Thursday, May 28, 2009

Best Small Cap Stocks - India 2009 -

http://www.stockanalysisonline.com/2009/03/best-small-cap-stocks-india-2009.html

Before listing the potential Small Cap stocks, I would like to let the readers know that the timing of the last post “Best Indian Stocks for Long Term Investment” was so perfect that many of the stocks in that list have gained decent returns in just 5 days (Current Rally) and I am listing them below.

1. Tulip Telecom - 30 percent

2. Rolta India - 15 Percent

3. Aditya Birla Nuvo - 13 Percent

4. Welspun Gujarat - 15 Percent

5. Axis Bank - 15 Percent

6. ICICI Bank - 15 Percent

7. Punjab National Bank - 15 Percent

This again bolsters my view that best stocks can give you decent returns in the short term and above average returns in the long term. In my last post, I have listed 40 best stocks for long term investment and in this post I list 30 small cap stocks that have great potential. I picked these 30 stocks out of the 482 BSE Small Caps listed in money.rediff.com.

Potential Small Cap stocks


1. Usher Agro Limited

2. Nectar Lifesciences

3. Aegis Logistics

4. CMC Limited

5. Supreme Infrastructure

6. Rohit Ferro-Tech

7. Pleithico Pharmaceuticals

8. MIC Electronics

9. JK Cement Limited

10. Amara Raja Batteries

11. Lloyd Electric and Engineering Limited

12. Gayatri Projects

13. Rajesh Exports

14. Gokaldas Exports

15. HEG Limited

16. ABG Shipyard


17. Bharathi Shipyard

18. Alok Industries Limited

19. Coromondal Fertilizers

20. Transformers & Rectifiers

21. EMCO Limited

22. Jyothy Laboratories

23. Fullford India

24. Abbott India

25. Dlink India

26. Deepak Fertilizers

27. Bartronics India

28. TV18 India

29. BASF India Limited

30. Bharat Bijlee

I am also giving here 3 SENSEX stocks that I did not include in the Best 40 list but I think too good to be left out.

Reliance Industries Limited
HDFC Bank
Sterlite Industries
Readers can list other small cap stocks in the comments section if they know about its future potential.

Best Indian Stocks for LongTerm Investment - By Kumaran Seenivasan.

As I mentioned in the last post, I have identified 40 companies which can give promising returns in the long term if we stick with it. In fact one can do more research on this list to construct a well balanced portfolio based on the individual risk potential. If we continue to invest from current price levels irrespective of whether the market goes down or up, there is a strong chance to get above average returns over the 5 year period.

What I have considered while selecting these Stocks?

1. Book Value
2. Current and Past EPS and PE Ratio
3. Debt / Equity Ratio
4. Current Ratio
5. Future Potential(Main reason for Selecting Commodity Stocks)
6. Size of the Company
7. Comparative Advantage or Uniqueness

I have listed the companies group/sector wise and I request the readers to do more research on these stocks to make their own judgement.





SENSEX STOCKS

1.State Bank of India
2.Larsen&Toubro
3.Reliance Infrastructure
4.NTPC
5.ONGC
6.BHEL
7.Reliance Communications(At current price) or Bharti Airtel(If less than Rs.550)
8.ICICI Bank
9.Tata Steel

Outside Sensex

Banks

10.Axis Bank
11.Punjab National Bank
12.Yes Bank or Bank of India

Power

13.Reliance Power
14.CESC Limited

Agriculture

15.Jain Irrigation
16.Chambal Fertilizers
17.Tata Chemicals
18.Gujarat State Fertilizer Corporation
19.Kaveri Seed Company




Pharmaceutical

20.IPCA Laborotaries
21.Lupin

Finance

22.Reliance Capital

Commodities/Diversified

23.Kesoram Industries or Nava Bharath Ventures(Cement and Sugar) or Ultratech Cement(If less than Rs.400)

24.Sesa Goa

25.Welspun Gujarat

26. Indian Hume Pipe Company


Engineering and Infrastructure

27.IVRCL Infrastructure

28.Hindustan Dorr Oliver Limited

29.Punj Lloyd

30.Elecon Engineering or Lakshmi Machine Works



Technology

31.Rolta India

32.Tulip Telecom

33.Geodesic Information Systems(If you believe in VAS)

34.Compact Disc India (Small Cap) or Crompton Greaves (Mid Cap)

35.Jindal Photo (Small Cap) or Siemens (Mid Cap)

Others

36.GAIL

37.GE Shipping

38.Bilcare

39.Mundra Port and Special Economic Zone

40.Aditya Birla Nuvo or Clariant Chemicals


Note: I have included Technology Sector for the people who believe in it. Because, I have a feeling that the stocks in this sector can be affected by innovation and new entry very easily than others. But we can have few selected stocks from this sector as it has high growth potential. One might have a feeling that I have left out few good companies. But if we continue to feel like that then we might end up with 100 good companies and never be able to construct a well diversified portfolio.Hence, I tried my best to limit the number of companies to 40.

Tips to Construct a Good Portfolio:

1. Select atleast 7 SENSEX Stocks from this list.
2. Spend 50 percent of your investment in the SENSEX stocks that you have selected.
3. Select 10-15 companies outside of SENSEX from this list or the companies that fit into your scheme of things.

4. Spend another 30 percent in the Large/Midcap stocks you selected.

5. Spend the rest (20 percent) in Small Caps that you selected.

6.Continue investing from current levels irrespective of the Market ups and downs.

7.If the Bull market sets in, then stop investing when the SENSEX gains 75 percent from the current levels (Around 16000). This is for the long term investors only.

8.Do not reconstruct your portfolio unless SATYAM like situation arises for any of your stocks.

9.Never get swayed by any stocks outside of your portfolio once you have selected the best companies after careful research.

10. Just sit and enjoy when the Bull market sets in and book the profit when you reach the desired (Very Important) returns.

Sectors that I am interested in:

1.Banking
2.Power & Energy
3.Agriculture
4.Engineering & Infrastructure
5.Pharmaceuticals and
6.Commodities(For long term)

Conclusion: I have selected the stocks based on my own intuition and I request the readers to do more research to pick the stocks that best suit individual interests. I have also listed a 10 point rule to construct a well balanced portfolio based on what I am certainly going to do. But individuals can change the rule according to their liking without any major modifications (Only if they are interested to construct a long term portfolio). I sincerely request everyone who read this to share their views about these stocks or other stocks they believe in.

