Monday, April 20, 2015

MIC ELECTRONICS - UPDATE

MIC ELECTRONICS  is one stock suggested here @ Rs.5 about six months back ( Link HERE)  which is currently trading around Rs.11.Today company informed exchanges that ,company led consortium emerged as the lowest bidder for Design, Manufacture, Supply, Testing, Installation and commissioning of 1,81,398 LED Street Lights for four districts of Andhra Pradesh(Guntur, Krishna, East Godavari, West Godavari.) .Thy also emerged as the second lowest bidder for another 31,221 LED Street Lights for Prakasam Dt of AP .This project is executed under Energy Efficiency Services Limit which is a joint venture of PSUs of Ministry of Power, Govt. of India. I hope , MIC will win  this order at their home turf  . Though the amount of project not disclosed ( Earlier Nashik Municipality's similar order for replacing  69500 street lights awarded for Rs.202 Cr)  , I believe it will be a turning point in the second innings of company and will act as a catalyst in its efforts for a come back.

Last month promoters converted 1.64 Cr warrants into equity shares out of  7.4 Cr warrants issued at the end of 2014 . On full conversion , promoter stake in MIC will increase from close to  10 % to above 45% .

Suggesting to HOLD it

Link to latest Announcement HERE

78 comments :

  1. Thank you VP sir for this great recommendation :)

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  2. Sir your views on sundaram fasteners
    Sundaram brake lining and
    Fedders Lloyd
    Thanking you

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    Replies
    1. Sundaram break already suggested @ Rs.155 . At CMP Rs.334 , neutral on it. Not tracking others

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  3. Hats off dear VP sir for identifying MIC at very early stage..Thanxs a lot.. may almighty bless you to unearth similar gems in the future.

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  4. Thanks for the update sir. What is your opinion on Piti lamination?.

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    Replies
    1. This stock suggested @ Rs.21 ( adjusted to stock split ) At CMP Rs.77.neutral on it.

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  5. Please share ur views on timex and parkash industries. Both are ur previous recommendations and both have shown to recover from their lows. Can we say times are changing for these companies.Please guide us

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  6. sir
    please guide me on Talbros engg new listed & Olympia ind

    thanks in advance

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  7. Sir , Please advice whether one can add Patels airtemp at current price.. I already have in small quantity.. Please advice.. Thanks for all your help... Same question has been asked yesterday... Not able to see any response from you sir...

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    Replies
    1. I am positive on this one. Since sector is out of fancy , oone need to show patience.

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  8. Sir,

    Could you please share your view on Intellect Design Arena

    Thanks

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  9. Sirji needed your view on 2 of your old recomendations:

    - IDFC
    - Tata Steel

    Thanks

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    Replies
    1. Positive on IDFC, neutral on Tata Steel

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  10. please share ur view on fresh trop fruits

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  11. Hi vp sir,
    Your view on Grauer and Weil

    Regards
    Elumalai

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  12. Hi, ur view on Parnax labs ? if we take a look at the consolidated numbers the company is turning around at a good pace.

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  13. What your view on basant agro? ?

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  14. Sir.. Ur take on one of ur old recommendation.. V2 retail..

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  15. I am worried about promoter's low level. only 9% in.

    Don't you think it is big issue ?

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    Replies
    1. Understood only onething , you didn't spend even five minutes to read my above posting in complete :(

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  16. What is is your view on Shivalik Bimeta & L&T Finance? Appreciate your help on this..:)

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    Replies
    1. Not tracking Shivalik ,

      Positive on L&T finance biut suitable only for long term passive investors

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  17. Hy sir,
    Please tell me your view on sangal paper ltd,how is the company and manegment..

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    Replies
    1. Stock already appreciated more than 100 % from suggested level, nothing new to add at this point.

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  18. Sir Please share your view on Gitanjali Gems

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    Replies
    1. Don't expect wonders in these type cases overnight

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  19. Sir , ur view on camphor and allied activities?can.i enter in a stock around 260?

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    Replies
    1. This stock already suggested to enter @ Rs.180 . One can hold

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  20. Dear Vp sir
    Your current suggestion about claris life science. i tried searching your blog and you have suggested twice. Can we buy it for a long period of three years.

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    Replies
    1. Not tracking it after the sale of major portion of their business.

      Delete
  21. Sir, coral labs is overvalued?? one shud hold or sell?

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  22. dear vp sir
    kindly throw some light on DIL LTD. Your opinion is highly valuable and apreciated.
    thanx

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  23. Sir do u feel ashapura inmates will be next page industries
    Actually changing life styles so many people using lounge wear today
    Please provide your opinion
    Regards
    Thank u

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  24. In past u said, kwality daily not sure abt promoter,what u say now ?

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  25. Dear VP,

    Any suggestion regarding IPO of UFO Moviez? It's into unique business of digital cinema. Is some gain possible?

