INTRADAY TIPS FOR OCTOBER 29-10-2012 MONDAY

SCRIP

ACTION

TRIGGER

TARGET 1

TARGET 2

STOPLOS

ALLCARGO

BUY

131.50

133.25

136.00

130.00

IDFC

BUY

157.00

158.50

160.60

155.50

Thursday, September 6, 2012

STOCK VIEW - FLEX FOOD

Flex Foods Ltd
cmp:25
Code:523672
Flex Foods Limited, part of Uflex Group of companies, started its operations in 1992 as an Export Oriented Unit, located in Dehradun-Uttarakhand (foothills of Himalaya) engaged in Freeze Drying,Air Drying, Individually Quick Frozen(IQF) and Canning of white button mushrooms, fruits & vegetables, culinary herbs and green pepper corns catering to European, US, Canadian, Australian and Domestic market.. The company has its own captive state of art mushroom growing facility with fully equipped mushroom spawn and compost preparation facilities. The Company has complete backward integration for cultivation of culinary herbs, fruits & vegetables with 100% buy back arrangement through contract farming.Food processing industry has been growing at over 13 percent despite the global slowdown.The Indian food industry is estimated to be worth over US$ 200 billion and is expected to grow to US$ 310 billion by 2015.And now the government is aiming to double the turnover in the next five or six years by setting up mega food parks to attract global capital. The future of the industry looks bright, as the Government of India has taken several measures for developing this industry.Indian mushroom industry has sufficiently geared itself up for a considerable growth in production over next few years as the export demand escalates. The mushroom industry's future is positive due to changing
public perceptions of the fungus.The numbers has been impressive for the last fiscal.For the unaudited full year, net profit rose 21.51% to Rs 4.18 crore in the year ended March 2012 as against Rs 3.44 crore during the previous year ended March 2011. Sales rose 10.39% to Rs 48.56 crore in the year ended March 2012 as against Rs 43.99 crore during the previous year ended March 2011.The sector has good potential and thus if it can scale up its operations-the scrip may attract superior valuations in the bourses.It pays a dividend of 2 bucks which provides an awesome 8% tax free dividend yield at the present price.Downsides are very limited from present levels.

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