Best Stocks – Aggressive Investors

A stock which looks great in my perspective might be a risky investment for someone else. So, I thought of giving a list of stocks based on my understanding about different risk profiles.

  • Aggressive Investors
  • Defensive Investors
  • Moderate Investors (Mixed Risk Profile)
  • Value or Contrarian Investors
Graham has given some methodologies to select stocks based on the risk profile in the book “Intelligent Investor”. I have included few of them in selecting this list along with my own inputs as the situation we are in is bit different from what he had experienced then.

Who are Aggressive Investors?

You can consider yourself as an Aggressive Investor if you have the following attitude(s).

1) Willing to take enough risk to realize greater returns even losing some principal in the process if things do not go in your way
2) Concentrating on stocks that have significant potential for growth
3) 80 – 90 % investments in Individual Stocks and Stock related Mutual Funds
4) Close to 70 % of investments in Growth Stocks

So, Aggressive Investors just love to through their hat to fight anything that come in their way and they sure know what they are risking.
List of Best Stocks – Aggressive Investors

I will list out the stocks based on the sector it belongs to. Though aggressive investors mostly opt for growth stocks, they also buy few defensive stocks. So, I will include few defensive bets as well. I certainly followed some rules in selecting these stocks, but I request everyone to analyze more about these stocks before making any decision on it.

Banking / Finance

  • HDFC Bank
  • ICICI Bank
  • Axis Bank
  • Yes Bank
  • Reliance Capital

Pharmaceuticals

  • Lupin Limited
  • Glenmark Pharmaceuticals
  • Divis Laboratories
  • Venus Remedies

Engineering / Electronics


  • Larsen & ToubroPunj Lloyd
  • Elecon EngineeringLakshmi Machine Works
  • Bharat BijleeBGR Energy Systems
  • HEG LimitedMIC Electronics
  • ThermaxSadbhav Engineering
  • Praj IndustriesTitagarh Wagons

Software / Services

  • Wipro Limited
  • Oracle Financial Services
  • Rolta India
  • Compact Disc India Limited or Moser Baer
  • ICSA India Limited or Allied Digital or CMC Limited

Shipping / Offshore

  • ABG Shipyard
  • Bharathi Shipyard
  • Aban Offshore
  • Shiv-vani Oil and Gas Exploration

Real Estate / Construction

  • DLF Limited
  • IVRCL Infrastructure
  • Jaiprakash Associates
  • HDIL
  • Unitech

Power


  • Reliance Power
  • Suzlon Energy
  • Reliance Infrastructure
  • Torrent Power
  • Kalpataru Power

Agriculture / Fertilizers / Chemicals

  • Jain Irrigation
  • Kaveri Seeds
  • Rallis India Limited
  • Chambal Fertilizers and Chemicals
  • Deepak Fertilizers
  • Gujarat State Fertilizer Corporation
  • Lakshmi Energy and Food Limited
  • Clariant Chemicals or Savita Chemicals
  • Jindal Poly Films

Textiles / Retail

  • Pantaloon Retail
  • Vishal Retail
  • Koutons Retail
  • Gokaldas Exports
  • Alok Industries

Diversified / Cement

  • Adiya Birla Nuvo
  • Voltas
  • Sintex Industries
  • Ultratech Cement
  • Shree Cements


Steel

  • Welspun Gujarat Stahl Rohren
  • Sesa Goa Limited
  • Bhushan Steel


Telecom / Technology

  • Reliance Communication
  • Tulip Telecom
  • Geodesic or Tanla Solutions
  • GTL Limited
  • Financial Technologies
Others

  • Rajesh Exports
  • Gitanjali Gems
  • JVL Agro Industries
  • Cairn India Limited
  • Adani Enterprises
  • Ess Dee Aluminium Limited
  • Parekh Aluminex
  • Opto Circuits India
  • Aegis Logistics
  • Bartronics India

By
Kumaran Seenivasan (www.stockanalysisonline.com)

The Penny Passion - Multibaggers - II

1. ENSO SECUTRACK LIMITED

Enso Secutrack Limited is an emerging company in the field of surveillance & Tracking Solutions apart from its existing range of Banking & Retail Automation, Solar products, and Fire Protection equipment. The company also promotes a green and energy saving environment by offering its SOLARTRON range of solar products for domestic and industrial applications. Enso’s client list includes most of the leading banks as well as BSNL, MTNL, Reliance Energy, Indian Railways, Various State Tourism/RTC Departments etc…

Some New Generation Products & Services

SOLARTRON Security Fencing is the modern day's alternative to the conventional type of perimeter protection. These are active fences and punish the unwelcomed intruders. The solar fence gives a sharp shock but a safe shock and created psychological fear, against any tampering. Expect wide adoption of this new technology by Defence installations and other sensitive organizations including nuclear plants as well as private firms in recent future.

SOLARTRON Street Lighting system designed to switch on light automatically at Dusk to Dawn & works throughout the night. Dream out if we adopt this through out India… How incredible It will ? How much we save power?


  • Enso Secutrack offers novel technology solutions for:-


    Traffic Surveillance & Monitoring

    Video vehicle & Incident Detection

    Speed & Red Light Enforcement

    Urban Traffic Control Systems

    Electronic Road Pricing Solution

    Automatic Number Plate Recognition

    Command & Control Centre

    Electronic Tolling solutions

    Vehicle classifiers & counters

    Weigh in Motion

    Detection cameras

Enso Secutrack has bagged an order for 24 X 7 electronic surveillance system (ESS) by use of 29 closed circuit television (CCTV) for 25 locations in the Vadodara as per the requirement of the police department. The company has qualified through a systematized bidding process carried out by Vadodara Mahanagar Seva Sadan. Why Gujarat only?

BSE CODE - 532984
SCRIP - Enso Secutrack Limited
PRICE - 19.10
SECTOR - Electronic Security/Solar devices
PE - 3.40
EPS - 5.25
Book Value - 28.39
BUY RANGE - 16-20
52W Low/High - 13/97

2. OM METALS INFRAPROJECTS LIMITED

Om Metals Infraprojects Ltd, is a company (Kothari Group) having diverse business activities and interests related to Hydro mechanical equipments, turn key solutions for steel fabrication, Hydro power developments, Real Estate, Leasing, Finance, Entertainment centers, Hotels and tourism. The ISO 9002 Company is pioneer in the field of execution from Design, Detailed Engineering, Manufacture, Supply, Installation, Testing & Commissioning of complete range of Hydromechanical equipments for Hydroelectric Power & Irrigation projects, PHED, PWD & various Corporations.