    Thanks,
    Nikhil

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    Replies
    1. Frankly speaking , I have not enough idea about the entry barrier in this business, hence not in a position to comment anything about it.

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  26. Respected Sirjee,
    Would you throw light on Ashapura Intimates Fashions Ltd?

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    Replies
    1. Only recently I started to track this stock . Prima facie , seems as an interesting story .

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  27. Vp.. Pls advise on your old recommendation International Paper APPM. Results came today. Your views on the results?

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  28. Sir your view on Tara jewels shop in shop model of business asset light model
    Do you feel is there some cash on the table
    Thank you

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  29. Hi VP,
    your view on JBF Industries...... Many thanks...

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  30. Dear Sir,

    I am one of your followers and holding Aimco pesticide shares. In your blog, you mentioned that AIMCO pesticide is planning to raise share capital and that may be a reason for it (21/03/2015). I saw the same announcement in the BSE website. I have a basic doubt.

    As per their statement, they are going to increase their equity shares from 1 crore to 1.5 crore (50% increase). Therefore, I assume that share price may fall 50% (I am saying just based on the logic). So the share price is dropped from ~ Rs 80 to ~ Rs 50. Is this logically correct?
    I am a learner in this stock market and my question may be silly.

    Thanks

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    Replies
    1. I don't think they are raising funds just to keep in bank account . Amount may be for business purpose and that may reflect in its working performance in future.

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  31. Dear VP sir,

    kindly share your views on future prospects of 1)lovable lingerie, 2)kokuyo camlin, 3) cimmco.

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  32. Sir , any views on salzer electronics at current market price of 250 ? And ur view on dion global and kopran please .

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    Replies
    1. No change in previous views on any of these stocks

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  33. Sir, your view on International Travel House pl.........

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    Replies
    1. Stock is curretly above 50 % from suggested rate .One can Hold.

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  34. Dear VP sir,

    Request you to kindly go through complete study about Ashapura Intimates Fashions. It seems lot of informed buying are happening and great future ahead like page industries. Please advice whether we can buy.

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    Replies
    1. Dear VP sir,

      Ashapura Intimates seems like an interesting company in good promotor hands who are confident of its brand and their growth story, but it seems like one can buy it only in 1000s lot. Its already trading at mcap/sales of more than 3 and P/E of more than 5. Is it a compelling buy at such expensive valuations? esp. since small retail investors like us have to big investment of a minimum of 2.5lacs(at current market price)

      Thanks for answering my query sir.

      Delete
  35. Dear sir
    I am interested in buying Axiscades Engg but now days it is daily falling 5%. Is there any bad news about it and is it right time to enter in it

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    Replies
    1. Not sure whether someone caught on the wrong foot , seems like that

      Delete
  36. Sir ,What is your opinion about Palred Technologies .In past you requested to avoid it , any change in your opinion now ?

    Sagar
    Nasik

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  37. First of all , If my memory is correct I never mentioned anything about it earlier .

    But at present it is not a compelling buy for me. Because, company is in the midst of a scheme of arrangement.As per this scheme company's share capital will be reduced .Company will took back 60 % of shares and pay Rs.16.50 for each shares . If I am correct, as per this scheme ,if you have 100 shares , you will left with 40 shares + Rs.990 ( 60*16.5) which is equal to strightaway booking a loss of approx Rs.10 to CMP on each share for 60 shares out of 100 . This will increase the avarage cost of your remaining holding upto that extent . For this scheme of arrangement ,stock may even delist from exchanges for a certain period and re-listing price may depends on the market mood prevailing at that time. So don't want to take that risk and prefer to look into it only once all these scheme of arrangement process completes.

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    Replies
    1. Dear VP,

      You never cease to Amaze me

      Love

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  38. Sir, your view on sequent scientific results pls. Sales raised steeply and loss reduced considerably. Thanks.

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  39. In asha pura intimates according public report they are trying to expand production capacity to double by owning 2.25 lk sq feet what do you feel about that
    Regards
    Pavan

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  40. Dear VP Sir,

    Your views on momai apparels pls. Good long term bet. ?!
    Kindly revert Sir....

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  41. Deat sir, your view on Indraprastha Medico from investment prespective in hospital services sector? thanks

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  42. Dear Sir,

    Your Views on JVL AGRO INDUSTRIES?

    Thanks and Regards

    Susheel

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  43. Dear Sir,
    can you please share link for your blog @ money control
    Regards
    Anurag

    ReplyDelete
  44. Pls advice on
    Ptc India finance
    Munjal auto

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  45. Dear VP Saar - Is MIC still a value buy at CMP? I am planning to buy some. Thanks.

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  46. Dear VP Sir,
    please share your views on Praj Industries

    ReplyDelete

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