Maintaining his high standards and living up to his own expectations still gives Sachin Tendulkar sleepless nights, and it is this restlessness that has brought the best out of him, revealed the Indian maestro in an interview published in the Timemagazine. Tendulkar is on the cover for the editions in the Indian subcontinent, Singapore and Australia and New Zealand.
| Sachin Tendulkar to appear on TIME magazine cover page |
StarTek, Inc today announced its financial results for the first quarter ended March 31, 2012. The Company reported first quarter 2012 revenue of $50.9 million and adjusted EBITDA of $1.2 million. As of March 31, 2012, the Company had approximately $10.5 million in cash and cash equivalents and no debt.
Tip :Stock jumped more than 40% intraday and may see more upside.
 |
| Startek Inc |
Highlights
* Garments, gems and jewellery exports shrink, hits growth
* Gold, jewellery imports plummet as demand slows
* Trade sec says "lucky" if 2012/13 exports grow 10-15 pct y/y
* Trade deficit may be slightly lower in 2012/13 - Trade sec (Adds quotes, details)
India's exports picked up in April after falling in March but only grew 3.2 percent from a year earlier and garment, gems and jewellery shipments shrank, highlighting the challenge facing Asia's third-biggest economy in the face of weak global demand.
India's foreign trade has slowed sharply from levels a year ago when exports jumped nearly 32 percent in April from a year earlier, and the country's trade secretary said on Thursday that the country would be "lucky" to achieve 10-15 percent export growth this fiscal year.
Imports were also surprisingly weak in April, rising just 3.8 percent from a year earlier, according to provisional data released on Thursday, reflecting weakening domestic demand and cooling after a 24.3 percent jump in March.
"We will be lucky if we can achieve 10-15 percent growth in exports this year," Rahul Khullar told a press conference. Exports rose 21 percent in 2011/12.
In March, exports fell for the first time in four months, dropping 5.7 percent year-on-year.
Besides a slowdown in exports, the economy is seeing a decline in capital inflows, which is putting pressure on the central bank to support the rupee - which has lost nearly 8 percent against the dollar since March.
On Thursday the Reserve Bank of India took further measures to prop up the battered currency, requiring exporters to sell half the foreign currency in their accounts.
Khullar said a falling rupee would affect imports in the next two to three months.
Analysts said amid a policy gridlock and global economic uncertainty, the central bank would find it tough to support the rupee.
GOLD IMPORTS PLUNGE
The country's trade deficit was $13.4 billion in April, Khullar said, as exports totalled $24.5 billion and imports amounted to $37.9 billion. The deficit was down slightly from $13.9 billion in March.
"It (the RBI) is battling a combination of an unsustainably large current account deficit of around 4 percent of GDP, weak/inadequate capital inflows and a government that is doing less of what it should do and more of what it should not do," said Rajeev Malik, a senior economist at CLSA in Singapore.
India's garment exports fell 20.4 percent in April from a year earlier, while gems and jewellery exports slumped 25.7 percent.
Imports of gold and silver declined by nearly a third to $3.1 billion in April, from $4.7 billion a year ago, as higher gold prices and an increase in import duties crimped local demand.
Oil imports grew 7 percent in April to $13.9 billion, while coal imports grew 5.5 percent to $1.5 billion from a year ago, Khullar said.
The trade deficit could narrow slightly in the current fiscal year which ends in March, from nearly $185 billion in 2011/12, assuming gold imports decline by at least 20 percent this year and there are no oil price shocks, Khullar said.
* Garments, gems and jewellery exports shrink, hits growth
* Gold, jewellery imports plummet as demand slows
* Trade sec says "lucky" if 2012/13 exports grow 10-15 pct y/y
* Trade deficit may be slightly lower in 2012/13 - Trade sec (Adds quotes, details)
India's exports picked up in April after falling in March but only grew 3.2 percent from a year earlier and garment, gems and jewellery shipments shrank, highlighting the challenge facing Asia's third-biggest economy in the face of weak global demand.
India's foreign trade has slowed sharply from levels a year ago when exports jumped nearly 32 percent in April from a year earlier, and the country's trade secretary said on Thursday that the country would be "lucky" to achieve 10-15 percent export growth this fiscal year.
