Sunil HiTech was identified at Rs53 about 6 months ago and booked profit at around 145 about 2 months ago. The stock is now around Rs 122 levels.
My original post: http://goo.gl/wqlq6o
It has given good set of numbers for first quarter ended on 30th June 2014.
- YoY quarterly Sales increased by 29% and profit by 47%
- Comparing QoQ Sales and NI may not be appropriate as the March quarter is hyper active for such companies/industry
- Promoters holding increased by around 4.5% due to Conversion of Warrants.
- High finance cost still remains an area of concern.
- See the original post + comments to understand the rational for investment in Sunil Hitech: http://goo.gl/wqlq6o
See results here: http://www.bseindia.com/xml-data/corpfiling/AttachHis/Sunil_Hitech_Engineers_Ltd_140814_Rst.pdf
Disc: Entered into the stock.
Cheers,
Niteen S Dharmawat
Blog: http://dharmawat.blogspot.com/
Twitter: @niteen_india
Facebook: https://www.facebook.com/dharmawat
slideshare: www.slideshare.net/ndharmawat/
Linkedin: in.linkedin.com/in/dharmawat/
My original post: http://goo.gl/wqlq6o
It has given good set of numbers for first quarter ended on 30th June 2014.
- YoY quarterly Sales increased by 29% and profit by 47%
- Comparing QoQ Sales and NI may not be appropriate as the March quarter is hyper active for such companies/industry
- Promoters holding increased by around 4.5% due to Conversion of Warrants.
- High finance cost still remains an area of concern.
- See the original post + comments to understand the rational for investment in Sunil Hitech: http://goo.gl/wqlq6o
See results here: http://www.bseindia.com/xml-data/corpfiling/AttachHis/Sunil_Hitech_Engineers_Ltd_140814_Rst.pdf
Disc: Entered into the stock.
Cheers,
Niteen S Dharmawat
Blog: http://dharmawat.blogspot.com/
Twitter: @niteen_india
Facebook: https://www.facebook.com/dharmawat
slideshare: www.slideshare.net/ndharmawat/
Linkedin: in.linkedin.com/in/dharmawat/
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2 comments:
The company reported new orders worth Rs137Crores. Check it out here:
http://www.bseindia.com/xml-data/corpfiling/AttachLive/Sunil_Hitech_Engineers_Ltd_250814.pdf
Unless there is a reason to believe otherwise, this seems to be a serious corporate governance issue where auditors have intimated their unwillingness to be reappointed as Statutory Auditors. I am exiting from the stock.
Scripcode : 532711 Company : SUNILHITEC
Change in Statutory Auditors 02 Sep 2014 13:48
Sunil Hitech Engineers Ltd has informed BSE that the Statutory Auditors of the Company M/s. Kapoor & Parekh Associates, Chartered Accountants have intimated their unwillingness to be reappointed as Statutory Auditors of the Company at the ensuing Annual General Meeting. The Board of Directors has received consent and eligibility from the M/s. V. Sankar Aiyar & Co. Chartered Accountants for appointment as statutory auditors in place of retiring auditors of the Company. The Board has recommended the appointment of M/s. V. Sankar Aiyar & Co. Chartered Accountants as statutory auditors at the ensuing Annual General Meeting to hold office from the conclusion of ensuing Annual General Meeting to the next Annual General Meeting of the Company
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