Monday, 9 February 2015

NGL Fine-Chem Ltd. - RESULT UPDATE

NGL Fine-Chem Ltd. recommended on 20th November 2014 @ 71 is now trading around 100. (up 40%)
Today company has announced December 2014 quarter numbers as follows.


 As seen above: Sales are up slightly and Net Profit has boomed by 127% but only due to exceptional income of 1.12 crores this quarter, As of now it is not known what the exceptional item is but the other expenses too have increased by more than 1 crore. The nine-month results look good.
  
 As the stock has rallied almost 40% some profit booking is expected but i am still positive about the company's future, I think it is wise to hold this counter for probable multi-bagger returns as i continue to feel that this export oriented company and do really better with right marketing strategies.

I had received a lot of e-mails suggesting that Sarda Plywood is turning around but it has again announced loss this quarter and is locked in lower-circuit, I prefer stocks like NGL instead of aggressively looking for turn-arounds and taking higher risks.

27 comments:

  1. Hi Ace
    Richa is falling every day ...its come at 30 now...how much below level it will come ....what you see its potential now.... i bouhjt huge chunk for 6-8 month but if it falls everyday then 20 level will be also seen likeways...please suggest

    ReplyDelete
    Replies
    1. Mid & Small Caps are under immense pressure, even our skm egg has corrected.
      Richa industries is trading just 2 rs below reco. level, I did not say buy Richa for a time-limit of 6 months, You have to be a long-term investor to follow our blog and regarding move till 20, after this quarterly number trend will be interesting to see.

      Delete
  2. Thanx ace for such prompt reply

    ReplyDelete
  3. How much time period u suggest in long term??

    ReplyDelete
    Replies
    1. My long-term is usually more than 1 year and less than 5 years

      Delete
  4. Hi Ace is SKM eggs attractive at cmp for long term

    ReplyDelete
  5. Dear Ace,

    Last week since monday, NGL stock rosed to 113 from 90 on daily basis of 5 change points. However now the trend is getting reverersing with same pattern. what might be the factors. Who are playing or gambling with theses stocks fluctation??
    Thank you in advance

    ReplyDelete
    Replies
    1. I think profit booking going on and soon it will stabilize

      Delete
  6. Hi Ace ,

    Thanks for the update . I have 600 shares at 102 , but willing to hold for 9-12 months. Do you see it crossing 150-180 by December 2015 ?

    ReplyDelete
    Replies
    1. 102 is expensive to enter and you have set a time limit to.. Can't really give a target for the said period

      Delete
  7. Hello Sir,
    Wanted your opinion on Shree Renuka Sugars.
    Thank you,
    Dr. Prashanth Jana.

    ReplyDelete
  8. Hi ace,
    What's your view on maestro electronics, jsl industries, Monte Carlo and titagarh wagons limited.

    ReplyDelete
    Replies
    1. Not tracking maestro... Dont like other three

      Delete
  9. sir, your opinion on prozone intu and matur uniquoters

    ReplyDelete
    Replies
    1. prozone loss making, mayur expensive now.

      Delete
  10. Replies
    1. Looks interesting, needs to improve its net margins though.

      Delete
  11. Hi sir..
    your opinion on eicher motors..

    ReplyDelete
  12. Dear Ace,

    I have bought NGL shares at 107.65, is that good to book loss now or wait another 3 to 6 months to reach atleast 110.

    Thank you

    ReplyDelete
    Replies
    1. 107.65 is expensive to enter and you have set a time limit to.. Can't really give a target for the said period..Recommended @ 71, next review after next quarterly nos.

      Delete
  13. Hi Ace

    Please let us know what is happening with NGL fine chem. The stock has went up from 92 to 97 to 103 to 107 to 113 each day and came down from 113 to 107 to 103 to 97 to 92 to 87 and now at 83.

    I had full confidence on the company's performance but seeing this pattern, I am loosing it now. Why are we seeing this pattern and how long will it fluctuate like this. Are we going to see any upward movement of this stock. Please share your view

    Thank you in advance

    ReplyDelete
    Replies
    1. NGL went up from 71 to 113 non-stop, Now with muted results it was expected that there will be profit booking, Now not many sellers left in this stock should soon stabilize.

      Fresh update after next quarterly number.

      Delete
  14. DEAR ACE,
    plz suggest me about venkys, TT and Bodal chemicals

    ReplyDelete