Well there are many reasons for this stock to buy.
1. Governent is plaaning to introduce Ethanol Blended Patrol (EBP) Policy in a short while. Where 5% ethanol addition in patrol will be must for oil comapnies. This will bring Patrol cost lesser in india as well as it will be good for environment also. Ethanol produces less emmisions. AT present market price of ethanol is fixed at Rs21.5 but government is planning a support price of Rs27 for ethanol. Everybody knows there will be whole lot of sugar companies which will get benefitted from this policy. But very few know that this textile company is having a ethanol production facility which can produce 200K Litre per day. This was installed by pPaj Industrries 6-7 years back. Once Government policy is out this stock is set to bounce back. AS you can see on charts this stock showed immediate reaction on 22nd july when this policy was discussed in public domain.
This is link for Hanil Era Textile Ethanol Capacity information..
Hanil Era has recently gone beyond textiles. We launched a new fully-automated chemical division that focuses on the manufacturing of ETHANOL, a fuel additive. We supply pure ethanol to chemical units and to oil companies. This 200,000 LPD capacity plant - the largest Ethanol unit in India- is the most contemporary one of its kind, with a cutting-end USA based DELTA T Molecular Sieves Dehydration Technology. The plant was designed & erected by PRAJ industries Ltd, one of the top Alcohol & Distillery constructors. To ensure quality, process parameters are adjusted by the latest PLC controls. Acute inspection is carried at every step- from raw materials to finished goods. The plant works in full capacity and is geared to take large orders for quicker execution. Meeting global competition and guaranteeing consistency in the quality of raw materials is our next goal. We are laying down plans to build down-stream projects, i.e. Sugar / Starch based distilleries in India & overseas markets. The company is also venturing into setting up of Renewable Energy Resource Units such as Bio Diesel plants. These would be from multi feed raw materials including jatropha, vegetable wastes, bio degradable items, non edible oils, waste industrial oils, agro waste etc. .
2. From Last 5 years textile companies are suffering because of the competetion provided by Chinese companies. as chinese currency was devalued and they had upper hand in international markets. Now chainese currency is appreciating day by day and their textile companies are bleeding and most of them are on verge of bankrupcy. As they say ones loss is others benefit.
3. Stock is trading at lower levels which also gives safety in case these news take time to materialise.
So current Price of 5.8 is totally looks justified. Stock can be bought with one year time frame. And a target of 22 can be expected. This is also a technical level as this stock is having a tough resistance at 22-25 levels. In the long term view a price of 100 is totally justified.
Please Do Your Own Research before investig in this stock. This is very volatile stock.
Max India has announced it June 2010 quartely results. Total Income has increased to Rs 101.71Crore from 82.83Crore in June 2009. While it has posted a Net Loss of 2.83Crore compared to Net Profit of 20Lacs in June 2009.
Max india is currently trading near its 52 week low at Rs154.2 .
ICICI Bank has come out with its June 2010 quartely results. Total Income has decreased to Rs 7493.05 Crore from Rs 9223.32 Crore in the same quarter last year June 2009. While Net profit has increased 16.8% to Rs1025.98 Crore from Rs 878.22 Crore in June 2009.
HCL Infosystems has bagged MP UID deal. A good movement can be seen in the counter in the coming days. As on the basis of same work, it can bag deals for other states also. so definetly a must stock to watch in near future.
Larsen and Toubro has got Hyderabad Metro Rail project.L7t was the lowest bidder at Rs12132 crore to build and operate the project.The 71-kilometre-long elevated metro rail project in Hyderabad will have 66 stations and will be completed within five years.
The project had earlier been given to Maytas Infra Ltd. but scrapped due to satyam controversy.
Buy with a short term target of 400. as there is lot of gap between 300 to 400. and technically this gap has to be filled.. on the other hand there will be a pull back in short term... otherwise also in medium to long run this stock is not bad...
Does anybody has any comments on my analysis??
you have purchased at the year high price... Ok... It is in strong momentum zone.. so there are good possibilites for chambal fertilizer to come to 60 level but i can't say whether it will cross this level.. if it is crossing 60-61 levels and staying above it for quite some time then good you can hold it for some more time. otherwise at present 60 is resistance level. watch out for it.
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