Geometric Limited reported 209% increase in YOY net profit during Sep 09 Qtr (Part of Rakesh Jhunjhunwala Portfolio)

2 Year Chart for Geometric Limited Geometric Chart from 01 Mar 09 to 29 Oct 09

Geometric reported Q2 2010 results with revenue of Rs 128.2 crores versus Rs 152.595 crores during the same period last year. However, net profit jumped to Rs 10.2 crores as compared to Rs 3.301 crores during the same period last year, rise of approx 209%.

Geometric has support at Rs 40/- and Rakesh Jhunjhunwala and his wife (RARE) are holding 53,15,000 shares (8.56% equity of Geometric Ltd)

Punj Lloyd is now ideal Candidate for Swing Trade (Part of Rakesh Jhunjhunwala Portfolio)

In the last few days Punj lloyd has been thrashed badly, primarily due to poor results in this Qtr. However, with strong order book of more than Rs 30000 cr, the stock cannot be ignored.

After this harsh thrashing, the stock is now ideal candidate for swing trade. It is strong support at around at Rs 196-Rs200/- and resistances at Rs 230/-, Rs 250/-, Rs 270/- and rs 295/-.

Autoline Industries won US $ 40 million contract ( Part of Rakesh Jhunjhunwala Portfolio)

Autoline Industries has won $ 40 million contract. They will be manufacturing brake and clutch pedal assemblies for two US automakers for next 4 years. Autoline Industries is a subsidiary Autoline USA.

Rakesh Jhunjhunwala initially bought 1,60,389 shares (1.46 % of Autoline industries ) in Qtr ending Mar 08. At that time the stock was fluctuating between Rs160/- and Rs250/-. However, as per latest shareholding pattern (Qtr ending Sep 09) on Bombay Stock Exchange, Rakesh Jhunjhunwala and His wife Rekha Jhunjhunwala together hold 12,51,233 shares (10.25% of Autoline Industries). The quarter wise holding of Rakesh Jhunjhunwala and Rekha Jhunjhunwala (RARE) in Autoline Industries is as given below:

Mar 08

1,60,389 shares (1.46% of Autoline Industries)

Jun 08
7,11,622 shares (5.83% of Autoline industries)

Sep 08
12,31,233 shares (10.09% of Autoline industries)

Dec 08
10,20,000 shares (8.36% of Autoline industries)

Mar 09
12,51,233 shares (10.25% of Autoline industries)

Jun 09
12,51,233 shares (10.25% of Autoline industries)

Sep 09
12,51,233 shares (10.25% of Autoline industries)

I think future is looking up. Stay invested and God Bless every one.

Rakesh Jhunjhunwala added 8 lac shares of Geometric Limited in Qtr ending Sep 09

I was going through the shareholding pattern of Geometric Limited at Bombay Stock exchange website and realised that Rakesh Jhunjhunwala added 8,00,000 shares in the Qtr ending Sep 09 as well. It is interesting to note that Rakesh Jhunjhunwala has been adding Geometric Limited almost every Qtr since 01 Jul 06. The only two qtrs in which he did not add Geometric Limited were Qtr ending Dec 07 (01 Oct -31 Dec 07) and Qtr ending Jun 09 ( 01 Mar - 30 Jun 09).

As on 30 Sep 06, he was holding 4,80.000 shares of Geometric Ltd (2.43% of Geometric Limited) but after adding 8,00,000 shares in this Qtr, his holding in Geometric has now gone upto 53,15,000 shares, which corresponds to 8.56% equity of Geometric Ltd. The Qtr wis e holding of Rakesh Jhunjhunwala and his wife since Sep 06 is as given below:

Sep 06:

4,80,000 shares (2.43 % equity of Geometric Ltd)

Dec 06:

17,80,000 shares (2.90% equity of Geometric Ltd)

Mar 07:

21,75,000 shares (3.51% equity of Geometric Ltd)

Sep 07:

25,05,000 shares (4.04% equity of Geometric Ltd)

Dec 07:

25,05,000 shares (4.04% equity of Geometric Ltd)

Mar 08:

