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basant
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   Posted: 28/Oct/2006 at 10:13am |
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It is best to buy a stock when the price falls and the fundamentals improve rather then vive versa.. Nitco is a good stock to accumulate.
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sun_1313
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Posted: 29/Oct/2006 at 10:25pm |
Thanks basantji,
planning to enter nitco tomorrow.
regards,
sun
Edited by sun_1313 - 29/Oct/2006 at 10:25pm
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Bobby
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Posted: 09/Nov/2006 at 11:23am |
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it's up again(5.50%)to 213 level & it had gone down to 195 level two days earlier.
why it is so volatile in comparision to sensex?
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basant
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Posted: 10/Nov/2006 at 12:17pm |
For investors to take positions at the fall maybe.
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s_praharaj
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Joined: 10/Sep/2006
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Posted: 11/Nov/2006 at 8:21pm |
By next year the company's new plants would start adding to the bottomline.
Basant,
As far as my knowledge about the company goes, they have a tile factory at Pen near mumabi. It produces only ceramic tiles
which have very limited market. They sell vitrified tiles by importing from china. Most of their sales come from vitrified tile sales. They have people in China and long term agreement with factories in China. Evel labels and packings are also made in China. As far as vitrified tiles are concerned it is totally a retail play. Of course they have a better margin than the local vitrified tile producers such as HR Johnson, Murudeswar Ceramics and Bell ceramics. But everything depends on the import policy of India.
Ceramic tiles have limited market now and players are more. If they have added capacity, it may be only for ceramic tiles, in which segment the demand is less and supply is more resulting in less margin.
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Shashi Praharaj
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basant
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Posted: 11/Nov/2006 at 8:28pm |
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Yes, you have pointed out some relevant things but the co. trades at a low PE of about 10 times current year. Guess that this captures the market dynamics.
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deveshkayal
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Joined: 04/Sep/2006
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Posted: 12/Nov/2006 at 10:17am |
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As Bharat pointed out,then why Murudeshwar Ceramics is not giving returns like Nitco. I have invested in this stock.Should i get out of this.
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basant
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Posted: 12/Nov/2006 at 10:23am |
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I have little idea about Murdeshwar but generally Nitco is the leader in this segment and today theu announced another tie up from a Chinese company. The Management reiterated that it would grow at between 40%-50%.
Edited by basant - 12/Nov/2006 at 10:24am
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