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Stock Watch : Jindal Photo Ltd. / Amtek Auto Ltd. / Lokesh Machines Ltd etc

Sreenath Raghav


Some stock tips here............

Jindal Photo Ltd. (JPL) (Code: 532624) (Rs.126) is attracting the
interest of investors. The buzz is that JPL is in the process of
setting up a 1000 MW power plant in Orissa for which it has already
been allotted coal mines. The management is meeting on 27th March
2008 to invest Rs.300 cr. in the equity of Jindal India Powertech, a
company formed to execute the power project. The power plant is
expected to come up by 2012.

Amtek Auto Ltd. (AAL) (Code: 520077) (Rs.241.65) is an integrated
automotive component manufacturer of forgings, engine, transmission
and suspension parts, assemblies and sub-assemblies. It supplies over
300 components and assemblies to leading OEMs in India and abroad.
Its subsidiaries are: Ahmednagar Forgings – Pune; Amtek Ring Gears
Inc., Amtek Crank Shaft India, Amtek Investments, GWK, Lloyds Brierly
Hill and Triplex – UK; and Smith Jones Inc., Midwest Manufacturing,
Amtek Gears and Amtek Investments - US. It earns 60% of its revenues
from clients in the four-wheeler segment and the balance from the two-
wheeler and commercial vehicle segments.

Lokesh Machines Ltd. (LML) (Code: 532740) (Rs.55.40) is recommended
for steady appreciation in the medium-to-long-term.
Founded in 1984, Hyderabad-based LML has three divisions — special
purpose machines (SPM), computerised numerically controlled (CNC)
machines and auto components. While SPMs are targeted at big
automobile companies, CNC machines are aimed at auto ancillaries. Its
auto component division is an OEM supplier to Mahindra & Mahindra and
Ashok Leyland.

Tera Software
BSE Code: 590020
Last Close: Rs.44.70
As per informed sources, the company has bagged some big lucrative
government contracts/orders. With an expected EPS of Rs.12-13 in the
current year and Rs.18 in 2008-09, the scrip has potential to go up
by 100% within a year. The company has surplus land in Hyderabad, the
market value which works out to Rs.38-40 per share. The company may
develop an IT Park on this land and is not at all affected by the
strong rupee as it has nil presence in the export market. The company
is paying attractive dividend of 20%. Buy with stop loss of Rs.34 to
get good return in the medium-to-long-term. P/E is only 4.

Confidence Petroleum (India) Ltd. (CPIL), the flagship company of
the Rs.400 cr. Confidence Group involved in LPG Cylinder
manufacturing, LPG Bottling, LPG Marketing, LPG Blending, Auto LPG
Cylinder Manufacturing & Auto LPG Dispensing for more than a decade.
It also provides logistical support to PSU oil majors at the national
level and has entered into a joint venture with Energetek Inc., world
leaders in NG & Adsorbed Natural Gas (ANG) Technology to provide
clean and affordable pipeless Natural Gas supply to Automotive and
Industrial Consumers. Energetek Inc. is a U.S. based company with
subsidiaries in the U.S., India, Ukraine and Israel.
ANG technology provides cost-effective storage of Natural Gas by

Courtesy : Money Times

Sreenath Raghav

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