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V-Guard prices
Posted by :
adityancsNow every thing is left to the results of II nd quarter. Can any one inform about the performance of their cable division ? as this division is going to account for half of their future sales revenue. Quality wise their cables are one of the best in Indian market. However, theire are already established players such as Finolex. If any one can get information about their II qtr results, please furnish the details....
buy vguard for short term
Posted by :
pratikshah83
- V-Guard Industries Limited (vguard) BUY ABOVE 80 FOR A TARGET OF 90,100 AND A SL OF 72
For technical analysis visit swingtradingtips. net...
Very good up move..
Posted by :
SAJIMON-PALAIit is a good and safe share for long term investors because it is a low beta share,it fell less in maket corrections.so the market is near a short term top, investers should shift to low beta stocks with good dividend yield....
Very good up move..
Posted by : raviraj077
I have a great belief in this stock.. Once it consolidates above 80, very good chances that it will move higher...
It will give very good returns in short term...
Very good up move..
Posted by : thejusYes, you are right... See today also how it touched 82 and came back... ...
Very good up move..
Posted by : adityancsDo not be happy with the price of Rs.77. There will be correction in the price of v-guard in two three days. We have to wait and watch whether it can penetrate resistance level of Rs. 82. Perhaps it is possible only after declaration of their II Qtr results which is expected to be very good....
Very good up move..
Posted by : thejusGone up with a good Volume today too.. I think within the next two major upward moves the stock should close above 80......
Why V-Guard Price does not increase
Posted by : thejusVery true... and look at the Volumes today... I think in the next two moves the stock should close above 80.....
Why V-Guard Price does not increase
Posted by : ChellakaniNo wonder Brother the stock shot up by 6.5%. A clear evidence that Indian MArket is perfect and days of manipulators are gone!...
Why V-Guard Price does not increase
Posted by : adityancsI agree that there is no professional management in V-Guard. But, the company is tapping the North Indian Morket and penetrate market share for their cable division from Finolax cables and Havels in one year. Now cable market is half of their total sales after implementation of two cable factory in March 2009....
Why V-Guard Price does not increase
Posted by :
GuestI asked an equity analyst why share price of V- Guard does not increase above Rs.75 in spite of high quality products. The following is the reply: (i) Their equity of Rs.3 Cr. was raised to 21.40 cr by declaring bonus shares to promoters before IPO. After that, IPO was issued for 80 lakhs shares to employees and public at a premium of Rs. 72. (ii) Before IPO, their account was window dressed by declaring EPS of 12.54 for FY 2007-08. The EPS includes extraordinary item of Rs. 29.71 Cr. on sale of Veega Land to his wife and son. (iii) Salary of MD is 3.60 Lakhs per month plus 1% commission on Net profit plus attractive perks. Salary of ED (MD’s son) is Rs.1 lakhs plus 0.5% commission plus attractive perks. This is the style of traditional business companies of India till 1992 (before globalisation). After globalisation, promoters leave the job of operations of the company to CEO who is professionally managed and experienced in the same industrial products. Promoters do not aim at their salary and commission by holding key post but aim for wealth creation for share holders there by creating great wealth for themselves as they hold major shares of the company. (iv) V-guard has very little reserve of Rs.96.60 cr of FY 08-09 out of which share premium accounts for Rs.57.60 Cr on account of Rs.72 premium of IPO for 80 lakhs shares. V-guard wiped out all their earlier reserves by issuing bonus shares to themselves (promoters). Only skeleton was left before IPO. (v) Huge share issue expenses (underwriting etc) of Rs. 5.16 Cr. involved for IPO for 80 lakhs shares at a premium of Rs.72 against their prospectus estimate of Rs.4.87 Cr. (vi) As per prospectus, all projects are to be commissioned by Dec.2008. But, as per Annual Report 2008-09, Rs. 13.32 Cr is yet to be invested for completion. V-Guard scrapped their enamal plant at Coimbatore estimated at Rs. 9.05 Cr. and using for general corporate purpose (perhaps cost over run due to delay in implementation). (vii) Due to high profit margin on the products of V-guard in marketing in South alone, V-guard could develop their group companies viz (1) Veega Holidays & Parks Ltd (2) Wonder La Holidays Pvt. Ltd (3) V-star creations Pvt. Ltd (4) Vintage solutions Pvt. Ltd. However, their Annual Report 2008-09 shows an Operating Profit Margin of 10.02% only and Net profit Margin of 5.41% only. Why company incurs huge expenses now. (viii) Their ex-employees have started their own factory for stabilizers in South and marketing their equally good quality stabilizers under the brand u-guard. They have penetrated a good market share of stabilizer segment in South. (ix) Increase in holding of promoters last year is only 1.32%. It might have been purchased from open market to prevent further fall when their share price was Rs. 36. ...
Price of V-guard to soar
Posted by : adityancsV-guard is going to post very high growth rate in II qtr....
Other reasons why the price should go up..
Posted by : thejus
V guard has many hidden strengths and reasons for the share price to go up...
The Kashipur plant of the company has started operations in April 09 as per schedule.. This will increase the capacity of cable production of the company from 14.90 Cr mtr to about 20 Cr in April and 36.50 CR Mtr by Q3 . Also the new marketing offices of the company has started functioning. All this will contribute to the sales of the company.
AS per an interview given by the MD on 20.08.09 the TO will be about 410 Cr in 2009 10 and 1000 Cr in the next 3 years.
If one goes thru the NSE website corporate announcements in disclousers it could be observed how the management has been buying the shares from the market increasing there stake by more than 10 % in the last one year..
The Company has made an issue of shares to the friends and relatives of the management at 82 during the public issue . The management will see to it that they get a decent return on the investment.
The chances of the price going down is very low, if you notice the past one month price range , there seems to be good support around the 73 levels ( I am not a tech Expert ). Also accumulation of the share has been going on and many times the huge surge in Volumes could be noticed like the recent 8.95 laks in 24th Sept , 4.65 Laks in 26th Aug and 12.67 laks in 27th Aug .
But since the Public issue was made at Rs 82 , there could be good resistance at that level at least for one more time, and then we could see the share in a new rate.. and may be about 130 Rs in an years time...
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Sell V-Guard
Posted by : parakkalStock likely to go below 70 soon along with the broader market....
Strong Resistance
Posted by : thejusV guard strong resistance at 82 levels. ...
