Central Bank ... Results Updates....

Central bank has posted excellent result. It has posted a profit of 359% over the last year same quarter...

More of that here...

It continues to look promising and with majority of the NREGA to be doled out of central bank it is going to perform better and better in coming days...

It is a good long term bet with potential to be a mulitbagger...

Also attached is the portfolio of tips so far... with NRE zooming up it giving a good return over Nifty.

Performance Of Stock Tips...

I started giving tips from 21st May 2009. Nifty was quoting at 4210 (closing price). Now Nifty is quoting at 4568 a gain of 8.5%...

Stock tips portfolio has gone up by 11.38% over the same period. Actually, the performance of the stock tip portfolio should be much better than 11.38% considering that not all the stock were bought on 4210... but I am not averaging...

JK Tyres

JK Tyres have a posted a good result for quarter ending Jun 2009. The EPS posted is 9 Rs as given here. Currently quoting at 92 Rs, it has a PE of about 10 for this quarter. If we consider three more moderate quarters, its EPS should be around 20 Rs, and PE 4.5...

It has invested 120 cr in OTR manufacturing expansion, its operation commence in Mar 2010. Assuming, it pushes it EPS to conservative of 30 Rs, the PE at current price is only 3. If we factor in the expansion and forward PE of even 8 ( industry average is 10), it should be quoting at 240 in year 2010 Jun or July.

I recommend a buy on JK tyres at current price with buying on dips, for a target of atleast 200 around Jun or July 2010.

Disclaimer: I have some shares of JK tyres at 79 Rs/share. Please do your due diligence before buying any shares.

Gujarat NRE Coke

Gujarat NRE Coke is a great story in making. Its Mar 09 results saw their EPS go down to 2.5 from 5. This resulted in hammering of the stock from highs of 56 to 36 in the current market fall.

They have acquired 3 coal mines which will provide the coking coal required for its various coke plants. Their current capacity is around 1 million tonnes and they are building another plan in nellore, AP which will have another 1 million tonnes capacity... The current EPS does not factor in the 3 coal mines it has acquired.

On conservative estimate in 2011, its capacity should be 2 million tonnes and with coke prices going up (hopefully) their EPS should easily reach 15. If we keep the PE of 16, the price should be around 130 Rs. Current market price is around 39 Rs, which makes this a gain of 300% + in less than 3 years.

I recommend buying Gujarat NRE at current price and keep buying/holding if there is a dip.

Disclaimer: Please do your own due diligence before buying any shares.

Look Who Bought Majorly On 7th July....

When market tanked, look who bought huge amount of shares....


FII are bullish on India and they know that India story is going to continue...

I bought some minor amount of unitech, suzlon, gujarat nre and hfcl....

Disclaimer: Do your own due diligence before buying shares...

Some Shuffling Done...

I booked profit in IVR Prime... well not much  had bought at 71 sold at 72.5 or so.... but on a positive side I got rid of the not so great stock of IVR Prime...

So here is where I moved my profit to....

Suzlon
Unitech
Gujarat NRE
HFCL

ya ya you may ask why HFCL??? well to cut long story short I am having this "junk" stock as it "may" give "good" returns in its "hey days"... I have huge amount of HFCL I am just waiting for some trigger which can push this stock to 20 or so and I exit...

Till then happy investing.... I am again saying this is good time to buy...

Disclaimer: Do your due diligence before buying any shares....

Shares Tip Performance...

I will regularly post the snapshot of the portfolio of shares I give as tips...

Which ever shares I give as tip I have bought the same amounting to 10K INR for each...

Buying Time...

With Budget out, stocks are hammered. There are lot of blue chip stocks available for buying at a cheap price.

I am listing some which I would probably buy if I had money to invest (gave most of spare cash to some one to buy house :-()...

The order given here is not according to the weight-age it is just a random list.

1. Suzlon
2. Unitech
3. IFCI
4. HPCL
5. HINDALCO
6. ROLTA
7. RPOWER
8. GAIL
9. GUJNRE
10. L n T

I might sell some shares of IVR prime and buy some of the above listed one. IVR prime being not so great stock, have not been recommended so far.