Skip to main content

Rich brew for McLeod Russel India on strong outlook

McLeod Russel India soared 9.16% to Rs 80.45 at 11:20 IST on BSE, extending previous session's gain after the company official said in a television interview that the firm estimates Rs 750–Rs 770 crore revenue in FY 2009.

In the previous session on Monday, 7 April 2008 the McLeod share closed up 6.12% or Rs 4.25 at Rs 73.70. The interview was broadcasted during market hours on Monday, 7 April 2008.

Meanwhile, the BSE Sensex was down 201.61 points, or 1.28%, to 15555.56 tracking subdued-to-weak trend in Asian stocks.

On BSE, 4.92 lakh shares of the scrip were traded. The stock had an average daily volume of 2.96 lakh shares on BSE in past one quarter.

The scrip had touched a high of Rs 81.55 and a low of Rs 74 so far during the day. The stock had hit a 52-week high of Rs 98.95 on 3 January 2008 and a 52-week low of Rs 46.45 on 21 January 2008.

The scrip had outperformed the market in the one month to 7 April 2008, gaining 15.97% as against the Sensex's 1.37% fall. It had also outperformed the market in the past three months, slipping 16.15% against the Sensex's 24.51% slide.

The small-cap tea manufacturer has an equity capital of Rs 54.17 crore. Face value per share is Rs 5.

At the current price of Rs 80.45, the scrip trades at a PE multiple of 9.05, based on Q3 December 2007 annualised EPS of Rs 8.88.

Earlier on 22 February 2008, the shareholders of Mcleod Russel India had approved the scheme of amalgamation of The Moran Tea Company India with Mcleod Russel India.

The net profit of McLeod Russel India rose 45.6% to Rs 24.06 crore on 3.5% rise in sales to Rs 190.42 crore in Q3 December 2007 over Q3 December 2006.

McLeod Russel India produces tea in India. The company offers its products under the Williamson and WN brand names

Popular posts from this blog

Bio-fuel has top investors powered up

23RD ,JUNE India's fortune-hunters believe their new-found love for biofuel will pay off. India's well-known investors who are known for their Midas touch have spotted an opportunity in bio-fuel, betting big on ethanol, bio-mass and even bio-fuel equipment makers in India and other parts of the globe. Billionaires Rakesh Jhunjhunwala, C Sivasankaran, Vinod Khosla, founder of Sun Microsystems, and Nemish Shah, the media-shy joint partner of Enam Financial Services, are investing in bio-fuel makers quietly, expecting that bio-fuel will have a big play in the coming years as the world looks for a viable alternative to the fast depleting oil reserves. Jhunjhunwala, who is known for his ability to spot a multi-bagger at a very early stage, recently invested in Hyderabad-based bio-fuel firm Nandan Biometrics.He is also a 10 per cent stakeholder in Praj Industries, which is a bio-fuel technology provider…

up to 8,500% return in 5 years! Investors made a killing in these 30 smallcap stocks

U By Rahul Oberoi, | Updated: Dec 01, 2017, 04.06 PM IST Post a Comment
Efficiency pays in the long run. Among the top smallcap plays on Dalal Street, 30 companies with stable return on equity (RoE) and return on capital employed (RoCE) have surged up to 8,500 per cent over the past five years.

All these companies had a debt-to-equity ratio of less than 1 and have been maintaining RoE and RoCE of over 20 per cent since 2012-13.

Avanti Feeds emerged the chart topper, with an 8,527 per cent gain to Rs 2,596.60 as of November 28 from Rs 30.10 ..

ovember 28 from Rs 30.10 on November 27, 2012. The company’s return on equity for FY17, FY16, FY15, FY14 and FY13 stood at 42.65 per cent, 46.21 per cent, 52.41 per cent, 45.79 per cent and 27.60 per cent, respectively. Avanti also managed to achieve a return on capital employed of over 50 per cent in last four years. Its RoCE stood at 28.59 per cent inRoE measures net income earned for every rupee of shareholder funds, while…

5 dark-horse picks

Kwadrat/ Kwadrat/
If you are a conservative investor, using the mutual fund route is the best way to invest in stocks. But if you are game for some excitement, you might want to dabble directly in stocks, especially small-cap stocks. Stocks that are smaller in size, in terms of market capitalisation, carry higher risk. The reasons are — one, lower traded volume increases price volatility, two, information is usually scarce on these companies, three, business risk is higher since many of these companies are dependent on a single product and four, governance risk is also higher in these stocks. That said, small-cap stocks have the capacity to deliver far greater returns when compared to large-cap stocks. Sample this: there were 16 stocks with market cap more than ₹50,000 crore in January 2009. These stocks delivered an average return of 138 per cent in the last eight years but 4 out of every 10 stocks in this group delivered negative returns. On the ot…