Om Metals Infraprojects Ltd. has to its credentials more than 40 projects completed all over India and abroad. Some major on going projects are Sripada Sagar Project, Kameng Hydro Electric Project, Koldam Hydro Electric Project, Sewa Hydro Electric Project, Madikeda Project, Parbati III Hydro Electrical Project, Chamara II Hydro Electrical Project, Uri II Project, Teesta Low Dam IV Project and Tapovan Vishnugad Project .

A Special Purpose Vehicle "Pondicherry Port Ltd" (PPL) has been iniatiated as a 50:50 joint venture between Subhash Projects & Marketing Ltd (SPML) and Om Metals Infraprojects Ltd. The port will be developed in four phases and will be completed by 2014. It will provide direct and indirect employment to over 10,000 people.

Om Metals has grossed in engineering sector alone a turnover of USD 25M and is now targeting a turnover of USD 50M. The company has successfully completed more than 50 Irrigation and Hydro Power projects across the nation and abroad. Bagged prestigious contracts from organization like World Bank, NTPC, Ministry of External Affairs, NHPC, NEEPCO and others Profit making company since its incorporation.

BSE CODE - 531092
SCRIP - Om Metals Infraprojects Ltd
PRICE - 06.76
SECTOR - Hydro Power and other Infra
PE - 3.80
EPS - 3.91
Book Value - 34.01
BUY RANGE - 5-8
52W Low/High - 5/59

3. AMARA RAJA BATTERIES

Amara Raja Batteries (AMARARAJA) is engaged in manufacturing batteries for the automotive and the industrial sector. Amara Raja will perform beyond our expectations in the Electric/Hybrid vehicle Era. I am dreaming about 2, 3 and 4 wheelers including low floor buses of our state RTCs running on electricity, will rule the roads in coming 7-10 years. If it happens, you will see the hi-tech BATTERY HUBS for recharging/replacing the batteries at every nook and corner. Amara Raja “PitStops” will definitely be there with its advanced technology power boxes. Just imagine that you are holding a Smart Card of AMRB and can recharge/replace the battery of your electric 2/3 or 4 wheelers at anywhere through out your journey.

The company has a range of automotive batteries sold under the brand name Amaron like Pro, Hi-Life, Hi-Way, Harvest, Go, Fresh, Optima, Shield, Gems, and Tips. Original manufacturer (OE) customers include Hyundai, Maruti Udyog, GMIL, HML, Ford and others. It is the market leader in India in the VLRA segment with 42% market share. It is also the largest & dominant market leader of standby batteries in Railways, Telecom and Power Generating stations in India. Leading Clients includes BSNL, MTNL, Lucent, Alcatel, Seimens, BHEL, CGL etc…

The company has technical collaboration with US-based Johnson Controls. The company`s franchisee outlets are known as PitStop, and it has more than 150 PitStops across India. The company’s industrial and automotive batteries are exported to Singapore, Malaysia, Indonesia, Taiwan, Philippines, Greece, Australia, Kuwait, Dubai, China and Japan.

The company invested Rs 882 million to increase automotive battery capacity by 50% from 3.6 million units per annum to 5.4 million units per annum. They also plan to expand the capacity of the industrial battery division, which would incur a capital expenditure of Rs 650 million. The company would be investing Rs 1,134 million in setting up a facility at Tirupati for the manufacture of two wheeler and small VRLA batteries. The proposed investment would be spread over three to four years.

Amaron® is the preferred supplier to Daimler Chrysler, Ford and General Motors. It has selected as automotive product of the year 2000 by Overdrive, Excellence in Environmental Management in 2002 by AP Pollution Control Board. Creative Advertiser of the year '2002 by ABBY, Ford "World Excellence Award" , Ford Q1 Award , ISO-9001 in 1997, QS 9000 in 1999, ISO/TS 16949 in 2004, ISO 14001 in 2002.

The company is one of the largest (designed for producing 3.64million batteries p.a.) and most modern automotive battery plants in Asia . Most of the product components are built in-house and maintains fully automated production line. To cater to ever changing customer needs, Amara Raja has also built a Battery Excellence Centre - the first of its kind in Asia. This research and engineering centre has been conceived as a completely self-sufficient facility with a full range of testing equipment. The centre incorporates all the latest gadgetry for battery performance evaluation, design and life testing and also has capabilities for application engineering, vehicle systems study, simulations and computer-aided design including a full calibration laboratory on site.

The company has launched a new retail store format – Powerzone. Powerzone will offer top quality automotive and power related products for the rural households and shops. It will be a one stop shop offering a platter of products from automotive batteries, tractor batteries and home UPS, from the House of Amara Raja. The first Powerzone store was inaugurated at Chengalpattu, in Tamil Nadu, recently.

BSE CODE - 500008
SCRIP - Amara Raja Batteries Ltd
PRICE - 33.60
SECTOR - Batteries
PE - 3.00
EPS - 20.58
Book Value - 39.00
BUY RANGE - 30-35
52W Low/High - 33/144


4. OPTO CIRCUITS INDIA

Opto Circuits (I) Limited (OCI) is a Bangalore based company engaged in manufacturing of Medical Diagnostics equipments includes, Pulse Oximeters, Pulse Oximeter Sensors, Fluid warmers, Cholesterol monitors etc... OCI is in a specialized, technology oriented Opto electronic industry since 12 years. OCI has the status of Export House and has been awarded two star trading house status by the Government of India. It has ISO 9001-2000 and ISO 13485-2003 quality system certification. OCI group companies have been awarded CE approval for its products. The subsidiaries of OCI possess FDA approval for different products being manufactured by them.

OCI’s infrastructure includes a full fledged R&D and manufacturing facility at Electronics City, Bangalore. OCI’s flagship products like: Pulse Oximeters, Sensors, Digital Thermometers, Thermal Bill Printers are some of the turn key solutions by the company. With its thorough knowledge of the industry & expert management, OCI can competently handle total solutions for its clients, right from conceptual level to the finished product which includes software, hardware and support system..

Criticare Systems, Inc, is now a wholly-owned subsidiary of Opto Circuits. Criticare Systems Inc. designs, manufactures, and markets cost-effective patient monitoring systems and noninvasive sensors for a wide range of hospitals and alternate health care environments throughout the world. Mediaid Inc. is a wholly owned subsidiary of Opto Circuits India Ltd. Mediaid has an established distribution network across US, Latin America and Europe.