Imports were also surprisingly weak in April, rising just 3.8 percent from a year earlier, according to provisional data released on Thursday, reflecting weakening domestic demand and cooling after a 24.3 percent jump in March.
"We will be lucky if we can achieve 10-15 percent growth in exports this year," Rahul Khullar told a press conference. Exports rose 21 percent in 2011/12.
In March, exports fell for the first time in four months, dropping 5.7 percent year-on-year.
Besides a slowdown in exports, the economy is seeing a decline in capital inflows, which is putting pressure on the central bank to support the rupee - which has lost nearly 8 percent against the dollar since March.
On Thursday the Reserve Bank of India took further measures to prop up the battered currency, requiring exporters to sell half the foreign currency in their accounts.
Khullar said a falling rupee would affect imports in the next two to three months.
Analysts said amid a policy gridlock and global economic uncertainty, the central bank would find it tough to support the rupee.
GOLD IMPORTS PLUNGE
The country's trade deficit was $13.4 billion in April, Khullar said, as exports totalled $24.5 billion and imports amounted to $37.9 billion. The deficit was down slightly from $13.9 billion in March.
"It (the RBI) is battling a combination of an unsustainably large current account deficit of around 4 percent of GDP, weak/inadequate capital inflows and a government that is doing less of what it should do and more of what it should not do," said Rajeev Malik, a senior economist at CLSA in Singapore.
India's garment exports fell 20.4 percent in April from a year earlier, while gems and jewellery exports slumped 25.7 percent.
Imports of gold and silver declined by nearly a third to $3.1 billion in April, from $4.7 billion a year ago, as higher gold prices and an increase in import duties crimped local demand.
Oil imports grew 7 percent in April to $13.9 billion, while coal imports grew 5.5 percent to $1.5 billion from a year ago, Khullar said.
The trade deficit could narrow slightly in the current fiscal year which ends in March, from nearly $185 billion in 2011/12, assuming gold imports decline by at least 20 percent this year and there are no oil price shocks, Khullar said.
 |
| Infospace Inc |
InfoSpace Inc ( NASDAQ: INSP ) jumped on quarterly earning report and guidance as both were above estimate. Company has acquired TaxACT tax preparation business.
Investment: Stock may be accumulated for investment purpose.
Bellevue, Wash.-based InfoSpace bought the web-based TaxACT business for $287.5 million in cash just before tax season, closing the deal on Jan. 31. Only months before then, TaxACT rival H&R Block Inc. (HRB) was blocked from acquiring the privately held company by the U.S. government over antitrust concerns.
Shares jumped 14% to $12.49 after hours, as InfoSpace beat its first-quarter revenue guidance and reached the high end of its earnings estimates. The stock, which rose initially over the TaxACT acquisition, had slid since mid-March and was roughly flat for the year at Wednesday's close.
"The acquisition of TaxACT in January represents a significant milestone for our company, and substantially diversifies our overall business operations," Chief Executive Bill Ruckelshaus said. "We are pleased with the performance in both our search and tax preparation businesses and feel positive about our combined company growth and profitability outlook."
InfoSpace posted earnings of $11.4 million, or 28 cents a share, up from $1.3 million, or 4 cents a share, a year earlier. Revenue more than doubled to $115.7 million.
The company in February predicted earnings of 24 cents to 29 cents a share on revenue of $109 million to $114 million.
Search revenue in the quarter improved 46% to $75.3 million, while tax preparation revenue from TaxACT was $40.4 million. The company also released preliminary 2011 tax season figures, saying digital do-it-yourself e-filings rose 8% from the year-ago period to 5 million as of April 18.
Gross margin rose to 48.5% from 36.7%.
The company forecast second-quarter adjusted earnings of 40 cents to 44 cents a share on revenue of $92.5 million to $96.5 million
Stock Markets are on artificial life line of "QE3 hope" and if markets continue to move higher and makes new high, without QE3 in second half will lead to a crash like 1987 according to comments from Mark Faber. Read Below
U.S. stocks may plunge in the second half of the year “like in 1987” if the Standard & Poor’s 500 Index climbs without further stimulus from the Federal Reserve, said Marc Faber, the publisher of the Gloom, Boom & Doom report.
“I think the market will have difficulties to move up strongly unless we have a massive QE3,” Faber told Betty Liu on Bloomberg Television’s “In the Loop” from Zurich today, referring to a third round of large-scale asset purchases by the Federal Reserve. “If it moves and makes a high above 1,422, the second half of the year could witness a crash, like in 1987.”
