Monday, November 24, 2014

SKM EGG PRODUCTS EXPORTS - UPDATE

This is one stock we have discussed a lot in recent times . Promoter purchase from open market reported  in this stock for the past many months . As per the latest disclosure filed by the company in NSE Today  , promoters purchased shares from open market even above Rs.100 ( Check latest filing HERE). This clearly indicating promoters confidence in their company. After a sharp run-up , stock corrected substantially in past few days . I believe , it is the time to start accumulation ( for those not entered earlier) with a long term view .

74 comments :

  1. Sir Your precious views on Dutron Polymers?........
    Already tried for your views many times so please dont let me down this time...........
    Thanx in advance

    ReplyDelete
  2. Hello Sir,

    Thanks for suggesting wonderful stocks for newbees. I am holding Nitesh Estate (price 16). Currently script is trading at 12.80. Can you please suggest if I should hold this?

    ReplyDelete
  3. Thanks for update sir.bought some on Thursday at 108.Will buy more tomorrow.

    ReplyDelete
  4. Thank you VP sir for your latest update on SKM. I feel this correction is technical after gaining 20 times in 9 months. Anyway, thank you for identifying another Avanti-in-making stock in a short time to come.

    ReplyDelete
  5. Thanks for the update Sir,
    I belive that Earning respect is not so easy and maintaining the same over the years is very tough.
    I salute you.

    You are making your contribution to help the common investor with out expecting any return.You made your life is worthful.
    Most of us NOT doing any good to the society we come and leave the world either because we are incapable or we don't want to do some thing good in our life.
    Sir I haven't added any recommonded shares yet will start after my budget permits.

    ReplyDelete
  6. Please update on polyplex. .its going wrong direction compare with market..
    Is there any micro news which we can not find out..Please need your advice..

    ReplyDelete
  7. Dear VP sir,

    What is your views on Surana Solar ltd.

    ReplyDelete
  8. Dear VP Sir,
    Have tried to get your response on GILLANDERS through 'Search but unable to do so. Query directing to your original recommendation.
    Please help by giving your views post Q2 Results.
    Regards
    Afra

    ReplyDelete
    Replies
    1. Currently its engineering division is a drag on its financial , let us hope the same will improve once there is recovery in core sectors.

      Delete
    2. Many thanks VP Sir.
      Will continue to hold and hope better times will come in the immediate future

      Delete
  9. Dear Sir,

    Thank you for the update. Also special thanks for sharing basics on how to look at financial statements. At the risk of sounding repetitive as informed by many of them, thanks for service rendered by you in helping small investors. Hope beginners like me follow your valuable advice in studying companies, sectors and do stock picking which will truly make your effort worthwhile.

    ReplyDelete
  10. Hello VP sir,
    Please share your views on indo count industries. Can it grow more from here?

    ReplyDelete
  11. Sir can you please explain instead of relesing their pledged shares why they are buying from open market .

    ReplyDelete
    Replies
    1. Only a small portion is pledged now. In last weeks interview MD clarified about pledge, link to which I re-posted few days back.

      Delete
  12. He just purchased 5000 shares sir,

    After the sharp up run, I think it would correct substantially.. The operators who accumulated the stock during the GTS phase at a lower level would unload their positions, what ever may be the fundamentals.. so it would be better for the retail investors to wait some days more.. while keeping a sharp eye over the volumes.

    ReplyDelete
    Replies
    1. My stock purchase strategy is for long term and based on stocks value , not depends on the presence or activity of operator and with an aim to make quick bucks due to change in mood .

      Delete
  13. Dear VP Ji Good Evening, I have a request behalf of all your followers we seen lot of momentum in Morepen Laboratories Ltd can you kindly check this counter and give your view about this stock,I know your not tracking it but if possible if you feel this is a good counter to analyse then you can provide your valuable comments and updates.

    ReplyDelete
    Replies
    1. There is lot of court cases against the promoters on account of non payment of FD. Future depends on the outcome of many such cases, hence neutral on it.

