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Wednesday, September 19, 2012
9 stocks that can give good returns
Microsec has come out with its 9 stocks from small and mid cap space. According to the research firm, Amara Raja Batteries, Cera Sanitaryware, Dhanuka Agritech, La Opala R G, PI Industries, Somany Ceramics, Tide Water Oil, Wimplast and Zensar Technologies are having the potential to give good returns to investors. Microsec has come out with its 9 stocks from small and mid cap space. According to the research firm, Amara Raja Batteries, Cera Sanitaryware, Dhanuka Agritech, La Opala R G, PI Industries, Somany Ceramics, Tide Water Oil, Wimplast and Zensar Technologies are having the potential to give good returns to investors. Amara Raja Batteries Ltd Amara Raja Batteries reported 32% YoY growth in its top-line at Rs6940 million. On a QoQ basis, top-line improved by ~3%. On account of better product mix and robust topline, EBITDA grew by a massive 76% YoY at Rs1200 million. Led by robust operational performance and higher other income, PAT grew by 95% YoY to Rs 760 million. In the past, auto industry has registered an extraordinary sales growth of ~30% in Original Equipment Manufacturer. As per SIAM, the overall industry is expected to grow around 9%-11% for FY13E. OEM segment contributed around 26 % of the total turnover in 2011- 12 in the replacement market and is expected to register a growth of 11-13 % in 2012-13. Going forward we expect the demand coming from replacement market which will drive the volume and margin for the company.
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