May 10 (Bloomberg) -- Marc Faber, publisher of the Gloom, Boom & Doom report, talks about U.S. stocks and economy. Faber, speaking with Betty Liu on Bloomberg Television's "In the Loop," also discusses his view on the euro and the euro zone. (Source: Bloomberg)
The Dow Jones Industrial Average plunged 23 percent on Oct. 19, 1987 in the biggest crash since 1914, triggering sharp losses in stock-market values around the world. The Standard & Poor’s 500 Index (SPX) plummeted 20 percent.
“If the market makes a new high, it will be a new high with very few stocks pushing up and the majority of stocks having already rolled over,” Faber said. “The earnings outlook is not particularly good because most economies in the world are slowing down.”
Faber said a third round of quantitative easing would “definitely occur” if the S&P 500 dropped another 100 to 150 points. If it bounces back to 1,400, he said, the Fed will probably wait to see how the economy develops.
The S&P 500 rose 0.4 percent to 1,360.59 at 10:36 a.m. in New York as U.S. initial jobless claims fell last week to a one- month low. The gauge has dropped 4.1 percent from a four-year high on April 2 after some economic reports missed forecasts.
Equity Gains
Faber had said in an interview with Bloomberg Television on March 9, 2009, that it was “very difficult to see a scenario where you wouldn’t make any money” owning stocks over the following 10 years, while also warning the S&P 500 might lose 26 percent before the bear market ended.
The benchmark gauge for American equities began its biggest advance in five decades that day, climbing from 676.53 to 1,295.02 on Jan. 18, 2011.
In March 2007, he had said the S&P 500 was more likely to fall than rise because the threats of faster inflation and slower growth persisted. The S&P 500 then climbed 10 percent to a record 1,565.15 seven months later, and ended the year up 3.5 percent.
USPS ( United States Postal Service ) reported second quarter loss of $ 3.2 billion. and sees a record $9.1 billion loss for FY12.
Google Announces The Africa News Challenge
Google, in partnership with the Gates Foundation, Knight Foundation, the Omidyar Network and others, is backing a news innovation contest focused on Africa and run by the Africa Media Initiative. Entries to the Africa News Innovation Challenge can come from anywhere and will be accepted in English, French, Portuguese or Arabic, but all entries must have a partner in Africa. Winners will receive grants of up to $100,000 from a total prize budget of $1 million. According to the website: "Of particular interest are proposals that improve data-based investigative journalism, audience engagement, mobile news distribution, data visualization, new revenue models and workflow systems." The contest is a timely one--according to a recent study mobile Web browsing accounts for 10 percent of all browsing, with Africa leading the charge. Earlier this year, Google and AP awarded a first set of scholarships worth $20,000 as part of the annual AP-Google Technology Scholarship Program to 6 journalism students in the U.S.
Kindle Lending Library Will Stock Harry Potter
Amazon just announced that the Harry Potter series will be available in the Kindle Lending library (available for free to Amazon Prime members) starting in June. Until now, the Harry Potter e-books were only available through J.K. Rowling's custom site, Pottermore.com, which had been promoted as the only portal to e-books and audiobooks for Potter. But the site was much-delayed, and now Amazon has gained exclusive access to license the collection. Amazon hinted yesterday that such plans were in the making, when it featured an enormous owl on the Kindle home page with accompanying text that read, "Wizardry is on the way."
SoundCloud Announces Redesign
SoundCloud has announced a slick new redesign that's "simpler, faster, and more social." SoundCloud, which is in its fifth year, has picked up 15 million amateur and pro users who use it to record and share music and sounds, and view sound profiles. In the new "Next Soundcloud" profile pages have been goosed up, and a new "Repost" button allows users to share what their friends have been listening to. With so much going on, a real-time notifications center keeps users updated about changes in the SoundCloudiverse.
