Flex Foods net profit rises 51.77% in the June 2008 quarter
Sales rise 25.83% to Rs 13.69 crore
Net profit of Flex Foods rose 51.77% to Rs 3.43 crore in the quarter ended June 2008 as against Rs 2.26 crore during the previous quarter ended June 2007. Sales rose 25.83% to Rs 13.69 crore in the quarter ended June 2008 as against Rs 10.88 crore during the previous quarter ended June 2007.
My Comments:
Again the NPM has outperformed Sales.....it is doing this consistently.......I wrote the same things when last result were declared...
yes i entered this stock just the next day u gave the call. you gave call at 14 or 15 and i entered at 17.It also gave 20% dividend which is awsome.
ReplyDeleteFYI i have been obseving the delivery percentage since 1 month and every day % of delivery is above 90 and most of the times its 100 indicating someone is accumulating it in a big way.
BTW i havent sold a single share.
regards,
shree.
Dear Rajeevji,
ReplyDeleteI am a regular visitor of your blog. Each & every write-ups are informative and excellent. I have entered Sriram EPC after you gave call and could earn handsomely.
I know that you have very deep knowledge in this field and keeping that in mind, I would like to know about SEL MANUFACTURING CO. that is continuously locked in Lower Circuit (20%) in the last 2 consecutive trading sessions in spite of the good news that they received 1.1 million pieces garment order from Russia (this is based on NSE/BSE site).
Hope you can throw some light on this matter.
Regards,
Jayapal
Hi Jayapal,
ReplyDeleteI am tracking Sel manufacturing since it got listed.I saw it going from 90 to 250 almost in circuits and then again coming down to 120 levels.I was then in India.
And then I lost it for a while as I had to come to USA.But suddenly couple of months back I saw it making new highs and it was at rs 630!Wow!
Well,that was a rampant speculation and seems some short sellers got trapped while selling it without delivary and hence it went so high otherwise there was no reason to move that fast, viz: from 120 , from where I left, to 630 in 6 months!Even L&T etc has big fundas,orders and if they can come down then why not this....
Moreover,operator moves the stock in anticipation of some order news and when the news gets out they just get out of the counter.
So the age old saying , that buy in anticipation of news/orders and sell as news comes out.....When the news of big orders are known to everybody then operators use to get out to that counter as now everyone know that NEWS, so he is now not interested in it, he will be offloading it now....hence I would suggest that if one is holding SEL Manuf. then he should sell it now to buy later if at all he wants to getin again.
Again , these are my views and hence take your own call.I may be wrong....
Dear Rajeevji,
ReplyDeleteThanks for your valued response.
Regards,
Jayapal