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Hinduja Foundries Ltd.
Board Meeting : Quarterly Results
Nucleus Software Exports Ltd.
Board Meeting : Quarterly Results
Safari Industries (India) Ltd.
Board Meeting : Quarterly Results
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Sometimes near term bad outlook does magic and share become availble at cheap price , not only cheap but some times market cap become less than cash in book. One of them is Chowgule Steamships Ltd . If you see conslodated balance sheet carefully you will find CSL holds cash of 343 crores , investment 76 (38 Crores in debt MF) and 192 crores as debt. So compnay has net cash of 227 crores but compnay is trading on merely market cap of 127 crores only. CSL is part of the 92 year old Chowgule group . Compnay has exapnsion plan of $250 million . No doubt near term outlook for whole shipping industry is not great but none of other shiping compnay is giving this type of value buy opertunity. Ice on cake, dividend yield of this stock is above 4 % .