Stocks in News: MIC Electronics, Aptech, Godrej Industries

MIC Electronics

Investment major Fidelity has bought 20.3 Lac shares of MIC Electronics at a average price of Rs. 28.99. Hyderabad based MIC Electronics is a global leader in the design, development & manufacturing of LED Video Displays, high-end Electronic and Telecommunication equipment and development of Telecom software. The company has recently launched High Efficiency Solar LED. At the current market price of Rs. 30, the stock trades at a Price to Book value of 1.33 and a PE Multiple of 3.94 with Industry PE at 8.87.

APTECH

India’s most well known Investor Rakesh Jhunjhunwala has bought 10 Lac Shares of Aptech at a price of Rs. 113. Prior to this Rakesh has bought 5 Lac Shares of Aptech on 19th December,2008 at a price of Rs. 81. Rakesh Jhunjhunwala also holds the position of Chairman in Aptech Ltd. Aptech Limited is a global retail & corporate training solutions provider headquartered in Mumbai, India, with a presence across 5 continents. The company commenced its IT training business in 1986. Over the years, Aptech Limited has trained over 5 million students. At the Current Market Price of 113 the stock quotes at a Price to Book Value of 3.93 and a PE of 110.49 against the Industry PE of 39.

Godrej Industries

The stock price zoomed after the announcement of Buy-Back offer by the company of 57 Lac shares at a price not exceeding Rs. 275 per share. The stock is currently quoting at  Rs.101 and has gained around 30% in last few days. At Current price the stock carries a Price to Book Value of 3.12 and PE multiple of 114 against industry PE of 23.95.

Godrej Industries Limited is India's leading manufacturer of oleo chemicals and makes more than a hundred chemicals for use in over two dozen industries. It also manufactures edible oils, vanaspati and bakery fats. Besides, it operates real estate. GIL operates two plants, one at Valia in the Indian state of Gujarat and a second at Vikhroli in suburban Mumbai. The company's products are exported to 40 countries in North and South America, Asia, Europe, Australia and Africa, and it leads the Indian market in the production of fatty acids, fatty alcohols and AOS.

6 comments:

Anonymous said...

What is the future of Godrej Ind. ? The PE also looks very high.

SK said...

The company has offered buy back at 275. The stock will touch 150 soon.

rohan said...

Please remember that Rakesh Jhunjhunwala is the chairman of Aptech and his average buying rate must be significantly lower. Don't expect the stock to move up significantly from this news.

Anonymous said...

please tell me something about profits and cash flow position of mic electronics. I want to invest in this company.

thanks
Pramod

Robinsh said...

Sir please tell me about the
Sriram Bank.

Is this right ???

Sriram Bank is giving 11.5% on the deposits.

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