Eurocor Gmbh, a 100% subsidiary of OCI, is a European Life Sciences Technology corporation specializing in the research, development and manufacture of interventional cardiology products. Eurocor specializes in coronary stent technology and special cardiovascular devices. Eurocor currently sells its products in over 26 countries around the world. OCI also acquired the Digital Clinical Thermometer division from Hindustan Lever in India during 2002.

The leading National clients of the company includes Manipal Group of Hospitals, Escorts Heart Hospital Delhi, Wockhardt Heart Hospital (Delhi, Mumbai), Apollo Group of Hospitals, Lilavati hospital Mumbai, Breach Candy Hospital, Mumbai etc..

OCI has received Section 510(K) US FDA (United States Food & Drug Administration) approval on two of its new generation range of Pulse Oximeters. The latest certification enables OCI to market its M30 and M34 Models of Pulse Oximeters in the United States which is the largest market for these products. The M30 and M34 Models are already being successfully marketed in Europe and Asian countries.

BSE CODE - 532391
SCRIP - Opto Circuits (India) Ltd
PRICE - 78.45
SECTOR - Medical Diagnostic Equipments
PE - 11.50
EPS - 10.86
Book Value - 19.71
BUY RANGE - 60-80
52W Low/High - 69/244

5. HIND DORR-OLIVER

Hindustan Dorr-Oliver (HINDDORQ) is a leading total engineering solution provider company. The ISO 9001:2000 certified company provides engineered solutions, technologies and EPC installations in liquid-solid separation applications and pollution control for industries like pulp and paper, mineral beneficiation chemicals, food and pharmaceuticals, breweries and distilleries, refineries and petrochemicals, oil and gas, phosphatic fertilizers, industrial and municipal waste water. The research and development facility is certified by Dept. of Science and Technology, Govt. of India.

The company has bagged several contracts from prestigious companies like Hindustan Petroleum Corporation, National Aluminum Company, Bharat Oman Refineries, Indian Oil Corporation, Vedanta Alumina etc…The company has long-term business associations in Sri Lanka, South East Asia, Jordan, UAE, Kenya, Iraq and Kuwait.

HDO has an excellent track record in Mineral Beneficiation, which is one of its core business sector. HDO enjoys leadership in more than 70 different metallic and non-metallic mineral processing industries. HDO has served almost all the customers in Alumina Industry, viz. NALCO, HINDALCO, BALCO, INDAL, MALCO and VEDANTA, by supplying its core process units, such as Sand Washing Plant, Conventional Thickeners, Hi-rate Settlers, Cable Torque Thickeners, Kelly Filters, Disc Filters, Red Mud Filters, Horizontal Pan Filters, Milk of Lime Plants, etc.

HDO has made a major contribution in the field of Uranium Ore Processing and Extraction Plants in India, and has supplied equipment and system to Uranium Corporation of India Ltd., for their Jaduguda Project. The company is also a pioneer in Water / Wastewater and Industrial Effluent Treatment Systems and offer integrated solutions for customer satisfaction. The company has over five decades of experience in India / abroad in terms of executing turnkey projects in this field.


Services
Water Treatment:-

  • Drinking Water Treatment

  • Industrial Process Water Treatment

  • Reverse Osmosis

  • Circulating Water Treatment

Wastewater Treatment:-

  • Domestic Sewage Treatment

  • Industrial Effluent Treatment

  • Refineries and Petrochemical

  • Pulp and Paper Industries

  • Dairy Industries

  • Textile Industries

  • Fertilizer Industries

  • Chemical Industries

  • Tanneries

CHEMICAL INDUSTRIES

HDO also specialized in separating the solids from the liquids in chemical industry. Solid-liquid separation units, such as Thickeners, Clarifiers, Classifiers, Drum Filters, Precoat Filters, Disc Filters, Horizontal Pan Filters, Horizontal Belt Filters, are some of the equipment, which cater to this segment.

HDO was closely associated for post-war construction work in Iraq, which included complete supply and installation of water distribution pipelines and treatment works. HDO has also supplied unique containerized mobile drinking water treatment plants to Iraq. HDO Manufacturing Works is having U Stamp Certification from ASME, United States of America.
HDO has executed many projects with specific technology tie-ups from the companies abroad. This includes:-

MINERALS PROCESSING
GL&V - CANADA (For Equipments in Mineral processing and beneficiation)
CHALICO GAMI - CHINA (For projects in Alumina Smelter and Refining.)

ENVIRONMENTAL MANAGEMENT
ABS - SINGAPORE (For lending technology support in WTP/STP/ETP projects and associating as Equipment supplier.)

KEPPEL SEGHERS - BELGIUM (For various Wastewater Technologies.)

SFC – AUSTRIA (For SBR technology.)

GE INFRA – USA(For Comprehensive water reuse technologies.)

BSE CODE - 509627
SCRIP - Hindustan Dorr-Oliver Ltd
PRICE ON - 35.25
SECTOR - Engineering/Turnkey Services
PE - 5.50
EPS - 10.88
Book Value - 35.71
BUY RANGE - 20-30
52W Low/High - 24/139

The Emerging Sector - Fixed

What you think the most pragmatic and indisputable emerging sector will be?

Is it alternate energy themes like Bio-fuel, Wind energy or Solar power solutions?

Or Mobile VAS, DTH or HITS technology?

Or is it Agriculture sector?

Or Electric/Hybrid Vehicles ?


All the above sectors can include in the emerging category with out much thinking and have good scope with the coming time. These sectors are very much depending on the upcoming technology changes and the adoptability issues up to an extent. But I would like to state a few facts on another area which is inescapable for the global community and the sector should come about an emerging or none a way back.

I am talking about the Water Management stuff which will be the most emerging and inevitable sector in coming days. Drinking water will be the rarest and most demandable substance in 21st century. Experts says, if a world war occurs again … its for water …nothing else.

We know that nothing on the earth can survive without fresh water, that a human can’t survive after three days without it. I will provide some facts and statistics related to water which will help you to assess the importance of this sector as well the significance of saving every drop of water.

The following info may also help you to make a decision on investment in the companies involved in water management with a long term vision by understanding how this stuff "water" going to be precious. Most of the information quoted below is related to this sector and some I placed only cause of the gripping nature of the news. I have named some companies below which are in the field of this indisputable emerging sector. Decide yourself whether you include the best of them in your portfolio after reading the portion full.