      Delete
  14. Hi sir,
    I have been holding polyplex for the last two months, at this time i need your valuable suggestion, whether to hold this stock r sell it.

    ReplyDelete
    Replies
    1. Two months !

      Reading your comments , I can realise what you are expecting from market . Please book loss . This blog is intended only for long term investors and may not help to achieve your goals.

      Delete
    2. VP Sir, that is very good reply for people who come to this blog with Short Term Gains in the mind.

      Delete
  15. I had 4,000 SKM shares already. Today I bought another 6,000 shares. Will be getting money in another 3-4 days to buy another 5,000 shares to reach my target of 15,000 shares :) Hoping that it will not go to Upper Circuit by then :)

    ReplyDelete
  16. Hello Sir,

    What is your view on Infinite Computer Solutions.

    Thanks in advance.

    ReplyDelete
  17. VP sir, I know you are not tracking JBM Auto ltd., but the stock has tanked badly after I invested in it. Earnest request from a beginner to look into the stock and advice plsssss

    ReplyDelete
    Replies
    1. What to comment about a company without tracking it and its management for a long time.

      Delete
  18. Dear VP,

    Could you please share your views on Tokyo Plast International

    ReplyDelete
    Replies
    1. Recommended @ Rs.14 .Neutral at CMP above Rs.35

      Delete
  19. Hi, your comments please on Caplin labs in the wake of excellent results for the last quarter.

    ReplyDelete
  20. Hi Sir.
    Kindly share ur views on PNB Gilts and KKDL..
    Thanx in advance

    ReplyDelete
  21. sir please advise your long term view on snowman logistics and abm knowledgeware

    ReplyDelete
    Replies
    1. Snowman is in a potential sector , but market price is not cheap. Let us wait and see how the management exploiting the available opportunities and scaling up the business. Keep an eye on it.

      Delete
  22. Hello VP,

    what is your view on Poddar pigments Ltd.

    ReplyDelete
  23. dear sir
    hindustan tin works has come down from my purchase level of 100. can I accumulate more at 85 level. pls suggest.

    thanks
    vijay

    ReplyDelete
    Replies
    1. I am not aware of any negatives about the company . I think ,Investors had higher expectations even though its result was not too bad. Company reported 33 % jump in NP in latest quarter.

      Delete
  24. Hi Vp Sir

    You have been telling us to stay in Market for long time and i am doing the same thing but one of my scrip Srei Infra i am holding this Scrip for more than 5 yr of average of 49 rs but in this super bull market this scrip is trading very very low

    Can you suggest me what can be done now.

    ReplyDelete
    Replies
    1. Staying in market for long term not means buying one stock and sticking with it even if the tide is changing . One should review its business and its prospects periodically .

      Delete
  25. Hi VP sir,

    Could you shed some light on V2 Retail's contingent liabilities and messed up balance sheet. The sales tax claim has not been solved uptil now. There isn't much clarity regarding the exact nature of the situation.

    What do you think sir ?

    ReplyDelete
    Replies
    1. Have you tried at least once to get a reply from company itself ?

      Delete
  26. Hi,
    I am holding selan exploration from 550 levels. What do you suggest now should i hold or exit.

    ReplyDelete
    Replies
    1. May be range bound due to overall mood in oil exploration industry on account of lower crude price.

      Delete
  27. can you give me the bse code of this stock ??

    ReplyDelete
    Replies
    1. Why you are looking in BSE for SKM ?

      Read my first posting on this stock carefully at least once.

      Delete
  28. sir ur view on shreyas shipping please

    ReplyDelete
    Replies
    1. Not tracking it.
      Generally I feel, worst is over for shipping industry but recovery may be 'U' shaped.

      Delete
  29. Sir, sorry to say but why you are so much focusing on SKM Egg.. I am very old follower of yours but I am seeing this for first time that you are focusing too much on one stock..