27,35,000 shares (4.41% equity of Geometric Ltd)

Jun 08:

30,35,000 shares (4.89% equity of Geometric Ltd)

Sep 08:

31,85,000 shares (5.13 % equity of Geometric Ltd)

Dec 08:

38,65,000 shares (6.22% equity of Geometric Ltd)

Mar 09:

45,15,000 shares (7.27% equity of Geometric Ltd)

Jun 09:

45,15,000 shares (7.27% equity of Geometric Ltd)

Sep 09:

53,15,000 shares (8.56% equity of Geometric Ltd)

It seems that the Big Bull is really bullish on this stock and therefor it is important to remain invested in this stock for a longer horizon to enjoy the fruits of patient and successful investing.

Click here to Understand Geometric Limited Business Part - I

Rakesh Jhunjhunwala increased his stake in Titan Industries by 137105 shares

In the Qtr ending Sep 09, Rakesh Jhunjhunwala increased his stake in Titan Industries by 137105 shares, thereby increasing his total holding to 3703861 shares.

Rakesh Jhunjhunwala now holds 8.35% of Titan Industries.

Understanding Geometric Business Part -I (Part of Rakesh Jhunjhunwala Portfolio)

Inspite of all the crashes, money invested in geometric Ltd in August 2001 would have multiplied approx 10 times. The cost of share at that time was Rs 52 approx and todays cost is Rs 50.4 but with 10 times more shares in terms of split and other instruments. However, in Aug 04 the share was trading at approx Rs 124/-(Which amounts to Rs 1240/- as the share holder would be having 10 times more shares) but after that the share had fallen down to Rs 11/- approx (Rs110/- true value in terms of investment made in Aug 01.) Let us understand the business of this company so that we are aware as what lies in the future ahead.

Geometric Ltd provides

Software solutions (Product Lifecycle Management, Manufacturing IT, Software Product Engineering),

Engineering solutions (Product Engineering, Manufacturing Engineering, Engineering Productivity Solutions)

Technology solutions (Desktop Products, Technologies and Interoperability Solutions)

to

Aerospace and Defense Industries
Automotive Industries,
Fashion Industries,
Heavy Engineering,
High Technology,
Machine Tool,
Medical Imaging,
Metrology,
Software OEMs.

In the next post, we shall discuss about PLM Offerings by the Geometric Ltd.

About Geometric Ltd ( Part of Rakesh Jhunjhunwala Portfolio)

Geometric is a specialist in the domain of engineering solutions, services and technologies. Its portfolio of Global Engineering services and Digital Technology solutions for Product Lifecycle Management (PLM) enables companies to formulate, implement, and execute global engineering and manufacturing strategies aimed at achieving greater efficiencies in the product realization lifecycle.

Headquartered in Mumbai, India, Geometric was incorporated in 1994 and is listed on the Bombay and National Stock Exchanges. The company recorded consolidated revenues of Rupees 5.98 billion (US Dollars 129.47 million) for the year ended March 2009. It employs close to 3000 people across 10 global delivery locations in the US, France, Romania, India, and China. Geometric is assessed at SEI CMMI Level 5 for its software services and ISO 9001:2000 certified for engineering operations.

OK Play India Ltd - My choice for Diwali Pick at Rs 27

Happy Diwali to all the readers. I am buying OK Play India Ltd as Diwali Pick due to the following reasons:

> This stock is likely to do very well for many years to come as it operates in Toy Industry and with Indian Population and demanding children of today the company is likely to stay put.

> Reputed name and management inToy Industry.

> Worst is behind the company. Company posted loss in all the four qtrs of 2008. But it posted profit in first two qtrs of 2009. In mar 09 qtr, it posted a profit of approx 49 lakh rupees and in Jun 09 qtr it posted a profit of Rs 3.767 crores. But it has to be treated with caution as both these results are un-andited.

> Its all time high was Rs 170 approx and now it is at Rs 27 approx.

> As against the EPS of -6.5 for financial year 2008-09, it has posted 2.37 EPS for Jun 09 qtr.