Jain Irrigation
KSB Pumps
Kaycee Industries
Hindustan Dorr-Oliver
ION Exchange India
Subhash Projects
Thermax
Bisleri/Himalaya(Mineral Water)
Pratibha Industries
Chembond Chemicals
IVRCL Infra
Kirloskar Brothers
Eureka Forbes

70% of the Earth is covered by water.

Only 2.5% of the world’s water is fresh while 97.5% is saline and in oceans.

Only 0.3% of this freshwater is available from rivers, lakes and reservoirs

The rest is stored in distant glaciers, ice sheets, and mountainous areas – all places that we can hardly access.

Less than 1% of freshwater is usable, amounting to only 0.01% of the Earth’s total water.

If the entire world's water were fit into a gallon jug, the fresh water available for us to use would equal only about one tablespoon

Some 97% of liquid freshwater is stored underground in aquifers. People, especially in rural areas, are mostly dependent on groundwater. Around 2 billion people, a third of the world’s population rely on it. Aquifers are most brutally exhausted in parts of India, China, US, North Africa and the Middle East. It can take centuries for aquifers to reinstate. So the world is currently running a groundwater overdraft of 200 billion cubic meters a year.

By 2025 two-thirds of the world’s people will be facing water stress. The global demand for water will have grown by over 40% by then.

An average of 10 lakh people dies cause of wars every year. But 50 lakh dies with out water or water related issues. War or Water ? which is most fatal ?

40 billion hours each year are spent collecting water in sub-Saharan Africa, equal to over 19 million full-time employees.

Over a billion people in the world do not have access to safe water; this is roughly one sixth of the world's

While the world's population tripled in the 20th century, the use of renewable water resources has grown six-fold. Within the next fifty years, the world population will increase by another 40 to 50%. Then ?


Over the past century our water consumption increased tenfold according to the WHO.

By 2025 two-thirds of the world’s people will be facing water stress. The global demand for water will have grown by over 40% by then

443 million school days are lost each year due to water related diseases

Many women and young girls in developing countries must walk as much as six miles everyday to retrieve water for their families.

The recommended basic water requirement per person per day is 50 liters. But people can get by with about 30 liters, 5 liters for drinking and cooking and another 25 to maintain hygiene. The reality for millions comes nowhere near.

Each year, more than 2.2 million people in developing countries die from preventable diseases associated with lack of access to safe drinking water, inadequate sanitation and poor hygiene.

Every 15 seconds, a child dies from a water-related disease.

88 percent of all diseases are caused by unsafe drinking water, inadequate sanitation and poor hygiene.

At any given time, half of the world's hospital beds are occupied by patients suffering from a water-related disease.

People in rural areas are four times more likely than those in cities to have no safe supply of water.

The urban population pays on average 12 times more per litre. In Jakarta, Indonesia the poor pay water vendors 60 times the price of water from a standard connection; in Karachi, Pakistan, 83 times; and in Port-au-Prince, Haiti and Nouakchott, Mauritania, 100 times.

By 2015, water will be the villain in death of 1 in every three.

The usage of fresh water Increased by 6 folds over last hundred years.

The fresh water depleted to 1/3rd in last 20 years and the usage has been doubled.

A study by International Water Management shows, by 2025 India will be in a deadly shortage of drinking water/fresh water.

India uses the 93% fresh water for agricultural purpose, 3.27% for industrial purposes and the rest 3.73% for domestic usage.

Saline water can be desalinated for use as drinking water by going through a process to remove the salt from the water.

Each day the sun evaporates a trillion tons of water.A small drip from a faucet can waste as much as 75 liters of water a day.



A person must consume 2 litres of water daily to live healthily. Humans drink an average of 75000 litres of water throughout their life.

Over 70,000 different water contaminants have been identified.

If all new sources of contamination could be eliminated, in 10 years, 98% of all available groundwater would then be free of pollution.

Freshwater animals are disappearing five times faster than land animals.

Humans daily use about 190 litres (50 gallons) of water.

Two thirds of the water used in a home is used in the bathroom.

To flush a toilet we use 7.5 to 26.5 litres (2 to 7 gallons) of water.

In a five-minute shower we use 95 to 190 litres (25 to 50 gallons) of water.

To brush your teeth you use 7.5 litres (2 gallons) of water.

For an automatic dishwasher 35 to 45 litres (9 to 12 gallons) of water is used.

The 40000 crore steel plant (Mittal Group) at Orissa required 12 billion metric ton water in a year.

1 kg of steel production requires 45-295 liters water.

1 kg of paper production requires 160-273 liters of water.

1Kg Alluminium production requires 1340 liters of water

1 Kg synthetic fibre production requires 200 liters of water

1 Kg Glass production requires 70 liters of water

Purification of 1 litre petrol requires 10 liters of water

1 Kg Butter production consumes 10 liters of water

1 KG sugar production requires 9 literes of water

1 Kg Sulfuric Acid production requires 10 liters of water

It takes 5,680 litres (1,500 gallons) of water to process one barrel of beer.

About 25,700 litres (6,800 gallons) of water is required to grow a day's food for a family of four.

It takes 7,000 litres (1,850 gallons) of water to refine one barrel of crude oil.

To manufacture new cars 148,000 litres (39,000 gallons) of water are used per car.

Is this sector emerging? I think a fixed one!

It is expected that increasing demand and thinning presence will make the water costlier and they, the related service providers will do better in days to come. It is recommended that a good long term vision portfolio must have one or two good scrips from the above list.

Multibagger Series - a definite one

Its an effort to introduce you one of the Dark Horses in my list or a future multibagger. I have placed a link to the edited screenshot from the BSE site which tells you everything about the history of its performance. I strongly believe that the history will reiterate. If you convinced, please include it in your PF.

http://s559.photobucket.com/albums/ss33/sthachat/?action=view&current=Electrothem.jpg

SCRIP - Electrotherm India
BSE CODE - 526608
PRICE ON 20/03 - 90.15
SECTOR - Electric Vehicles
PE - 1.70
EPS - 46.17
PROPOSED BUY RANGE - 60-80
BV - 348.50
52W Low/High - 76/501

Electrotherm India Ltd have 3 divisions, Metallurgical Equipment Division, Steel Division and Auto Division (Indus Elec-Trans, manufacturing electric two wheelers). Electrotherm has its network at as many as 27 places in India and also in Africa, Bangladesh, China, Iran, Malaysia, Pakistan, South Africa, Turkey, Russia and other CIS countries.


