Poddar Pigments..@36 and SNL Bearing......11.00

Friends,
I have two stocks to write upon today.
Seems that worst is over for Textile sector and seems good times coming ahead.
Poddar Pigment is in Dyes and Pigments which are used in Textile,Eng,moulding machine, etc.
They claim to the first in India for creating Masterbatches for dope dyeing for Poly propylene,Nylon & polyyester multifilament yarn/fibres.
Well, I am no textile guy and hence do not understand anything here what can be the growth trigger for this.
But the bottomline is showing some great signs . Management is buying back from the market at this price and hence I can say that future looks bright for Poddar Pigments otherwise there is no need to buy at current rate if they are not going to do good in future.
Since last 2 qr they have an eps of 2 and hence Poddar Pigments can end the year at around 7-8 eps which makes it a value buy at 5 p/e...


Another is SNL Bearing...CMP 11.00

It is still in very nascent stage but what I like is , it is owned by NRB Bearing.SNL Bearing was previously Shriram Needles Bearing Ltd and NRB Bearing (MNC) took over in 2000.With such a great management SNL Bearing is bound to do good in future.....
At Rs 11.00 , SNL is looking damn cheap....one can take a small exposer atleast to give a salute for a co owned by NRB Bearing ltd......I think Rs 11 is not a big price to buy a co which have a MNC management..

Here are some excerpts which I have taken from their website:

Shriram Needle Bearing Industries Limited ( SNL), promoted by the leading Indian business house, Shriram Group, was established in 1983 in Ranchi, India. SNL was promoted as a joint venture between Shriram Group and INA Germany and is India’s major needle bearing manufacturer. SNL is equipped with state of the art technology, along with expertise in product design and process technology gained from the world leader INA Germany in a technical collaboration from 1983 till 1997.
SNL Bearings Ltd. ( formerly Shriram Needle Bearing Industries Limited) was acquired by NRB on 1st June, 2000. SNL has successfully developed and introduced cage guided drawn cup needle bearings, connecting rod needle cages for piston pin and crank pin along with other types and ranges of needle bearings.
SNL enjoys a large market share of Original Equipment Manufacturers ( OEMs), producing motorcycles, scooters, cars and trucks in India, and has made successful in-roads into the motorcycles, chainsaws, handtools and other industrial markets worldwide with established customers in USA, Italy, UK, Portugal, France, Indonesia, Malaysia, Taiwan, Singapore, Thailand, Vietnam, Phillipines, Kenya and U.A.E.
SNL is respected in the domestic and international markets for its product quality and design values.
SNL Ranchi is a certified ISO 9002 Company going across international frontiers, satisfying demanding customers in its journey into the 21st Century.
SNL ProfilePlant Locations : Ranchi
Employees : 200
Product range : Over 200 sizes in needle roller bearings
Products : Needle Rollers, Needle Cages, Needle Bushes, Thrust Cages,
Applications : Gear Boxes & Propellor Shafts
Connecting Rod
Steering Systems
Chasis & Suspension, etc.
Industrial Machinery
SNL Customer Base
Existing Customers4 Wheelers, Denso India Tractors, Maruti, Mahindra & Mahindra, Mico, Sona Steering Ltd., Telco, TAFE.
2 Wheelers
Bajaj Auto Ltd., Kinetic Honda, Kinetic Engineering, LML.


Update:
Lumax Ind,Frontier Spring , GSPL, Thermax, Sesa Goa,Catvision Product ,Sabero Organic, Sahyadri Ind,Max India( am seeing brokerage calls for this counter)etc has started making new highs.....

Watchout for Ennore Coke and PAE Ltd(going in Solar sector).....