Posts in category All News
IOCL’s ratings unaffected despite stake sale: Fitch (26-08-2015)
Hitesh portfolio (26-08-2015)
@kapil1301
http://www.forcemotors.com/page/index/assembling#&panel1-1
Though not too much information is given.
European shares fall as China concerns still weigh (26-08-2015)
Hitesh portfolio (26-08-2015)
Hi Hitesh,
I wanted to know ur views regarding Force Motors.
My rationale for it is
Market Cap of 3100 CR Debt To Equity 0.02 Mcap To Sales 1.29
Although we cannot directly compare it to Atul Auto But it seems cheaper on above parameters.
Also it manufactures Engines for Mercedes and BMW.
There Operating Margin Seems to be Stabilizing near 11 (Quatrely OPM)
They are a Dividend Paying Company
Comapany is is operations Since very long have been acuired by Jaya Hind Group
Above points Plus the Strong Presence of Their Force Traveller and also increasing number of luxury cars in India (BMW and Mercedes) Gives me Confidence.
(Form My Office to Home in a stretch of 9 Kms I almost site 40 Force travellers)
However I went Through their last Annual Report in that there was no mention of manufacturing of engines
for Merc and BMW also on their site their is no information of these products.
Also one general question
What do you do in such situations where U r seeing the the Company products are being used company posting decent numbers paying dividend but information about their products are not fully covered in their Website or AR.
Regards,
Kapil
Sensex crashes 300 points; banking, pharma stocks drag (26-08-2015)
The BSE Mid-cap closed down 10,476 at 0.80%, while BSE Small-cap closed up 10,715 at 0.19%. BHEL, Tata Power, Cairn, Power Grid, Bajaj-Auto, Tata Motors, Wipro, Coal India, Maruti Suzuki and Tata Steel were among the gainers on NSE, whereas Tech Mahindra, Ambuja Cement, Ambuja Cement, Hero MotoCorp, Babk of Baroda, SBI, Bharti Airtel, HDFC, BPCL and ONGC were among the losers today.
Buy Indo Count Industries; target of Rs 1030: Karvy (26-08-2015)
Karvy Stock Broking is bullish on Indo Count Industries and has recommended buy rating on the stock with a target price of Rs 1030, in its research report dated August 26, 2015.
Buy GAIL India; target of Rs 350: KRChoksey (26-08-2015)
KRChoksey is bullish on GAIL India and has recommended buy rating on the stock with a target price of Rs 350 in its research report dated August 25, 2015.
Buy Indian Oil Corp; target Rs 570: Motilal Oswal (26-08-2015)
Brokerage house Motilal Oswal is bullish on Indian Oil Corporation (IOCL) and has recommended buy rating on the stock with a target price of Rs 570, in its research report dated August 25, 2015.
Buy JBF Industries; target of Rs 482: KRChoksey (26-08-2015)
KRChoksey is bullish on JBF Industries and has recommended buy rating on the stock with a target price of Rs 482 in its research report dated August 26, 2015.
Buy Indo Count Industries; target Rs 1300: Motilal Oswal (26-08-2015)
Brokerage house Motilal Oswal is bullish on Indo Count Industries and has recommended buy rating on the stock with a target price of Rs 1300, in its research report dated August 25, 2015.