The company has signed a memorandum of understanding (MoU) with Canadian firm, Electrovaya. This MoU is for the purpose of forming a joint venture (JV) for manufacturing lithium ion polymer batteries. This joint venture will set up an advanced lithium super polymer battery plant with a capacity of up to 10 mw hours a month. The batteries will be sold in the zero-emission electric vehicle market in India and abroad.



Electrotherm India launched the high-speed version of e-bikes, 'YO-Speed' . The "no petrol scooter" with 33AH battery and a 750 watts motor has the power to seat two.

The company has signed a memorandum of understanding (MoU) with Ningbo Olisen Bipolar Batteries, China for technology transfer to manufacture special kind of high energy electric two-wheeler batteries.
Indus Elec-trans, a division of Electrotherm (ET), is formed to manufacture electric vehicles and hybrid electric vehicles. Currently INDUS has commenced manufacture of hi-tech electric two wheelers, YObykes at the plant at Kutch in Gujarat. Development of Electric three wheelers, four wheelers and hybrid electric low floor buses are on anvil for future.


Will you include this in your PF ? or after a ride ?

Investment Strategy - The other way - Expert View

I wish to share my views on portfolio building with the readers. It is expected that a minimum of 6 months are still ahead of us to build a strong and worthy Portfolio. The election menace may bring some more downfalls in the market but there is some favorable aspects also developing around which may help a gradual recovery by the end of 2009.
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The research before investing in a scrip includes a number of factors like companies’ assets, liabilities, earnings, managers, competitors, the nature of business, the amount of debt etc. You can find many of this information in the balance sheets. If you have done your homework and closely studied all the aspects of a company, you should be rewarded with a high returns.

I would like to share a raw investment strategy which I am planning to apply with this extreme volatile and uncertain bear market. It is not much the conventional or intellectual way of investing. But I believe in this system and it is proved as the best strategy in any long running bear markets.
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I also would like to mention a list of selected some seventy stocks by which I am planning to play this fixture. Most of them are Mid and Small caps, as I am simply wish to grow up small and healthy plants.

I have categorized them on consecutive sectors in which their significance I noticed. I have also mentioned the best buy range with an assumption of the on going highly volatile market sessions. The following factors are considered while selecting these stocks and I hope, if anything found wrong with any of the scrip, please don’t hesitate to exclude them.

Full or partial of the following factors are considered while selecting each of the stocks listed below.

(a) The fundamentals
(b) A bit of Technicals
(c) The product trend and applicability issues
(d) The future scope of products/Services
(e) The Management
(f) Assets/Infrastructure of the Company
(g) Certifications and Awards
(h) Market Response
(j) Previous Products/Projects
(k) Investor relations
(l) Dividend History

I will not assert, all the above measures are ok with every scrips I selected, but I tried to maintain fairness with the mainstream. Some of the scrips included in the list only cause of their expected future potentials.

I am planning to accumulate these stocks with a long term vision of 3 -15 years. Gradually wish to filter them down and would like to keep the best 2 to 3 in every sector. I am basically not concur with the logic, that one should not maintain a portfolio of more than 15-20 stocks. I prefer the most proved and worthy practice (in other areas) of filtering down to reach your specified numbers of stocks that as much you can monitor.

Managing Your Portfolio

For example, its some way similar to selection of a Football team. You are the coach of this team. Suppose, you have a 25 member team of best players from which you will select the first 11. Remember that they are the best in their respective play positions and you have an unambiguous trust on their abilities. You have selected this 25 people after stiff and exhaustive selection process. You should have more than one choice to play in every position, like good Stopper Backs, good Goal Keepers and good forwards.

You will not hesitate to skip any player at any time if he creates a burden for you. You will also not allow to play an injured player in the first eleven. You will replace the position with other best player who is sitting in the pavilion. Don’t keep any emotional attachment to any of the players and the performance should be the only criteria to keep them with you. Closely watch their performance and rotate them which best suits your team.

Buy in dips & Averaging

You can buy as little batches of 100, 500 or 1000 at every falls depending on your cash reserve. It is also possible to accumulate below the 9000 level of Sensex. Sort your portfolio frequently in ascending order on “Overall Gain” or “Net Profit figure”. Keep averaging from the bottommost scrip which shows the lowest overall gain percentage. Do these practices until some steadiness come to the market.

Please go thru the list below where I mentioned the SECTOR, SCRIP NAME & PROPOSED BUY RANGE of my selected seventy scrips.