Apple To Help Pay For Foxconn Factory Fixes
Via Reuters: Apple will dip into its $100 billion cash pile and help offset Foxconn's expenses in improving factory conditions and worker hours. The announcement came from Foxconn's Terru Gou as the company broke ground for a new Shanghai HQ. This is the latest of Apple's attempts to improve its relationship with its Chinese manufacturing partners. Early this year, Apple was criticized for turning a blind eye to long hours and cramped living conditions at partner factories. The company responded swiftly, and invited the Fair Labor Association to audit Foxconn. As more evidence that it was taking the issue seriously, Tim Cook made a personal visit to a factory in Zhengzhou--the first Apple CEO to do so. Also, in response to FLA's scathing review, Apple has been posting monthly updates about ongoing improvements.
Sony Reports Record Loss: $5.7 Billion Lost In 2011
Sony corporation just reported a record loss for a single fiscal year: 457 billion yen, an equivalent of $5.7 billion dollars for the year 2011. $3.2 billion, about 56% of the loss, was incurred in the final January-March quarter as Sony saw its fifth failed quarter in a row. The Japanese firm was hit, it says, by unfavorable exchange rates affecting the Japanese yen, and by the aftermath of the disastrous earthquake and tsunami that ravaged the nation in early 2011. Some of the losses will also have been incurred as Sony bought its way out of the Sony-Ericsson mobile phone partnership in order to pursue its own-branded smartphones. Sony recently said it was going to attempt to follow an Apple-style model with reduced inventory of more polished products. Recently rumors surrounding its key next-gen gaming platform have swirled, and point to a 2014 launch.
TVIX (NYSEARCA:TVIX) VelocityShares Daily 2x VIX Short Term ETN:
Information: VelocityShares Daily 2x VIX Short Term ETN is an exchange-traded note issued in the USA. The Note will provide investors with a cash payment at the scheduled maturity or early redemption based on 2X the performance of the underlying index, the S&P 500 VIX Short-Term Futures Index less the Investor fee.
Information: VelocityShares Daily 2x VIX Short Term ETN is an exchange-traded note issued in the USA. The Note will provide investors with a cash payment at the scheduled maturity or early redemption based on 2X the performance of the underlying index, the S&P 500 VIX Short-Term Futures Index less the Investor fee.
It is for volatility traders, as one can't directly trade VIX volatility index.
Tip: Buy it at the end of the today's trade and hold it for tomorrow, Bought it at $6.90.
FAS ( NYSEARCA: FAS ) or FAZ ( NYSEARCA: FAZ ) Direxion Daily Financial Bull / Bears 3X Shares
Information: Direxion Daily Financial Bull 3X Shares is an exchange-traded fund incorporated in the USA. The Fund's objective is daily investment results, before fees and expenses, of 300% of the performance of the Russell 1000 Financial Services Index ("Financial Index"). The Fund invests in at least 80% of its net assets in the equity securities that comprise the Financial Index
Tip: Buy FAZ ( Financial Bear Shares ) on dips around $21.5-22 or Sell FAS ( Financial Bull Shares ) on rise around $99-100.
ROCKET STOCK "RATHI STEEL & POWER LTD" (BSE CODE : 504903) AT 11/- TARGET OF 35/- & 65/-
STOCK : RATHI STEEL & POWER LTD. Trading in BSE CODE : 504903
CMP : 11/- Promoters Buying Heavily….. Increasing Stake
Target : 35/- to 65/- in Short term and Medium terms (In this Weak Market Good time to buy this worthy stock to get multi Returns in very Short time.)
Last 6 Months Given Calls 1) PITTI Laminations at 37/- Now 95/-
2) Venus Power at 7/- Now at 21/-
3) LGS Global at 45/- Now at 100/-
4) Avon Organics given at 20/- Now 30/-
5) IFCI at 20/- Now at 40/-
6) NATCO at 350/- Now 435/- ( I given call in 2009 at 40/- Now 445/- almost 10 times return)
7) TechTran Polylences at 23/- Reached 29.5/- in 3 days time.
Now I am telling Just Buy and hold RATHI STEEL & POWER LTD because company Demerging Power Business soon; value is very high. Just buy and hold till 50/- to 100/- levels soon.
Equity : 31 Cr
Promoters Holding : 51% ;
Financial Institutions and Banks 10%;
Body Corporate : 13%;
Public Only 25%
Face Value : 10/-
EPS : 4.5/- for 2010-11 and 2011-12 Expecting 5/- (As per 20011-12 Last Three Quarters).
Book Value: 57/-
Every Year Dividend Paying company.