    ReplyDelete
    Replies
    1. When conviction is high focus will be there.

      Delete
  30. Sir,
    Your views on Praj Industries based on today's news in economic times about Government forcing oil companies to blend atleast 5% of ethanol.
    Currently Oil companies could blend only 1.5% because of supply constraints. But Praj is coming up with next generaion etanol blending using Bio-mass technology. Will it not augur well for this company?
    It is also aggressively pursuing water treatment projects from existing and new customers.
    Hoping to get answer for this.
    Thanks,
    Jagadish

    ReplyDelete
    Replies
    1. More than blending percentage , sourcing price is the key. Since the price is not remunerative sugar mills are not showing much interest.

      Delete
  31. Dear VP,

    I don't know why my other comments are not getting posted here.Just want some clarity on the Bird Flu matter.Though you had mentioned in your update.But this disease has been confirmed by Kerala Govt and it official in India now. Could this impact sourcing issues and exports for SKM?

    ReplyDelete
    Replies
    1. Yes , Some cases reported from Kerala ,But I feel the situation is not alarming as far as SKM is concerned at present.

      It is reported only in the Ducks grown in Kerala back waters span across three to four districts .In other areas no cases reported so far and government is taking every action to prevent the spreading of same .

      Possible outcomes

      1) If it spread beyond Kerala and affect other birds like Chick and countries importing poultry products from India ban import completely , it may affect the company for few months . ( last time it happened for 3 months) . But processed Egg powder is comparatively safe and we can't say whether their products included in such a case or not . See the below link for an opinion of company officials in a same situation few years back.

      http://in.reuters.com/article/2008/01/16/bird-flu-india-skm-exports-idINBMB00047520080116

      I think , chances are rare this time since it is affected only Ducks grown in Kerala back waters

      2) 90 % of Kerala's egg requirements are met by Tamilnadu . If there is any negative demand scenario emerges in Kerala for eggs , it will certainly bring down egg prices in Tamilnadu and help SKM to source raw material at lower rate .This is positive for company .

      Govt is taking serious actions and I hope the issue will be contained in Kuttanad area of Kerala itself


      Delete
    2. There is no avian flu outbreak in Tamil Nadu, poultry farmers across the state have taken precautionary measures.

      Some poultry farmers feared that egg exports would be affected due to the bird flu outbreak. However, National Egg Coordination Committee (NECC) sources allayed the fears saying egg exports would not be affected.

      "Countries like Oman, Afghanistan and Algeria are still importing eggs from India even after the World Organization for Animal Health classified India as a bird flu affected country," a top NECC officials told TOI on condition of anonymity.

      Source: http://timesofindia.indiatimes.com/city/chennai/Bird-flu-outbreak-in-Kerala-Tamil-Nadu-poultry-farmers-take-precautionary-measures/articleshow/45272467.cms

      Stay invested if it hit LC accumulate more.

      Delete
  32. Sir..what's your view on PTC India financial services

    ReplyDelete
  33. Thank u sir for ur update
    Sir ur views on Weizmann forex ltd

    ReplyDelete
  34. Hi VP Sir, What is your view on Welspun Syntex. Company has posted strong profit in last few quarters and belong to a big group.

    ReplyDelete
  35. Dear Vp Sir,
    What are your views on Amtek Auto and Rashtriya Chemical Fertilizers. Kindly do answer this.

    Thanks,
    RC

    ReplyDelete
  36. Vp sir when is ur next pick comes ?? We are waitaing...
    Thank u

    ReplyDelete
  37. VP sir Good Morning.
    Why my queries are not posted.

    Regards

    ReplyDelete
  38. Dear VP Sir,
    Written many times to you but may be am unlucky. I request your advise on 1. Bimetal Bearing & 2. Rossell India
    Thanks in advance

    ReplyDelete
  39. Dear VP,

    What is ur view on Mote Carlo IPO??

    ReplyDelete

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