Scripscan:Biopac India Corporation
Cmp:16
Bse code:532330
Story:-Biopac india was suggested at 18rs earlier with a target of 30rs and then it went on to hit a high of 54rs in jan 08.We all know since jan what happened and biopac too is no exception from all the batterings.Its a unique company catering to the booming retail sector.It has tied up with retail biggies like Aditya birla,reliance retail etc.The company also very recently commenced production of kitchen aluminum foil.It has installed an initial capacity of 50 metric tons per month. BIOPAC kitchen foil is sold in domestic market in the brand name of 24KARAT aluminum foil and is offered in institutional as well as retail pack.BIOPAC plans to market the 24KAR4T Foils through it vast network of existing nationwide dealer and distributor network and also plans to export to its overseas customers.The company plans to double the installed capacity by the end of the current financial year to 100 metric tons per month.Though the company hasnt performed financially great but with these developments the company should deliver better numbers in the coming quarters.At 16rs it looks to be a good safe bet.
Scripscan:Aekta ltd
Cmp:17
Code:526179
Story:-There has been lot of buzz going on regarding Aekta,a small company engaged in the manufacture/production of jute products.If the market news are beleived to be true then it may just be in stage of selling out.The company has been facing intnse competition and the demand for it products too are finding few takers.The manufacture and export of Jute Yarn is not expected to be remunerative due to severe competition with Bangladesh and appreciation of the value of Indian Rupee.On contacting the company they kept numb about it and avoided the question by saying they are trying there best to safeguard shareholders wealth.To conclude i feel either the company wud get sold out or they would restructure the company.In both the cases the shareholders may win since its a cash rich debt free company.At rs 17 there is not much of a downside but upside potential seems to be huge.In these sort of market environment too its holding steady which increases the confidence and hints at the happening of those developments.Make a small position and maybe it can make your money swell on vindication of the developments.
Regards,
ARUN
I can be reached at:-arunanalyst@rediffmail.com
Saturday, April 12, 2008
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