Time to re-visit Alok Industries. Last year I had recommended the stock at the price of 13.60 with an initial target of 25, which was immediately met. Currently the stock is quoting very cheap at around 21.60 levels. Book Value itself is 34.48 (March,2010) Source : http://www.moneycontrol.com/financials/alokindustries/balance-sheet/AI54
Not only is this stock trading at very low PE levels, technically also it looks ripe for a breakout after a long consolidation. The management is looking to reduce its debt levels and has aggressive growth plans. Alok Industries is a fully integrated textile company and is amongst India’s largest textile manufacturers. It has state of the art manufacturing facilities and boasts of the highest quality standards.
This stock is a potential multi-bagger for seasoned investors.
Company website : http://www.alokind.com/
Subscribe to:
Post Comments (Atom)
12 comments:
i will definitely buy this stock. what should i do with compact disc. weather i should buy it for 10-20% gain. i think all the entertainment industry is performing very good. And this stock is yet to perform. Whats your view sir.....
hi superstar,
what would be the short term target for alok
regards
Hi Superstar,
Wanted to know your views on Microtech. Looking at valuations and profit margins, this is one of your best recommendations. But i really fail to understand why does it not go up? Do you have any idea? I have been invested in it since you gave this tip.
Thanks,
Vivek
Hi Amit, CD is currently a Hold. K Sera Sera is a Buy.
Hi Raj, Alok has moved up from 21.60 to 23.40 within 3 days of my post. For short term, it may touch 24-24.50.
Hi Vivek, Microtech has moved from 150 to 230 after I wrote about it on my site. And you say it hasn't moved?
Cheers!
Hi Superstar,
I didnt mean it that way. Definitely it has moved. But dont you think that considering its fundamentals and growth (its overseas pacts), it should be moving much faster? What do you think?
Thanks,
Vivek
Hi Superstar,
I hold Crominet as well as Alok both of them i bought after your suggestions Now both are in good profits. Can you tell me the targets for both and should i hold or sell them. Thanks a ton for your advise. I have been following you since ages and i am very thakful to you
thanks superstar and am holding on to cotsyn,ksera and cornimet as tightly as i can :)
regards
Dear SS
I access yr blog after a long considerable time since feb.2008, It is utterly suprised to note that still u r providing your execellent stock view. U r great genius. In this time who one is giving tips free of cost and u r exception that providing without any consideration. How nice to seen ur bolg.............. This is the financial petronage towards yr side.
No doubt as per yr recomd. a no.of person/small investor have been benefited a lot. So once again I sincerely thank u on behalf of all investors. Wish u good health, live long.
Hi Vivek,
Microtech tends to move in one spurt and then rests for a few months. That has been its progress chart till now. The overall markets are at a crucial juncture, so everyone is cautious in general. It's a hold for the long term, but short term corrections along with the overall market cannot be ruled out.
Hi Mithun, Raj, Real Value,
Thank you so much for your kind words of appreciation. They mean a lot to me. God bless you all too.
Alok may face some resistance around 25 levels for the very short term, but it can be held for the long term. The company has good real estate assets which will help it to retire its debts in the future.
Cheers!
hi superstar,
is it advisable to book profits and buy them back at lower levels in cronimet?.i am a long term buy as per the advise.
regards,
Hi Superstar,
Alok Industries zoomed today and closed above 25 with decent volumes. Hope it sustains its upmove. Thanks again for your pick. I am a small time investor so invest in small amounts but i make sure to invest in most of your picks. So even though in small amounts, I am invested in a lot of them be it Facor, K Sera, Micro Tech or Alok. Thanks again :).
Vivek
Hi Superstar,
First thanks for such nice & qualitative information.
I bought Alok Industries 10000 shares for long term(6-7 years). But post my buying i have started listing so much negative about this company. Whats you call on this share for long term.
Thanks in advance!!!
Post a Comment