle rallied from 348 to 378 and from there topped at nearly 387. If we see the chart it has a Flag/Pennant sort of formation where post the vertical rally the stock can consolidate in a range and then breakout to touch new highs. In Ramco Systems the lower end of range is near 375 and the upper end is near 383. I guess RAMCOSYSTEM is a strong buy for traders with a stop of 375 and a target of lot lot higher, given the turnaround on daily charts.

DISCLAIMER:  Registration status with SEBI: I am not registered with SEBI under the (Research Analyst) regulations 2014 and as per clarifications provided by SEBI: “Any person who makes recommendation or offers an opinion concerning securities or public offers only through public media is not required to obtain registration as research analyst under RA Regulations”

DISCLOSURE: It is safe to assume that i might have Ramco Systems Ltd in my portfolio and hence my point of view can be biased. Readers should consult their financial advisory before any investments.

 

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Big Shots: Porinju Veliyath’s latest pick is Vedavaag Systems

Kerala investor and portfolio manager Porinju Veliyath has bought a new stock today.

His latest pick spotted in today’s (03/01/2017) bulk deal is Vedavaag Systems Ltd.

Porinju Veliyath bought 150,000 shares of Vedavaag at 71.65 a piece. The stock traded only on BSE  closed at 71.65 having a upper circuit filter of 10%.

ABOUT VEDAVAAG: VEDAVAAG Systems India Limited is setup in the year 1998 and over the years evolved as niche player of e-governance solutions and citizens services infrastructure management.

VEDAVAAG went public in the year 2000 and bagged its first project in e-governance solutions along with ECIL in 2001 to execute a five year contract for computerized bus pass service for Delhi Transport Corporations and went on to bag similar contracts from many other state road transport undertakings in Tamilnadu , Karnataka and Maharashtra.

VEDAVAAG has built well acclaimed solutions for local body management – for municipal e-governance – covering Panchayats, Nagar Palikas and Municipal Corporations. VEDAVAAG bagged its first project to deliver local body e-governance solutions to Municipal Corporation of Delhi in the year 2003 and that paved way for VEDAVAAGs growth in to e-governance sector in a big way.

VEDAVAAG has set up over 2000 citizen services centers in Delhi , Haryana and Bihar to reach out to people. These centers have been set up under the Government of India Mandate to provide various G2C, B2C and B2B services. VEDAVAAG has launched various citizen services under the brand ABHEE and proposal is on to setup these centers are free standing units on franchising basis.

NATURE OF BUSINESS:                                                                                                            1. e-Governance services: The company continues to get good e-Governance orders for projects such as national population register and Biometric data collection for Aadhaar card generation and recently project from stock holding as Business Associate.
2. Knowledge center solutions
3. Citizen service delivery management
4. New services e-integration

FINANCIALS:                                                                                                                               For FY2016, Vedavaag reported revenue of 81.83 crores, net profit of 5.38 crores and EPS of Rs 3.81. At current price of 71.65 Vedavaag is at a P/E of under 19.

Currently Vedavaag is at a market cap of just Rs 100 crores.

Since E-Governance has become the theme in the markets recently post Demonetization I think Vedavaag is an interesting catch by Porinju sir.

Porinju had picked most of the other E-Governance stocks like Tera Software, Cosyn etc. at very low levels compared to today’s price.

DISCLAIMER:  Registration status with SEBI: I am not registered with SEBI under the (Research Analyst) regulations 2014 and as per clarifications provided by SEBI: “Any person who makes recommendation or offers an opinion concerning securities or public offers only through public media is not required to obtain registration as research analyst under RA Regulations”

DISCLOSURE: It is safe to assume that i might have Vedavaag Systems Ltd in my portfolio and hence my point of view can be biased. Readers should consult their financial advisory before any investments.

 

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