Tuesday, April 30, 2013

Ajanta Pharma - Latest News

Ajanta Pharma - Financial Results & Results Press Release for March 31, 2013
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Ajanta Pharma - Press Release
Link: Click Here

Ajanta Pharma - Board recommends Dividend
Ajanta Pharma Ltd has informed BSE that the Board of Directors of the Company at its meeting held on April 30, 2013, inter alia, have recommended Dividend @ Rs. 6.25 per equity share of the face value of Rs. 5/- each, subject to approval of Shareholders at the ensuing Annual General Meeting to be held on July 13, 2013.

Ajanta Pharma - Allotment of Shares under ESOS, 2011
Ajanta Pharma Ltd has informed BSE that the Compensation Committee of Directors at its meeting held on April 30, 2013, has allotted 16,800 fully paid up equity shares of Rs. 5/- each. These shares have been allotted upon exercising of options granted to the employees under Employees Stock Option Scheme - 2011 of the Company.

My Views:The results to me looks outstanding as I can see the revenue growth of 40% for 3rd consecutive quarter, which can be considered nothing less than an unbelievable performace by the company.
Hats Off to the management!!!!!!!

If one asks me, I would say long term investor are advised to stay invested (But, everyone can take their own decision)
I expect a target of 1000 by end of year. (If the growth story continues in similar fashion)
I wont be commenting on any short term movements... :-)

Saturday, April 27, 2013

Granules India - Latest News

Granules India expects 30% growth in FY14
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Granules India - Financial Results for March 31, 2013 (Audited)
Link: Click Here

Granules India - Press Release
Link: Click Here

Granules India - Allotment of Equity Shares:
Granules India Ltd has informed BSE that the Share Transfer and Shareholders / Investors Grievance Committee at their meeting dated April 25, 2013 has approved to allot 5,000 equity shares in consequent to exercise of options under ESOP 2009.

Granules India - Board recommends Final Dividend:
Granules India Ltd has informed BSE that the Board of Directors of the Company at its meeting held on April 25, 2013, inter alia, has recommended a Final dividend of Rs. 2.00 per share representing 20% of Paid Up Capital for the financial year 2012-13.

Tuesday, April 9, 2013

Money Matters Financial Services Ltd (Capri Global) - The Comeback Journey

In 2010 end, there was a big housing loan scam that rocked the nation, and Money Matters Financial Services Ltd.(MMFSL) was proved to be the biggest culprit in that scam.
The stock was trading at 712 Rs on 16th Nov 2010, and the same script hit a low of 47.5 Rs on 16th May 2011. Promoters sold 15% shares from open markets as soon as the scam hit the media, and the CEO of the company was put behind the bars.
Link For Details Of Scam: http://en.wikipedia.org/wiki/2010_housing_loan_scam_in_India

The good thing was that promoters knew that they didn't do anything wrong with the results of the company or anything like that, hence it was always on the back of their mind that they will rise again one day.
2-3 consecutive quarters after the scam, they reported heavy losses, but they ensured that they cleared all their debts (generated because of scam) in that same period.

When the script hit a low of 47.5 Rs, the promoters of the company bought back 5% shares from open market (Around 23rd May, 2011). That was the time, we felt like, a better future can be expected from the company. After those 2 horrible quarters, they went back into profits, and that boosted my confidence in the company and their future.

Then in 2012 again, as soon as the month of April came, Promoters again bought back 5% shares from open market at an avg price of 75-80 Rs.

The journey of revenues for company since Sept 2011 has been unbelievable.
Sep 11 - 83 Crs
Dec 11 - 149 Crs
Mar 12 - 183 Crs
Jun 12 - 214 Crs
Sep 12 - 293 Crs
Dec 12 - 508 Crs

The month of April is here again. And as expected, the promoters have started buying again.
On 4th and 5th of April 2013, they have acquired around 4.71 Lakh shares which are worth almost 5 Cr Rs.
As per my calculations, 5% shares would be equivalent to 16 Lakh shares (approx.)
Hence we can expect the acquisition to continue for few more days.

The Major Worry: Lots of people have asked me about the safety of investing in a company, which has already been in one of the scam. The worry among investors is pretty much valid, and probably, that is the reason why stock hasn't gone up more than 180 Rs levels, even after spectacular performance quarter after quarter.
I believe in this script doesn't mean that each and every one following this board should.
Each one is requested to analyze the script themselves and take decisions further.
Also, if anyone is afraid, calculate your risk taking ability before investing in the company.

Disclosure: I have invested in the company since May 2011 at an avg price of 53-54 Rs, and will continue to hold, as I can see further 5% acquisition by the promoters in the company.

Success is not in never falling, but rising everytime you fall!!!