> In the short run, if the Sep 09 qtr results are good, then it is likely to go to Rs 40. However, irrespective of Sep 09 results, investors with at least 1 year horizon are likely to benefit.

Rakesh Jhunjhunwala added 6 lac shares of Karur Vysya Bank

In the Qtr ending Sep 09, Rakesh Jhunjhunwala increased his stake in Karur Vysya Bank from 19,68,724 shares to 25,68,724 shares, there by adding 6,00,000 shares.

Now he holds 4.76% of the total equity of the bank. Earlier he was holding 3.65%

Something is cooking friends, May Be....

Geojit's Net Profit rises 150% YOY (Part of Rakesh Jhunjhunwala Portfolio)

For Qtr ending Sep 09, the Net Profit of Geojit rose to Rs 13.06 crores as compared to Rs 5.22 crores during the same period last year.

During the Qtr ending Sep 09, the company registered a 58.58 % rise in net sales to Rs 75.63 crores as compared to Rs 47.69 crores in the same period last year.

Last 12 month EPS as on 31 Mar 09 was 1.78. However, this year from 01 Apr 09 to 30 Sep 09, Geojit has already achieved 1.17 EPS. Outlook for the stock also looks bright.

Kajaria Ceramics Ltd - Good Result and positive outlook (Part of Rakesh Jhunjhunwala Portfolio)

Kajaria Ceramics posted a strong set of numbers for Qtr ending Sep 09.

PAT/Net Profit has jumped approx 50% to Rs 8.77 crores as compared to the same period last year.

Operating profit margin was 16.41% as compared to 14.91% during the Sep 08 qtr.

As compared to EPS of 1.21 for four qtrs as on Mar 09, the EPS from 01 Apr 09 to 30 Sep 09 is 2.01. However, it reported EPS of 1.19 for Sep 09 qtr as compared to 0.79 for the corresponding period last year (rise of approx 50%).

It is also setting up of 2.40 M Sqr Mtr- vitrified tile manufacturing capacity at existing location in Sikandrabad (UP) scheduled and expected to go on stream by January 2010.

Prabhudas Lilladher estimates NCC PAT for Sep Qtr (Part of Rakesh Jhunjhunwala Portfolio)

Prabhudas Lilladher estimates that the PAT for Nagarjuna Construction Company for Sep Qtr would be up by 20.9%, to Rs 51.1 cr YOY.

Net Sales is also expected to be up by 11.8% to Rs 1180 crores YOY.

Rs 1500 crores invested by Provogue to develop 6 malls(Part of Rakesh Jhunjhunwala Portfolio)

Rs 1500 crores has been invested by Provogue to develop six Malls through its real estate arm Prozone Enterprises and the same would be ready by next two years. Each Mall would be of 10,00,000 Sq Ft and would include residential and office space as well.

In addition, Provogue is also planning to set up 50 new retail stores in next two years at an approx cost of 20-30 crores.

As per Mr Chaturvedi, Provogue is very aggressively expanding both retail and Mall development businessess.

Hrithik to endorse Provogue (Part of Rakesh Jhunjhunwala Portfolio)

Hrithik Roshan would be the next brand ambassador for Provogue. Earlier the same was being endorsed by Fardeen Khan and Saif Ali Khan. With Hrithik Roshan as Brand Ambassador, Provogue reasserts its connect with the youth.

Lupin signs deal with Nasdaq-listed Salix Pharmaceuticals for Rifaximin (Part of Rakesh Jhunjhunwala Portfolio)

Lupin has granted Nasdaq-listed Salix Pharmaceuticals, the exclusive rights in the United States to its bioadhesive drug delivery technology for use with Rifaximin.

Lupin and Salix have entered into a deal under which both partners will collaborate in the development and commercialization of an extended release product incorporating Rifaximin and utilizing Lupin’s proprietary bioadhesive technology.

Beside this, Lupin and Salix have also entered into an exclusive agreement in the United States for supply of Rifaximin active pharmaceutical ingredient (API).

Under the arrangement, Salix has made a $5 million up-front payment and will make additional regulatory milestone payments to Lupin. In addition, Salix will pay royalties on net sales of the bioadhesive Rifaximin product to Lupin.

