INEOS ABS
CMP Rs. 306.00
BSE Code: 506222
The company is engaged in manufacturing of thermoplastic like ABS (Acrylonitrile Butadience Styrence) which are mainly used in interiors of automotive parts, consumer durables, and diagnosis equipments. During the Q3 ended in December the company has earned the net profit of Rs. 20.03 crore with the sales of Rs. 168.37. The has very little equity of Rs. 17.59 crore. Considering the rise in demand investors are recommended to invest in this scrip for one to one and half year. They may get the benefit of very high target price.
Lumax Auto Technology
CMP – 128.00
BSE Code : 532796
The company , engaged in manufacturing of auto parts like sheet metal parts, fabricated assembly and tubular parts, has at present six manufacturing plants at various location. The company is also looking forward to enter in the business of electric lighting. The promoters of the company hold 53.9 % equity. During the Q3 ended in December the company has earned the net profit of Rs.11.4 crore with the income of Rs. 196 crore which shows the EPS of 15.75 and the book value of 71. At present the stock is traded with multiple of 6 PE. Considering the positive factors like increasing top line, improvement in margin, re-rating of new business and sectors investors should add this scrip in their portfolio for the next six to 8 months.
Indus Ind Bank
CMP – 189.00
BSE Code : 532187
During the fourth quarter ended in March the bank has performed at its best level as its net profit has increased to Rs. 98 crore with the growth of 94.66 % on Y2Y basis. The bank has achieved this goal thanks to its increased margin growth and interest income. Its NII increased to Rs. 886.41 crore that shows the rise of 93 %. The banks expects that its NIMS will increase with 3.2 % and 3.3 % growth rate in FY 2011 and 2012 respectively. At present this stock is traded at 3.5 times more than its estimated book value. Investors are recommended to add this scrip in their portfolio at every dip.
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