AGRICULTURE - AGRO TECH - 70-90

AGRICULTURE-USHER AGRO-20-25

ANIMATION -COMPACT DISC INDIA -25-35

AUTO -FORCE MOTORS -50 - 60

AUTO-(BIO/ELECTRIC/HYBRID) -MAH & MAH-250 - 300

AUTO/ELECTRIC VEH -TVS MOTORS- 20 - 25

BANKING -AXIS BANK -250 - 350

BANKING -BANK OF RAJASTAN -30 - 40

BANKING- SOUTH INDIAN BANK -50 - 60

BANKING -SYNDICATE BANK -45 - 55

BANKING- YES BANK -45 - 60

BATTERIES- AMAR RAJA BATTERY -30 - 40

BIO-FUEL -SOUTHERN BIO-TECH -07 - 10

BIO-FUEL MECHIENARY -PRAJ INDUSTRIES -50 - 60

CABLES -CORDS CABLE INDUSTRIES- 30 - 35

COKE/COAL -GUJARAT NRE COKE- 18 - 25

CRAMS/BIO-MEDICINE -SHARON BIO-MEDICINE -25 - 35

DISTILLERIES -BALAJI DISTILLERIES- 15 - 25

ELECTRIC VEHICLES- ELECTROTHERM -60 - 90

ELECTRIC VEHICLES/CAR DR FRAMES -TUBE INVESTMENTS -20 - 30

ELECTRONIC SECURITY -ZICOM ELECTRONIC SEC -50 - 70

ENERGY DEVELOPMENT- ENERGY DEV CORPORATION -35 - 45

ENGINEERING -KOLTE PATIL -15 - 20

EXPORTS/JEWELLERY- RAJESH EXPORTS -20 - 25

FERTILIZERS- CHAMBAL FERTILIZERS -30 - 40

FERTILIZERS- FERTILIZERS & CHEMICALS -18 - 25

FERTILIZERS -GUJ STATE FERT CORP -70 - 85

FLORICULTURE -KARUTURI GLOBAL -05 - 08

GPS/WIRELESS -MICRO TECHNOLOGIES -60 - 75

HI-TECH MACHINES- LOKESH MACHIENS -20 - 25

HOME APLLIANCES -VALUE INDUSTRIES -08 - 12

INDUSTRIAL FINANCE -IDFC -45 - 60

INFRA- SUPREME INFRA -20 - 25

INTERNET/VAS -GEODESIC- 50 - 60

LASER CUTTING- RISHI LASER -20 - 25

LCD PANELS- MIC ELECTRONICS -15 - 25

LOGISTICS -AEGIS LOGISTICS- 50 - 60

LOGISTICS -ARSHIYA INTL -40 - 60

LOGISTICS -GLOBAL VECTRA -15 - 25

LOGISTICS -SICAL LOGISTICS -20 - 25

MEDICAL DIAGONOSTICS/CRAMS- OPTO CIRCUITS -70 - 90

MINING -ASHAPURA MINECHEM -15 - 25

MINING (IORN ORE) -SESA GOA -60 - 90

MOBILE VAS -RSYSTEMS -40 - 50

MOBILE VAS -TANLA SOLUTIONS -20 - 35

OIL EXPLORATION -HIND OIL EXPLORATION -55 - 70

PHOTOGRAPHIC PRODUCTS- JINDAL PHOTO -70 - 80

PLASTIC -TIME TECHNOPLAST -20 - 30

POWER -POWERGRID CORPORATION- 75 - 90

POWER INFRASTRUCTURE- GVK PIL- 15 - 20

POWER SOLUTIONS -KLG SYSTEL -60 - 75

POWER SOLUTIONS -PTC INDIA -50 - 70

SEISMIC TESTS- ALPHAGEO -70 - 90

SEMICONDUCTOR -SPEL SEMICONDUCTOR -08 - 11

SHIPPING -ABG SHIPYARD -70 - 80

SHIPPING- BHARTI SHIPYARD -50 - 60

SHIPPING- ESSAR SHIPPING -25 - 35

SHIPYARD -WESTERN INDIA SHIPYARD -04 - 06

SMART CARDS -BARTRONICS -50 - 70

SOLAR ENERGY- WEBEL SL ENERGY -50 - 60

SOLAR/BANKING PROD- ENSO SECU TRACK -15 - 20

SPV/IT STORGAE MEDIA -MOSERBAER- 40 - 60

STEEL- SAIL -90 - 100

TEA & OIL EXPLORATION -ASSAM COMPANY -05 - 08

TELECOM/SPV -KAVERI TELECOM -20 - 35

TELECOM/SPV -XL TELECOME & ENERGY- 25 - 40

VACCINES -BIOCON -80 - 120

WASTE MGT- INFOTREK SYSCOM- 10 - 13

WATER MGT -HIND DORR-OLIVER -25 - 35

WATER MGT -ION EXCHANGE -50 - 70

WATER/WASTE MGT/INFRA -SUBHASH PROJECTS -30 - 50

WIND ENERGY- INDO WIND ENERGY -15 - 25

WIND ENERGY -SUZLON ENERGY- 40 - 50


We cannot predict the exact sector which is going to be emerge in coming days. And its harder to find the best too. Even if we found one …what’s the matter? Satyam was one of them.

I wish to propose that,

Select 3 to 4 companies best in each sectors and do filter down on the basis of frequent performance review. The time has to show us the best. And for the non-performers, leave them simply on the way.

http://shabuhere.blogspot.com/search?updated-max=2009-04-11T14%3A56%3A00%2B05%3A30&max-results=1

The Penny Passion - Multibaggers - I

I would like to list out the first batch of Penny Stocks as I mentioned in one of my previous post. We also had a discussion on some unethical activities occurs behind the screen in such scrips at Mr Kumaran's blog. I wish to request the readers to go through the following article before planning any investment in Penny Sctocks.

http://www.stockanalysisonline.com/search/label/Guest%20Articles

On the other side, a few number of such stocks have always turned out to be multibaggers from the bear markets or in any stage of the bull runs. But locating such srcips are almost impossible in the earlier stages because the Technical/Fundamental figures even looks very much weaken, the reason I skipped the technicals.

A close observation on such companies may help you out to assume the future prospective of the business they involved. It is also significant, you should prepare for a high risk level in the case of any negative results. Shortly, Investors should more cautious in buying penny stocks cause of the higher risk rate.

Please have a look in the following scrips and hope the buy range may help you to make a decision....


1. Western India Shipyard


BSE CODE - 531217
PRICE ON 10/04 - 5.20
SECTOR - Ship/Rig Repairing/Manufacturing
BUY RANGE - - 3.00 – 5.00
52W Low/High - 03.10/35.00

Western India Shipyard Limited (WISL), India’s largest composite ship & rig repair facility in the private sector. It is one of the world’s advanced multi-dimensional and multi-purpose yard offering modern, streamlined and sophisticated ship & rig repair facilities and services. WISL’s Floating Dry Dock has a capacity to repair ships up to 60,000dwt and to accommodate ships up to 225m. length and 32.5m. in breadth. The company has already been proved its competence in repairing a vast range of domestic/foreign vessels in an admirable manner.





The yard has been designed and established in collaboration with world leaders in Ship Repairs. WISL is strategically located at Goa along the west coast of India at 15° 25' North and 73° 47' East and is geographically best positioned to offer a complete range of ship repair services.

I expect a 600 to 700% return within 2-3 years from this stock.

2. EVINIX ACCESSORIES LTD

BSE CODE - 532818
PRICE ON 10/04 - 02.40
SECTOR - Fashion Accessories/Apparels
BUY RANGE - - 01.50 – 3.00
52W Low/High - 01.49/18.70

Evinix Accessories (EVINIX) is in the business of designing and manufacturing fashion accessories and garments for exports as well as domestic markets. The company offers products in two categories. Fashion accessories includes caps, hats and bandanas, sports bags, ladies fashion bags, soft travel bags, wallets, leather belts, fashion belts, coin purses, travel kits, gift giveaways, wraps, stoles, scarves and shawls, baby bibs, cribs blanket and beddings. Fashion apparels include kidswear like trousers and tops (denim and non denim) and women`s wear like tops and dresses.

The company also undertakes bulk trading of processed and greigh fabrics. Two plants including a 100% export oriented unit in Faridabad, Haryana have in-house facilities for fabrication, washing and embroidery.