Rifaximin is a gut-selective antibiotic with negligible systemic absorption (<0.4%)>

Rakesh Jhunjhunwala expects 12-14% economic growth in next 5-7 years

Rakesh Jhunjhunwala says he is bullish on the Indian markets and expects Rs 2,500-3,500 crore local money in equities. He is also of the opinion that Interest rate hike in India is not likely before March.

As per him, the future of Indian markets is going to depend on the performance of Indian economy and the international scenario on interest rates. There are certain long-term trends which are driving the Indian markets, Jhunjhunwala says, adding, that the economic growth in India is going to be between 12-14% nominal over the next 5-7 years. As per his assessment, the factors that are driving this growth are irreversible whether its skill, tolerance, democracy or demographics. He also said that if growth in corporate profits, is going to be a percentage of nominal GDP growth which it is worldwide, he doesn’t see any reason why corporate should not grow between 15-17% compounded.

As per him this year maybe 20-30 billion of local money will come and in two years it will be 60 billion. In time to come, the local investment will be far greater than the foreign investment.

Provogue's New Business Strategy (Part of Rakesh Jhunjhunwala Portfolio)

Provogue is reworking its business strategy to boost revenues and prop up margins.

Under the new strategy, Provogue plans to reduce the size of its stores, sell more of its vendor brands, slow expansion in its discount format, and scale down mall development.

The company made a net profit of Rs 70 crore on revenues of Rs 363 crore in FY09. Its net profit went up by 180 per cent in FY09 compared to net profit in FY08. However, the company’s operating profit margins have gone down by 500 basis points in first quarter of FY09 compared to preceding quarter due to poor consumer sentiments.

Provogue, which opened its first store in 2001, today has 126 stores and over 100 shop-in-shops. The company plans to open 50 new stores in the next two years with an investment of Rs 35 crore to take its store count to 175.

It would opt for smaller stores in the range of 800-2,000 square feet to save on rents and costs.

Though the company planned to have 20 Promart, its off-price shops, by mid-2010, it currently has only two stores in the country.

Prozone Liberty, the mall development arm of Provogue, has also scaled down its plans given the slowdown in the retail sector earlier. Originally, the company planned to build six malls, now it is going ahead with only three, in Jaipur, Indore and Aurangabad. The company is also exploring ways to use additional land in these sites for alternative uses such as residential development.

Lupin Acquires US rights For Antara

Lupin has acquired US rights for Antara (Fenofibrate capsules 43mg, and 130mg) for $38.61m from Oscient Pharmaceuticals.

Lupin had filed an ANDA for fenofibrate capsules 43mg and 130mg. The company sold the ANDA to Dr Reddy's Laboratories and also settled the pending litigaAntara is aimed at adjunct treatment of hypercholesterolemia and hyper-triglyceridemia in combination with diet. Reportedly, the Antara acquisition enables Lupin to enter the primary care market with a three products portfolio.tion relating to the product.

Buy Lupin, target of Rs 1344: Sharekhan(Part of Rakesh Jhunjhunwala Portfolio)

Sharekhan has maintained its buy rating on Lupin with a target price of Rs 1344 in its September 29, 2009 research report.

A[tech launched "English Express" (Part of Rakesh Jhunjhunwala Portfolio)

After China, the global learning solutions major (Aptech) is chasing the African dream to pep up its overseas gambit. In sync with its multi-product and multi-geographies strategy, the company is planning to grow its flagship brand -- Aptech Computer Education -- in Nigeria from 15 centres to 30 by 2011.

Aptech on Wednesday launched a new brand -- English Express -- that will offer English language training in the country.It plans to open 80-100 English centres across India in the next one year with an investment of Rs 3 crore.

Prime Focus brings 15 post houses together for rebrand (Part of Rakesh Jhunjhunwala Portfolio)

Prime Focus has brought together its post-production facilities under a single brand. These include Prime Focus London (previously VTR, The Hive and Clear), blue and Machine from the UK; Post Logic and Frantic Films VFX from the US; and Prime Focus Group in India.