Four out of five stocks in which Kacholia raised his stake have given negative returns so far in the year 2019. Hence, it is a classic example of an expert picking stocks at lower levels.
Kotak Securities recommended accumulate rating on MIRC Electronics with a target price of Rs 32 in its research report dated August 17, 2018.
In FY17, the air conditioners(AC) segment contributed Rs 346 crore, accounting for 46 per cent of the total sales of the company.
Mirc Electronics is a consumer electronics company and manufacturer of the Onida brand of products. In an interview to CNBC-TV18, Vijay Mansukhani, MD of the company spoke about the latest happenings in the company and gave his outlook going ahead.
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Aashish Tater of FortuneWizard.com is of the view that Mirc Electronics is a potential multi bagger.
Mirc Electronics, which owns Onida brand, plans to take its dealer count to 9,500 in the next three years focusing north and east regions besides introducing new non-metro centric models with highly optimised features.
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CNBC-TV18's Research Team recommends some top stocks to watch in today's trade - Ashok Leyland, Axis Bank, L&T, Coal India, Jet Airways, GSPL, Polaris, Central Bank India, Bank of Maharashtra and Sun Pharma.
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Mirc Electronics has reported a standalone sales turnover of Rs 315.11 crore and a net loss of Rs 13.83 crore for the quarter ended Dec '13
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Mirc Electronics has reported a standalone sales turnover of Rs 364.29 crore and a net loss of Rs 16.80 crore for the quarter ended Jun '13
Mirc Electronics has reported a sales standalone turnover of Rs 335.58 crore and a net profit of Rs 12.20 crore for the quarter ended Mar '13
Mirc Electronics has reported a standalone sales turnover of Rs 314.50 crore and a net loss of Rs 16.00 crore for the quarter ended Dec '12
Mirc Electronics has reported a sales turnover of Rs 289.71 crore and a net loss of Rs 7.81 crore for the quarter ended Sep '12
Mirc Electronics has reported a sales turnover of Rs 289.71 crore and a net loss of Rs 7.81 crore for the quarter ended Sep '12
Mirc Electronics has reported a sales turnover of Rs 352.50 crore and a net loss of Rs 17.03 crore for the quarter ended Jun '12
Mirc Electronics has reported a sales turnover of Rs 383.97 crore and a net loss of Rs 13.85 crore for the quarter ended Dec '11
In an interview to CNBC-TV18, Vipul Mathur, VP sales and marketing of MIRC Electronics says, the LCD, LED segment is showing consistent growth.