Buy Shree Ganesh, V-Guard, Omkar Specialty: Kapur Moneycontrol (19/10/2012)
In CNBC-TV18's popular show Bull's Eye, Ashish Kapur, Investshoppe shares trading strategy of the day.
Total income has increased 31.67% from Rs 311.41 million for the quarter ended March 31, 2011 to Rs 410.03 million for the quarter ended March 31, 2012.
Long on Shree Ganesh Jewellery with a target of Rs 118 and a stop loss at Rs 106. This is a pick which I am retaining from my yesterday’s recommendation. We feel that the company has huge growth prospect going forward especially with their foray into retail jewellery in a big way. The company also has taken a lot of initiatives like to improve their margins by setting up their own gold refining plant and also setting up gold welding machines at various places across the country,
Buy V-Guard Industries with a target of Rs 450 and a stop loss at Rs 404. This again I am retaining from my yesterday’s picks. The company which is a very well established player in the consumer appliances market and has a very strong presence in the southern market is diversifying geographically by entering into new markets especially in the northern and the north eastern market and is also diversifying product wise and is entering into various appliances like electric fans, inverter etc
Long on Omkar Speciality Chemicals with a target of Rs 110 and a stop loss at Rs 98. This manufacturer of pharmaceutical and chemical ingredients is doing very well and we are quite bullish on the prospects of this company. The company is undergoing a significant capacity expansion which is set to increase its turnover many fold. The company is also moving up the margin ladder and has recently acquired stake in Lasa laboratory which marks its entry into pharmaceutical products.
Long on Innoventive Industries with a target of Rs 140 and a stop loss at Rs 123. Innoventive Industries is a manufacturer of various steel, engineering and automobile products which are used by a host of industries like oil drilling, automobile, engineering and various other industries. The company has been doing well and the recent acquisition of 51 percent stake in ITPL augurs very well. The company has a very strong presence in various high margin engineering products.