Hi,
My previous call of Bartronics (recommended at 151) has reached its target of 230 a few days back - viz more than 50% gains in about a months time.
My next pick is Sterlite Technologies. I like this stock due to the following reasons:
Deloitte has nominated Sterlite Optical Technologies as the 6th Fastest Growing Technology Company in India in 2006. The Company won the Deloitte Technology Fast 500 Asia Pacific & Fast 50 India Awards 2007, IMC-RBNQA - Certificate of Merit 2007 and the Dun & Bradstreet Corporate Award 2007 for Telecom Equipment.
4 patents were granted for Optical Fiber Products & Processes in USA, India and China, adding to the 9 patents granted in previous years.
Optical Fiber & Fiber Optic Cables facilities are running at nearly 100% capacity and in line with the unprecedented demand indications in the global optical fiber industry. The optical fiber expansion of 4 Million-km to 6 Million-km has been commissioned
during the year and the expansion to 12 Million-km is running on schedule to finish by June 2009.
Export sales showed a strong growth by 75% to reach export revenues of Rs. 518 Crores (USD 129 Million) as compared to international sales of Rs. 296 Crores (USD 74 Million) in FY07. International Sales now account for 31% of net revenues as compared to 25% in FY07.
FY08 Net Profits up by 98% to Rs.101 Crores vs 51 Crores last year; EPS grows to Rs. 15.46 vs 8.26 last year.
At the start of FY09, the Company has a strong order book of about Rs. 1,020 Crores for its telecom and power products, of which the export order book is about Rs. 320 Crores.
Sterlite received contracts valued at INR 2.96 Billion from PGCIL, India's single largest buyer of Power Transmission Conductors.
The promoters hold 43.63% in the company which shows the promoters interest in the company.
Feedback/Suggestion are most welcome.
Cheers.
My previous call of Bartronics (recommended at 151) has reached its target of 230 a few days back - viz more than 50% gains in about a months time.
My next pick is Sterlite Technologies. I like this stock due to the following reasons:
Deloitte has nominated Sterlite Optical Technologies as the 6th Fastest Growing Technology Company in India in 2006. The Company won the Deloitte Technology Fast 500 Asia Pacific & Fast 50 India Awards 2007, IMC-RBNQA - Certificate of Merit 2007 and the Dun & Bradstreet Corporate Award 2007 for Telecom Equipment.
4 patents were granted for Optical Fiber Products & Processes in USA, India and China, adding to the 9 patents granted in previous years.
Optical Fiber & Fiber Optic Cables facilities are running at nearly 100% capacity and in line with the unprecedented demand indications in the global optical fiber industry. The optical fiber expansion of 4 Million-km to 6 Million-km has been commissioned
during the year and the expansion to 12 Million-km is running on schedule to finish by June 2009.
Export sales showed a strong growth by 75% to reach export revenues of Rs. 518 Crores (USD 129 Million) as compared to international sales of Rs. 296 Crores (USD 74 Million) in FY07. International Sales now account for 31% of net revenues as compared to 25% in FY07.
FY08 Net Profits up by 98% to Rs.101 Crores vs 51 Crores last year; EPS grows to Rs. 15.46 vs 8.26 last year.
At the start of FY09, the Company has a strong order book of about Rs. 1,020 Crores for its telecom and power products, of which the export order book is about Rs. 320 Crores.
Sterlite received contracts valued at INR 2.96 Billion from PGCIL, India's single largest buyer of Power Transmission Conductors.
The promoters hold 43.63% in the company which shows the promoters interest in the company.
Feedback/Suggestion are most welcome.
Cheers.