MIRC ELECTRONICS Ltd (ONIDA Brand) Trading in NSE & BSE at 16/-in B Group. Target 23 & 29/- for short term & 39/- for Medium Term. Safe Investment at 16/ current market situation Because Company in Consumer Durables Electronics in the name of Brand ONIDA; good Profit Making Company Turnover 1,491Cr and Net Profit was 7.9Cr Equity 6.9 Cr , Company having good Reserves 230Cr Dividend declared for 2008-09 year 40%.
Very Valuable stock at current Market Situation; Market NIFTY will touch 4,750 and Sensex will touch 16,000 within 2 to 3 weeks time. Reasons FII’s are Buying stage; and companies Dividend giving time and AGM’s time. So happily Buy at current price at 16/- and sell at 22/- to 29/-. Risk free investment at 16/- ; Because Company Having Good Reserves 230Cr and Good Brand in the market ONIDA.
MIRC ELECTRONICS Ltd (ONIDA Brand)., Trading in NSE & BSE at 16 /- in B Group. Daily accumulating company circle people, And Daily grabbing with Mumbai BIG BIG Bulls also because of Now stock is available at very very cheep price at 16/- Dividend 40% Annonced and Good Reserves 230 Cr Small Equity 6.9 Cr. Some good News coming out soon. Estimated EPS for 2009-10 is 3/-,
Book Value 19/-; EPS 1/- for 2008-09 and Estimating EPS for this year 2009-10 is 3/-. Company Given Net profit of 7.9 Cr for the year 2008-09 with 1,491Cr Turnover. Equity 6.9Cr. Company having Good Reserves 230Cr per share 33/-/- per share.
Mirc Electronics Ltd for considering a proposal for amalgamation of Guviso Holdings Pvt. Ltd. High court also Sanctioned the Scheme. Its very good for this company.
Company Having Good Assets and Good Reserves giving good Dividend every year; For 2008-09 Dividend declared 40%. Now stock Trading with Dividend.
So Mirc Electronics Ltd Stock is Valuable Stock at 16/-
Share Holding Pattern:
Promoters Holding 55%, Private Corporates 8% ,Forign Instituions 6%NRI’s & Financial Institutions 1%, Public only 29% Others 1%.
MIRC Electronics Ltd in the area of Manufacturing of Consumer Durables and Electronics like LCD TV’s, Televisions, DVD’s and Home Theaters, Air Conditions, Washing Machines, Mobile Phones, Micro Ovens and Projectors and Disply Products with the Brand of ONIDA.
Onida`s principal assembly operations are conducted in a state-of-the-art plant at Wada, 80 kms from Mumbai. The plant in Delhi caters to the production requirements for the Northern region. Our network of 33 branch offices, 208 Customer Relation Center`s and 41 depots across India ensuring that Onida products are available on retail shelves.
At Onida, we recognize that we can strengthen our competitive edge if we produce as much as possible from a given capacity at the lowest possible cost. We reduced the time it takes for a single color television to be produced from 20 seconds to 12 seconds and increased the capacity from 0.5 million to 1.2 million sets during the year under review.
In 2002-03, using the existing infrastructure, a decisive step forward was taken by entering into the manufacture of washing machines and air conditioners at the Wada factory.
ONIDA with its Sales & Marketing office in Dubai reported a 215 per cent export growth in two years, setting the base for an increased robust international presence.
The shipments to the Gulf contribute almost 65 per cent of Onida`s export revenue, while shipments to the fast growing East African market (Uganda, Tanzania, Kenya and Ethiopia) and the SAARC countries accounted for 16 per cent of export revenues.
Home Theatres and DVD players have been introduced in these markets to strengthen the Onida brand presence. These products have customized models with local language user interfaces in line with its geographies of focus. Onida models are now available with Arabic, Persian and Russian OSD (menu).
Onida products have been favored by hypermarkets like Lu Lu Centres, Carrefours, Geants and Dasmans in GCC countries.
Possitive Points for this stock for Up moving:
1) Company doing very good; Company in Consumer durables & Electronics With Good Brand ONIDA..
2) Mumbai Bulls and Operators are accumulating at current price. Company given very good results and Good divided 40% for the year 2008-09;
3) Company Projected EPS for 2009-2010 is 3/-.
4) Equity is very small at 6.9Cr.
5) Lot of expansion plans. And Good Assets; Stock is Valuable at 16/-
6) Very good future for this company
7) Mirc Electronics Ltd for considering a proposal for amalgamation of Guviso Holdings Pvt. Ltd. High court also Sanctioned the Scheme. Its very good for this company.
Enter current price at 16/- Short term Target 23/- & 29/-Medium TermTarget 39/-Strong Fundamentals.
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