“The thief cometh not, but for to steal, and to kill, and to destroy: I am come that they might have life, and that they might have it more abundantly. I am the good shepherd: the good shepherd giveth his life for the sheep.” Jesus Christ, John 10:10-11

17 Jan 2019

STOCK MARKET--White Organic Agro reports stellar Q3FY19 numbers/read my original article dt.9/12/2018.

White Organic Agro, an organic agro product company, reported stellar quarterly performance in Q3FY19. The company’s revenue grew almost 90 per cent. 

The company’s revenue for the third quarter of FY19 jumped to Rs. 91.4 crore from Rs. 48.1 crore in corresponding quarter of previous year, representing an impressive growth of almost 90 per cent. This stellar revenue performance was led by an increase in exports and a strong boost in Rice, Aloe Vera, Moringa and other product segments. 

The company’s EBITDA for the quarter stood at Rs. 5.6 crore as compared to Rs. 3.5 crore in the same quarter of previous year, this represents a growth of around 61.3 per cent. This was on account of higher revenue, and traction in premium organic products and improving operational efficiencies. 

The company's net profit during the quarter surged nearly 56.2 per cent yoy to Rs. 5.6 crore. 

Recently, the company has bagged an export contract for long grain crème sella rice from Saudi Arabia. The contract size is about 600 MT and the total revenue expected from this current rice contract would be around Rs. 50 crore in addition to the current business. 

The company’s board of directors have approved the issue of bonus equity shares to its shareholders in the ratio of 1:1 each fully paid up of Rs. 10, this will be subject to shareholder’s approval.

STOCK MARKET--Overnight Digest: Results to watch out on January 17

The following stocks would be in focus during Thursday’s trading session in light of their results announcement on January 17: AU Small Finance Bank, Aditya Birla Money, Cyient, Hindustan Unilever and Reliance Industries. 

Au Small Finance Bank: The stock closed at Rs. 648 per share, shedding 1 per cent at the end of Wednesday’s trading session. 
Aditya Birla Money: The shares closed at Rs. 53.35 per share, down by 1.66 per cent.  
Cyient: The company’s shares was at Rs. 624 per share, gaining 1.84 per cent at the closing bell on Wednesday. 
Hindustan Unilever: The shares of the company on Wednesday closed at Rs. 1,770 per share, down by 0.99 per cent. 
Reliance Industries: On Wednesday, the shares of the company closed at Rs. 1,134.05 per share, up by 0.40 per cent. 

16 Jan 2019

STOCK MARKET--Why do we recommend THIRUMALAI CHEMICALS as one of our multibaggers?

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