Dividend History : 2011 --- 3%; 2010 --- 3%; 2009 --- 3%; 2008 --- 5%; 2007 --- 5%; 2006 --- 15%
Rathi Steel & Power Ltd Planning to Expand Power Generation Business. Already Having 50MW Power Generation in Orissa. Soon will Expanding Power Business in Different locations.
Rathi Steel & Power Ltd Having Good Land Bank and Valuable Assets.
Rathi Steel & Power Ltd Expanding plans is very Aggressive.
Rathi Steel & Power Ltd Stock Will go 35/- to 65/- range in Short term and Medium Term., Like SE Investment (Call Given at 175/- Now including Bonus and Stock split 1250/-) and Bihar Tubes Ltd (Call Given at 57/- Now 165/-).
For 2010-11 Year Net Income of 845 Cr and Net Profit was 14 Cr EPS 4.5/-
For 20110-12 Full Year Estimating Net Income of 990 Cr and Net Profit of 18 Cr As per this EPS was 5/- above. But in coming Quarters Expanding Income and Power generation Income will add So Expecting EPS for 2012-13 is 9/-. Stock Trading at 11/- PE just 2 Industry PE is 14. As per this Stock will zoom to 100/- levels in 6 Months to 1 Year Time.
Rathi Steel & Power Ltd has informed BSE that in pursuit of its continual growth plans. Rathi Steel And Power has achieved financial closure for its expansion plan to enhance manufacturing capacity of long steel rolled products from 1,25,000 MT to 1,75,000 MT at Ghaziabad Plant.
The Company has already successfully completed 1st phase of its integrated steel plant at District Sambalpur (Orissa) where it has commissioned a DRI Plant, Steel Melting Shop and a Captive Power Plant. Production commenced in 2008-09. Rathi Steel having manufacturing facilities at Ghaziabad and in Orissa is an old an established player in the long segment of steel industry with an experience of more than 4 decades. Its products command a high reputation in the market.
Recently Rathi Steel & Power Ltd allotted 23,15,000 equity shares of Rs. 10/- each pursuant to conversion of 23,15,000 warrants of Rs. 22/- each earlier allotted on preferential basis to Promoters.
Rathi Steel & Power Ltd doing Steel and Power Business, Compnay Having Three Plants in India.
GHAZIABAD PLANT
The Ghaziabad Plant consists of Steel Rolling Mills having an installed capacity of 1,25,000 TPA, a high speed No Twist Block Wire Rod Mill and Steel Melting Shop with 40,000 TPA installed capacity comprising of Induction Furnace, AOD Converter, Continuous Casting machine and other facilities for manufacturing high end value- added stainless steel and alloy steel products. Company intend to further add value to the products being manufactured by us by converting them into bright bars, wires, flanges etc.
ORISSA PROJECT
Considering the Orissa Government's aggressive efforts for rapid industrialization of the State and future industrial growth of the Country, the Company has planned to setup an integrated Steel Project at village Potapali-Sikirdi, district Sambalpur (Orissa). The Company has already entered into an MOU with the Orissa Government for setting up the project. The project comprises of facilities for manufacture of 300,000 TPA Sponge Iron, a Steel Melting Shop of 5,00,000 TPA, Pig Iron of 200,000 TPA and captive Power Plant of 50 MW, to be implemented in phases, as per detailed Techno-Economic Feasibility Report submitted to the Orissa Government. The progress on the first phase of the project at a project outlay of Rs.220.50 crore.
INDORE PLANT
Rathi intend to make the Orissa plant a primary source of raw material for the existing rolling mills of the Punam Chand Rathi Group and also for the future rolling mill plants that we intend to setup all across the country. A chain of value addition from iron ore, sponge iron, captive power, steel making at the Orissa plant, to various rolling mills across the country will lead to tremendous synergy and will enable us to service our customers better by providing high quality products at competitive prices.
The promoters have also promoted a new company viz. Rathi Iron And Steel Industries Limited who has installed a Steel Rolling Mill project having capacity of 50,000 TPA at Pithampur Industrial Area, Distt. Dhar (M.P.). The production facilities are similar to that of Ghaziabad project and are well equipped with the latest technologies for producing quality CTD and TMT bars. The commercial production has already taken place and the products are being well accepted in the market.
