Mukand Engineers (Rs.24.40) - This Bajaj group company is mainly into supply and Erection of equipments for Power Generation Plants, Integrated Steel Plants, Aluminum Plants and Hydrocarbon Plants. The contracts cover erection of mechanical plant, Structural, Piping and Electrical works. The company also undertakes Engineering and Project Management jobs for Steel plants and Electrical works at Power plants. For FY12, it recorded a net profit of Rs.3.29 crore on sales of Rs.65.12 crore as against net profit of Rs.6.52 crore on sales of Rs.75.96 crore in FY11. For Q1FY13, it made a profit of Rs.48 lakh on sales of Rs.13 crore. The company has a strong order book position of around Rs.378 crore against Rs.150 crore last year. Of this, it has a
Rs.215 crore order from NMDC that has to be completed before March 2015. Around 55% of the orders are from the steel sector and the balance from the power sector. It is very selective in order booking and most of the orders are remunerative with better margins. The company has declared 10% dividend and its outlook is encouraging as the order book position is almost 5 times the average sale of the last two years. Seeing to the good order position, it is likely to report sales of around Rs.100 crore in the current year and the management may raise the dividend to 15% for FY13. Thus the downside to the stock is limited.
The book value of the share is Rs.44 while the current market price (CMP) is around Rs.24. The ROCE of company has been around 20% for the last three years. Since valuations are attractive, the stock is strongly advised for buying on dips.
* Coromandel International (Rs.276) is a stock that investors can keep a watch to accumulate on SIP basis on dips.
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* Relaxo Footwear (Rs.723) has given good jump from Rs.400 to high of Rs.818 over the last three months. Investors can book 10/15% profit and lock the same in Tube Investments or Kesar Terminals around Rs.60.
* After long consolidation, Somany Ceramics (Rs.49) has given a good upmove this week. Investors can continue to hold the stock for good long-term growth.
* Manali Petrochemical (Rs.10.62) is a 12% dividend paying company on Rs.5 paid-up share with ROCE of 37% & RONW of 27%. It is almost debt free and has a track record of consistent dividend for the last six years. It is good stock to lock part profit for good dividend yield and decent long-term growth.
* La Opala RG (Rs.134) is another consumption story stock where marketmen & investors are showing interest. Investors can keep a watch to accumulate this share on dips around Rs.120/122 levels.
Rs.215 crore order from NMDC that has to be completed before March 2015. Around 55% of the orders are from the steel sector and the balance from the power sector. It is very selective in order booking and most of the orders are remunerative with better margins. The company has declared 10% dividend and its outlook is encouraging as the order book position is almost 5 times the average sale of the last two years. Seeing to the good order position, it is likely to report sales of around Rs.100 crore in the current year and the management may raise the dividend to 15% for FY13. Thus the downside to the stock is limited.
The book value of the share is Rs.44 while the current market price (CMP) is around Rs.24. The ROCE of company has been around 20% for the last three years. Since valuations are attractive, the stock is strongly advised for buying on dips.
* Coromandel International (Rs.276) is a stock that investors can keep a watch to accumulate on SIP basis on dips.
* Haldyn Glass (Rs.18.40) has moved up well from Rs.12/13 to Rs.20 level, which is a decent return in this uncertain time. Investors can book partial profit and switch to Apcotex at Rs.174.
* Relaxo Footwear (Rs.723) has given good jump from Rs.400 to high of Rs.818 over the last three months. Investors can book 10/15% profit and lock the same in Tube Investments or Kesar Terminals around Rs.60.
* After long consolidation, Somany Ceramics (Rs.49) has given a good upmove this week. Investors can continue to hold the stock for good long-term growth.
* Manali Petrochemical (Rs.10.62) is a 12% dividend paying company on Rs.5 paid-up share with ROCE of 37% & RONW of 27%. It is almost debt free and has a track record of consistent dividend for the last six years. It is good stock to lock part profit for good dividend yield and decent long-term growth.
* La Opala RG (Rs.134) is another consumption story stock where marketmen & investors are showing interest. Investors can keep a watch to accumulate this share on dips around Rs.120/122 levels.
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