#TRAI cuts Interconnect Usages Charge by 60% to 6 Paisa. Good news for RIL, Bad for all others. Idea- Vodafone worst hit.
Tyre companies in focus. Anti dumping duty on truck &bus radial imports from China for 5 years. Double benefit to tyre companies as rubber prices are also softening in world market. JK Tyre have 31% of Mkt share in TBR. Focus on #JKTYRE #APOLLOTYRE #MRF #CEATLTD
Hindustan Copper signs memorandum of understanding with Nalco and Mineral Exploration Corp to form a joint venture for exploration and sale of minerals.
Surya Roshni recieved orders of 48.6 cr through competitive e-bidding for LED luminaire & LED street lights
Shreyas Shipping to acquire a container vessel of about 1500 TEUs. Delivery expected by Mid-October.
Cabinet to consider proposal for rural electrification scheme today. Under scheme, Govt will provide subsidy on transformers, meters & wires. Keep an eye on #BBL #HAVELLS #SIEMENS
CAN BE 2x: #SHKARTP (Shree Karthik Papers Ltd.)
Coimbatore based SKPL is engaged in production of writing and printing paper with capacity of 14000 tonnes per annum. SKPL uses waste paper as raw material. _Total land area is 30acres.
With revival of paper industry, SKPL has been doing extremely well and share price appears poised for big rise
FINANCIALS:
Q1FY18 Q1FY17
Sales 16.31. 9.27
NP. 1.28. -0.38
Equity. 9.55
For FY17, co had reported sales of 47.62cr with PAT of 2.21 Cr
However co has put stellar performance for Q1:
Sales have risen to 16.31 Cr Vs 9.27cr and PAT 1.28cr Vs Loss of 38lacs.
For FY18, SKPL should report sales of 68-70cr and 5.75cr PAT.
PROMOTER STAKE 74.52%
Mkt value of 30acre land alone is more than its mkt cap. On this vast land, co can undertake big expansion of production capacity
TP Rs Rs 35-38 in 4-6 months
Sector to watch
Positive: Tyre
Stocks to watch:
Positive: #RELIANCE #HINDCOPPER #SURYAROSNI #SHREYAS #STAR
Negative: #IDEA #BHARTIARTL