Rathi Steel & Power Ltd having Lot Expansion Plans in Fututre. Its a Multibagger stock. Just buy and hold 1 year will get 5 times Return like NATCO Pharma (Call given in 2009 at 40/- levels Now 450/-) and SE Investments Ltd (This Stock I have Recommended at 175/- levels after that reached 1200/- levels including Bonus and Split).
Positive Points for this stock for Up moving:
1) Company is in Steel and Power Generation Business; company Circle people and Operators are accumulating at current price. Because Company Stock Good Value at 11/- Good Profit making company and Book Value at 58/- and Good dividend paying company.
2) Equity is very small at 31 Cr promoters Holding 51%
3) Company recently going Expansion Plans for Steel and Power Business. Already 50MW Power Project in Orissa.
4) Good Profit Making Company for 20010-11 EPS 4.5/- Annualized and Expecting EPS for full year 2011-12 is above 5/-because Expansion income and Power Generation Income will add next Quarters.
5) Company having Good Book Value 58/- and Good Land Bank and Good Assets.
6) Company having lot of Expansion Plans in Steel and Power.
7) FII's Eyes in this stock. If they will start buy Stock will zoom to 75/- levels easily.
8) Risk Free at Current Market Price, Its very cheap price trading at 11/- Compare to companies Reserves, Assets and Value and Equity and Profits and Future Plans and power Generation.
9) This Stock is not Participated this Market Rally. So Operators and FII's eye's in this stock.
Happy Invest ……….. Good Fundamentals and will give good returns from 100% to 500% returns with short and medium terms and Long terms.
STOCK : RATHI STEEL & POWER LTD. Trading in BSE CODE : 504903
CMP : 11/- Promoters Buying Heavily….. Increasing Stake
Target : 35/- to 65/- in Short term and Medium terms (In this Weak Market Good time to buy this worthy stock to get multi Returns in very Short time.)
Last 6 Months Given Calls 1) PITTI Laminations at 37/- Now 95/-
2) Venus Power at 7/- Now at 21/-
3) LGS Global at 45/- Now at 100/-
4) Avon Organics given at 20/- Now 30/-
5) IFCI at 20/- Now at 40/-
6) NATCO at 350/- Now 435/- ( I given call in 2009 at 40/- Now 445/- almost 10 times return)
7) TechTran Polylences at 23/- Reached 29.5/- in 3 days time.
Now I am telling Just Buy and hold RATHI STEEL & POWER LTD because company Demerging Power Business soon; value is very high. Just buy and hold till 50/- to 100/- levels soon.
Equity : 31 Cr
Promoters Holding : 51% ;
Financial Institutions and Banks 10%;
Body Corporate : 13%;
Public Only 25%
Face Value : 10/-
EPS : 4.5/- for 2010-11 and 2011-12 Expecting 5/- (As per 20011-12 Last Three Quarters).
Book Value: 57/-
Every Year Dividend Paying company.
Dividend History : 2011 --- 3%; 2010 --- 3%; 2009 --- 3%; 2008 --- 5%; 2007 --- 5%; 2006 --- 15%
Rathi Steel & Power Ltd Planning to Expand Power Generation Business. Already Having 50MW Power Generation in Orissa. Soon will Expanding Power Business in Different locations.
Rathi Steel & Power Ltd Having Good Land Bank and Valuable Assets.
Rathi Steel & Power Ltd Expanding plans is very Aggressive.
Rathi Steel & Power Ltd Stock Will go 35/- to 65/- range in Short term and Medium Term., Like SE Investment (Call Given at 175/- Now including Bonus and Stock split 1250/-) and Bihar Tubes Ltd (Call Given at 57/- Now 165/-).
For 2010-11 Year Net Income of 845 Cr and Net Profit was 14 Cr EPS 4.5/-
For 20110-12 Full Year Estimating Net Income of 990 Cr and Net Profit of 18 Cr As per this EPS was 5/- above. But in coming Quarters Expanding Income and Power generation Income will add So Expecting EPS for 2012-13 is 9/-. Stock Trading at 11/- PE just 2 Industry PE is 14. As per this Stock will zoom to 100/- levels in 6 Months to 1 Year Time.
Rathi Steel & Power Ltd has informed BSE that in pursuit of its continual growth plans. Rathi Steel And Power has achieved financial closure for its expansion plan to enhance manufacturing capacity of long steel rolled products from 1,25,000 MT to 1,75,000 MT at Ghaziabad Plant.