The combined installed capacity for fashion accessories and garments is 2 million pieces. The capacity after ongoing expansion, including the unit at NSEZ, Noida, would be 3,000,000 garments and 3,500,000 accessories.

The major buyer of products in the domestic markets includes Adidas India Marketing, Gokaldas India and Arvind Brands in Bangalore, V & S International Haryana. The company has entered into a licensing and sales agreement for caps and bags in the Gini & Jony brand. Overseas buyers include The GAP USA; Esprit Europe Trading & Product Development, Germany; Next Retail, UK; H & M Hennes & Mauritz, Sweden; Fashion Box Industries, Italy; and Debenhams Retail, UK.

Some of the new international brands on this division’s client list include American Eagle (US), Cecil (Germany), Next (UK), Fun & Basics (Spain), along with domestic brands like Puma and Gant. Evinix has been adding new products and new buyers at a very rapid pace in the Fashion Accessories segment. The company employs more than 700 people in the manufacturing facilities and also has a management and administrative staff of 150 people.

Cut Stores
CUT, a MaBS (Many Brand Store), addresses the young audience between 16 and 35 years, and is a home to 61 global brands (Adidas, Puma, Kappa, 454, Purple Wine, Reebok, Lee, Levi's, Mercedes Benz, to name a fews). CUT is an acronym for Comfortable, Urban and Trendy. Evinix is setting up CUT stores (averaging 4000-5000 sq feet) in fast urbanizing young Indian towns. Company-owned and company managed, the CUT stores are brand selective and sell merchandise across the entire range of Apparel, Footwear and Accessories for young men and women. Strategically located on the high streets, close to universities and youth hang-outs, the stores boast of truly youthful and high spirited ambience.


Certifications/Awards
Registration by the Fair Trade Organisation, UK, as per international standards set by the international certification body, Fairtrade Labelling Organisation International (FLO).

Worldwide Responsible Apparel Production (WRAP) registration, USA, as a mark of compliance with a growing list of retailer requirements and audits of factories, based upon 12 principles established by WRAP.

Garmenting, knitting and processing operations have been evaluated, approved and certified by Control Union, Switzerland, earlier known as SKAL.

Awarded Silver Trophy, the second highest award in the 100% EOU/EPZ- Made-ups category, for determined marketing and promotional efforts that led to cotton made-ups exports of over Rs. 5 crores (for outstanding export performance in the year 2001-02) by TEXPROCIL, The Cotton Textiles Export Promotion Council, India.

One of the few companies to get a certificate of quality from Flocert, Germany, for maternity wear.

PASS (Perfect Asia Sourcing Services) is a hologram of quality certification. Every product quality-checked through CUT, is fixated with a unique PASS hologram, doubly assuring the authenticity of the quality of the product.

I expect, this scrip will be a multibagger with in few years or after the recession menace. They have all that stuff to make our teens addicted.

3. Marksans Pharma Ltd
BSE CODE - 524404
PRICE ON 10/04 - 02.40
SECTOR - Pharma
BUY RANGE - - 04.00 – 05.00
52W Low/High - 03.90/24.40

Marksans was incorporated in 2001 as a wholly owned subsidiary of Glenmark Pharmaceuticals Ltd. In the year 2005, an alignment pact of Marksans Pharma Ltd with Tasc Pharmaceuticals Ltd resulting in a creation of new entity: Marksans Pharma Ltd. With this successful integration the company has become an integrated player for both pharmaceuticals (based on chemical substances) and biopharmaceuticals.




Marksans Pharma, Headquartered in Mumbai (India) is vertically integrated global player with strong presence across the entire value chain from Active Pharmaceuticals Ingredient's (APIs) to formulations to biopharmaceuticals. The company is also actively engaged in R&D and offers Contract Research and Manufacturing Services (CRAMS) to global pharmaceutical companies.

The specialty focus of Marksans Pharma spanning in the medical fields of Oncology, Gastroenterology, Antidiabetic, Cardiovascular, Pain Management, Gynaecology and others. Furthermore, Marksans also inroads into complex and intricate markets dealing with Biotechnology and Neuro-psychiatry.

Manufacturing plants are built as per US FDA guidelines and approved by recognized UK MHRA, Australia TGA and Brazilian ANVISA health authorities and the products are supplied to more than 54 countries. The company has received a certificate of suitability for Metformin Hydrochloride drug substance from the European Directorate for the Quality of Medicines and Healthcare (EDQM).

4. Kitex Garments Ltd

BSE CODE - 521248
PRICE ON 10/04 - 05.04
SECTOR - Textile
BUY RANGE - - 03.00 – 05.00
52W Low/High - 02.91 / 08.48

Kitex Garments Ltd (KGL) is into the business of manufacturing and exporting garments. The company`s product range include shirts, polar fleece, T-shirts, kids wear, night wear, nylon jackets and shorts. The products of the company are exported to countries like the USA, U.K, Italy, Greece, Denmark and Middle East. Some of the customers of the company include Wal-Mart, Russel, Stage II, Hills, Wilson, Dunlop, Sarah Lee and J. C. Penny.

To ensure the quality and timely availability of the major raw material i.e. fabric, the company has been developed a processing plant near the existing factory at a cost of Rs 458 million.

The company have great expansion plans and I realised the south always asked for kitex lungies.. :-), Anna Alluminium is a subsidiary.

5. Birla Cotsyn India Ltd

BSE CODE - 533006
PRICE ON 10/04 - 03.86
SECTOR - Textile
BUY RANGE - - 04.00 – 05.00
52W Low/High - 03.00/17.50

Birla Cotsyn (India) is engaged in cotton ginning, pressing and oil expelling. It was converted into a public limited company with effect from May 30, 2006 and is part of the Yash Birla group.



The company has its units located in Khamgaon, Ghatanji and Dhulia. The textile project at Malkapur has been granted the mega project status by the Maharashtra government and will get fiscal benefits over the next 5 years.

As part of phase II of its expansions plans, the company will manufacture finished cloth with an installed capacity of 50,000 meters per day by setting up a dyeing and processing unit. In addition to the current expansion plans, it plans to start manufacturing its own branded garments in 2009 and has put up around 20 retail outlets across major cities in the country.

Please spend a few minutes to comment on the article as we consider it as a big appreciation whether it is negetive or positive. It will also encourage me to research and find more for you. The following screenshot showing the details of readers in last 7 days and its blatant that I am eager to know, what u think on the article.