Friday, August 8, 2014

PATELS AIRTEMP - IMPORTANT UPDATE

Patels Airtemp (India) Ltd is one stock recommended 3 months back around Rs.55 which currently trading around Rs.80. Those who carefully read the latest annual report may surprised to see that on page No .6 company indicated the pending order book as  Rs.136 Lakhs  against an order book of Rs.40 Cr last year. As a share holder ,  I  contacted with the concerned department of company and they clarified that the same was a typographic error . Let us hope  new corrected AR will be uploaded within few days in BSE and Company website . Requesting my readers to avoid any panic selling due to this misunderstanding . I believe ,company is in a firm wicket and better days  ahead for it.

Link to Original Recommendation HERE

22 comments :

  1. Thanks VP for very quick update... :)

    - Sanju

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  2. Resp Sir, Although a new follower, would not mince words. This is like a work of a connoisseur- Micro-error spotting and then the follow-up with the company and updating your followers so promptly for their welfare. It is a sheer delight to be following you. Regards

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  3. Great find VP sir..accept my sincere thanks.

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  4. Why is that the stocks you research come out with great results ...
    This quarter many stocks are bleeding coz of bad results ..

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  5. After MM Forging, now Excel industries has also delivered excellent results. VP sir, take a bow. Your research and extra ordinary command on stock selection is just phenomenal.

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  6. Hi VP,

    Please share your view on Gujarat borosil result.

    Regards
    Rahul

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    Replies
    1. Solar Glass business is in growing stage, don't expect miracles over night

      Delete
  7. Dear my sirji (god)
    please guide me i have 1000shares of nilkamal at Rs322/-
    i should hold or exit sir i can wait for 2months.
    Thanking you.

    ReplyDelete
    Replies
    1. Sir with due respects to you..i like to answer this question...
      If the question is how long to wait... The answer is indefinitely if you are in the right place..warren buffets principle

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  8. If your period of Investment is for 2 months ,better to exit.

    One more point , This blog is intended only for long term wealth creation and not for get-rich-quick scheme . Better to ignore the suggestions ,if you are a trader , positional trader or short term player in market.

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  9. Thank you so much VP sir. i have holding this stock based on your recommendation

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  10. Sir, looking at the Excel industries quarterly results released today, the environment and biotech division revenue declined by 30% Y-o-Y and losing money. Could you share your views on this.

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    Replies
    1. In my recommendation on Excel, I clearly mentioned Envirobiotech is business of future and not of the past or present . One should take it as a bonus along with the core chemical business.

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  11. dear vpsir,regards....thanks for the recos..am an old follower...holding sequent and ion ex.for long ...holding mmfl from 205 and capf from 200.starting accumulating dion and moldtek.

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  12. Sir,

    Nath Bio genes has pledged shares encumbered yesterday, do u see any knee jerk reaction on this counter following this?

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  13. Sir,whats your view on VIkas wps ltd.??

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    Replies
    1. Not positive due to poor promoter history

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  14. sir your comments on marico kaya results as per my calculation pat before extra ordinary item is 5.4 cr so on equity of 12.9 cr it would translate into 4.25 quarterly earning per share vs loss in the previous quater,am i right in my calculation?

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  15. Hats off to dear VP.. after booking a voluminous loss, I winded up and sat idle for couple of years. It is a pleasure to learn from a guru.

    In the latest annual report available on company site (http://www.patelairtemp.com/images/pdf/Annual-Report-PAT-2013-14.pdf), it is mentioned on page 8 :
    "The Company is having confirmed orders of about Rs.136.37 Crore on hand as on 27 th May,2014. Thus your directors are quite bullish on repeating similar performance in future."

    Three cheers for VP sir :)

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