The Company has already successfully completed 1st phase of its integrated steel plant at District Sambalpur (Orissa) where it has commissioned a DRI Plant, Steel Melting Shop and a Captive Power Plant. Production commenced in 2008-09. Rathi Steel having manufacturing facilities at Ghaziabad and in Orissa is an old an established player in the long segment of steel industry with an experience of more than 4 decades. Its products command a high reputation in the market.
Recently Rathi Steel & Power Ltd allotted 23,15,000 equity shares of Rs. 10/- each pursuant to conversion of 23,15,000 warrants of Rs. 22/- each earlier allotted on preferential basis to Promoters.
Rathi Steel & Power Ltd doing Steel and Power Business, Compnay Having Three Plants in India.
GHAZIABAD PLANT
The Ghaziabad Plant consists of Steel Rolling Mills having an installed capacity of 1,25,000 TPA, a high speed No Twist Block Wire Rod Mill and Steel Melting Shop with 40,000 TPA installed capacity comprising of Induction Furnace, AOD Converter, Continuous Casting machine and other facilities for manufacturing high end value- added stainless steel and alloy steel products. Company intend to further add value to the products being manufactured by us by converting them into bright bars, wires, flanges etc.
ORISSA PROJECT
Considering the Orissa Government's aggressive efforts for rapid industrialization of the State and future industrial growth of the Country, the Company has planned to setup an integrated Steel Project at village Potapali-Sikirdi, district Sambalpur (Orissa). The Company has already entered into an MOU with the Orissa Government for setting up the project. The project comprises of facilities for manufacture of 300,000 TPA Sponge Iron, a Steel Melting Shop of 5,00,000 TPA, Pig Iron of 200,000 TPA and captive Power Plant of 50 MW, to be implemented in phases, as per detailed Techno-Economic Feasibility Report submitted to the Orissa Government. The progress on the first phase of the project at a project outlay of Rs.220.50 crore.
INDORE PLANT
Rathi intend to make the Orissa plant a primary source of raw material for the existing rolling mills of the Punam Chand Rathi Group and also for the future rolling mill plants that we intend to setup all across the country. A chain of value addition from iron ore, sponge iron, captive power, steel making at the Orissa plant, to various rolling mills across the country will lead to tremendous synergy and will enable us to service our customers better by providing high quality products at competitive prices.
The promoters have also promoted a new company viz. Rathi Iron And Steel Industries Limited who has installed a Steel Rolling Mill project having capacity of 50,000 TPA at Pithampur Industrial Area, Distt. Dhar (M.P.). The production facilities are similar to that of Ghaziabad project and are well equipped with the latest technologies for producing quality CTD and TMT bars. The commercial production has already taken place and the products are being well accepted in the market.
Rathi Steel & Power Ltd having Lot Expansion Plans in Fututre. Its a Multibagger stock. Just buy and hold 1 year will get 5 times Return like NATCO Pharma (Call given in 2009 at 40/- levels Now 450/-) and SE Investments Ltd (This Stock I have Recommended at 175/- levels after that reached 1200/- levels including Bonus and Split).
Positive Points for this stock for Up moving:
1) Company is in Steel and Power Generation Business; company Circle people and Operators are accumulating at current price. Because Company Stock Good Value at 11/- Good Profit making company and Book Value at 58/- and Good dividend paying company.
2) Equity is very small at 31 Cr promoters Holding 51%
3) Company recently going Expansion Plans for Steel and Power Business. Already 50MW Power Project in Orissa.
4) Good Profit Making Company for 20010-11 EPS 4.5/- Annualized and Expecting EPS for full year 2011-12 is above 5/-because Expansion income and Power Generation Income will add next Quarters.
5) Company having Good Book Value 58/- and Good Land Bank and Good Assets.
6) Company having lot of Expansion Plans in Steel and Power.
7) FII's Eyes in this stock. If they will start buy Stock will zoom to 75/- levels easily.
8) Risk Free at Current Market Price, Its very cheap price trading at 11/- Compare to companies Reserves, Assets and Value and Equity and Profits and Future Plans and power Generation.
9) This Stock is not Participated this Market Rally. So Operators and FII's eye's in this stock.
Happy Invest ……….. Good Fundamentals and will give good returns from 100% to 500% returns with short and medium terms and Long terms.
