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Wednesday, June 20, 2007


Madhav Marbles was first recommended by me around Rs.90 levels approx. six months back after which it rallied to 162 levels within approx. one month of my reco. It stayed in the 140s for quite a long time. Then after the market crash in March, this stock has come down to its current lows of around Rs. 75. The company has already posted an EPS of Rs.20 for nine months and the full year EPS could be approx. Rs.25 or more. The reason for its fall to current levels could be the depreciating value of the Dollar against the Rupee, besides Operator activity. The company has a board meeting on the 28th of June, 2007 to declare the annual results and discuss dividend. I think it is available at a steal presently and can give rich rewards in the future, if held patiently. The delivery volumes are a very high 79% which indicate accumulation. Cheers!

Friday, June 1, 2007


The demand for denim is picking up again, and Arvind Mills is currently trading near its year's lows. I reckon it's time to start buying this stock again. Arvind Mills is a frontline stock in the textiles sector and has posted an eps of Rs. 5.40 for the year ended, March, 07. There was a time when Arvind Mills used to trade at a PE of even 20, but currently trading at a PE of only 8. The delivery volumes for yesterday were a very high 69%. Technically also this stock looks ripe for an upmove, with immediate targets of 55 and then 68. For long term investors the targets can be over 100 also. Cheers!

PS: I continue to like SRF Limited, Salona Cotspin (bse) and FCS Software. These are at the top of my buy list.