The Great Indian Tech Blog » Stock Watch

ITC declares 1:1 liberal bonus, to be ratified on 23rd July

Gadget Techie — Fri, 18 Jun 2010 08:07:36 +0000

In a board meeting today June 18th 2010, the board of ITC has approved a 1:1 bonus (one equity share of Re.1 for each Re.1 share held) which would double the share capital of the company from 500 crores to 1000 crores.

The board decisions are subject to approval of the members at the 99th Annual General Meeting of the company convened for July 23.

The record date and ex-bonus date shall be announced after the board meeting. Even before the bonus, ITC had given a huge 1000% bonus this year.

Stock Watch : Panoramic Universal to give a whooping 5:1 bonus

Gadget Techie — Tue, 15 Jun 2010 08:25:33 +0000

The next stock idea I present is a lesser known small cap company. Panoramic universal is a small company with a market cap of 56.48 crores. The share hit its all time high of Rs. 349 and a 52 week low of Rs. 123 lately mostly due to operator beating. The stock is currently trading at Rs. 176 on the NSE.

The stock has an EPS of 15.55 and a P/E ratio of only 11.34 compared to industry average of 20.91. Apart from that the company has shown solid performance year after year and has mostly increased profits all YoY.

The company is in the IT business and the hospitality business inside and outside India.

The company recently announced a 5:1 bonus in early May and has fixed 21 June as the record date. The current price does not justify the fundamentals of the company and I believe there is a good upside to the stock.

I have acquired the stock and you may want to acquire it to and keep for 2-3 years for a good profit on the same.

Market Cap 228.57

EPS (TTM) 15.55

P/E 11.34

P/C 10.59

Book Value 73.25

Price/Book 2.41 Div(%) 50.00%

Div Yield(%) 1.42 Market Lot 1.00 Face Value 5.00 Industry P/E 20.91

In other news Wipro Ltd. went ex bonus today with a good start to its ex bonus journey. the stock is currently trading at 408 levels which indicated cum bonus levels of Rs. 680 which is a cool 50 rupees profit from where I had started. Since I have a large horizon I am holding it, you might want to exit if you are a short term investor and re- enter on dips.

Disclaimer :

Please follow any advice at your own risk, we will not be responsible for actions taken on reading the items here. Please use your own research before making investments. Market investments are subject to very high risks.

I and/or my family may have certain holdings in shares listed here as of date of publication of this article.

Wipro Followup : 2.11% up , can book profit or wait for ex bonus

Gadget Techie — Thu, 10 Jun 2010 17:12:01 +0000

642.55 13.25 (2.11%)

Our stock tip yesterday panned out and you are now sitting on 2.11% gains in 1 day. You may book profits in Wipro or wait for Ex-bonus and Ex-dividend on 15th June 2010.

Stock Watch : Go Long on Wipro Ltd. Ex-Bonus and Ex-Dividend 15th June

Gadget Techie — Wed, 09 Jun 2010 15:23:35 +0000

Since I am totally into share trading these days, I decided to blog about a few stocks which I think are interesting from the market point of view. I am the tertiary author of this blog but we all blog under the same pseudo name. Since I am an amateur, you are requested not to take my calls seriously, but only try and understand my approach and tell me if you think I lack somewhere.

The first stock idea I present is WIPRO :

Last close 629.30 on NSE

According to NSE India, Wipro is ex-bonus and ex-dividend on 15-June-2010. Wipro has taken a good beating from the market. From 700+ levels in March, the stock has come down to 629 despite showing good numbers in Q4 results.

The blame is to be put on the Euro economy and subsequent BP oil spill which is a client of Wipro. In anycase, I believe that the Wipro stock is a strong stock particularly since you will be able to expand your holding after 15th June with the bonus shares. Now only that you get a 6 rupees dividend and a good performer.

The share is currently trading at a P/E of 18.89 with an EPS of 33.36 v/s an industry average P/E of 20.31 (which means its discounted). Its also increased the dividend by 100% vis a vis last year to 300% i.e. Rs. 6 on a face value of Rs. 2 and the preceding falls have made it even more attractive. The bonus ratio is 2:3 which means 2 shares shall be awarded for each 3 shares owned by anyone.

The stock might have a small downturn in the short term, but in the long term , its going to be a good stock to have. Its certainly a wealth builder in my opinion.

Market Cap	92534.01	EPS (TTM)	33.36	P/E	18.89	P/C	16.89
Book Value	118.59	Price/Book	5.31	Div(%)	200.00%	Div Yield(%)	0.63
Market Lot	1.00	Face Value	2.00	Industry P/E	20.31

Disclaimer :

I and/or my family have certain holdings in WIPRO Ltd as of date of publication of this article.