Redington limited - a gem which should be a part for all portfolio for long term

Redington is one amongst the top supply chain solution providers worldwide to over 100 leading manufacturers of Information Technology, Telecom, Lifestyle and Consumer Electronics Products. Having a client base with Samsung, HP, Wipro , Xiaomi etc. The company's management includes J Ramachandran, R Srinivasan, Raj Shankar, M Raghunandan, R Jayachandran, Tu Shu Chyuan, N Srinivasan, M Muthukumarasamy, Nainesh Jaisingh, Lin Tai Yang, V S Hariharan, Keith WF Bradley, Suchitra Rajagopalan.

It is listed on the BSE with a BSE Code of 532805, NSE with an NSE Symbol of REDINGTON

Current price - 110/-

Target Price - 450/-

FUNDAMENTALS

Particulars	Mar ' 15	Mar ' 14	Mar ' 13	Mar ' 12	Mar ' 11
Sales	12,021	11,257	10,410	9,840	8,323
Operating profit	302	289	298	290	244
Interest	62	77	84	77	43
Gross profit	289	260	259	244	207

Points to watch 

1. Increase in sales

2. Reduction in  interest expenses

3. Cash flow from operating activities increased impressively. 

4. Good return on equity in the last 5 years

TECHNICAL REASON

Share is consolidating in a range for a long time. so its a time it will rose to a new high. Potentially its a multibagger and one can hold it for long term in their portfolio. 

Company website - https://www.redingtonindia.com/

Disclosure - I am not a research analyst and expressing opinion only as an individual investor in Indian equities. Readers should consult their financial advisers before any investment. 

Adani Port looks good for short term

Today we are looking forward for a short term script which seems to be good for short term gain . Adani port is at its support level which is the strongest support zone for the script. one can buy at current price till Rs 295/-. Short term target for this company is Rs 340/- within one month. Chart of Adani port are as follows;

Also  put a strict stop loss of 280. For short term tips always put a stop loss while trading.

WHATS THE VIEW FOR SUZLON ENERGY

Suzlon is a market leader in India with a global footprint across Asia, Australia, Europe, Africa and North and South America. Over the past two decades, Suzlon has built and consolidated its presence in 19 countries, by crossing 14600 MW of wind power installations globally. Suzlon's global wind installations help in reducing 44 million tons of CO2 emissions every year.

RECENT NEWS

• Suzlon commissions 6.25 MW-wind power project for National Stock Exchange.
• Indian government gives green light to offshore wind development

FUNDAMENTAL

Rs in crore	Jun' 15	Mar' 15	Dec' 14	Sep' 14	Jun' 14
Sales	1,115.97	409.97	289.09	754.01	817.23
Operating profit	67.79	-210.23	-96.44	-69.23	-5.08
Interest	198.32	312.94	269.92	297.68	338.85
Gross profit	11.44	-336.26	-319.09	-318.33	-293
Other income	141.97	186.91	47.27	48.58	50.93
Net profit / loss	-97.38	-111.24	-4959.59	-528.38	-433.13
OPM (%)	6.07	-51.28	-33.36	-9.18	-0.62
GPM (%)	0.91	-56.34	-94.87	-39.66	-33.75
NPM (%)	-7.74	-18.64	-1474.49	-65.83	-49.89

Points to watch

• Company started to generate profit from last quarters
• turn around story - from a huge loss in the past years company had made profit which will be beneficial for the share holders
• Increase in sales and new contacts won by the group

Reason to buy

• Government is encouraging solar and wind power projects and may come up with some good taxation rules for these companies
• Promoters are now Sun Group, so the management part can be an added advantage for the Company

Technical Support

Strong support at Rs 19-18 . One can buy at cmp 21.15 (also suggested to add more on dips) and hold it for long term for a target of 50/75/100.

Disclosure - I am not a research analyst and expressing opinion only as an individual investor in Indian equities. Readers should consult their financial advisers before any investment. 

Is SNOWMAN LOGISTICS a MULTIBAGGER

Snowman logistics incorporated as Snowman Frozen Foods Limited, a public limited company under the Companies Act, 1956 in Kochi, Kerala and were  granted a certificate of incorporation on March 17, 1993 and a certificate of commencement of business on May 31, 1993.

Why to buy Snowman Logistics;

BASIC REASON-

1. India's largest integrated temperature controlled logistic company;
2. Value added services such as kitting, labelling, sorting, stuffing and de-stuffing of containers, repacking and bulk breaking;
3. Pan-India presence with integrated temperature controlled logistics solution;
4. Promoter holdings - 40.26 percent

FUNDAMENTAL REASON - 

Particulars	Sep-14	Dec-14	Mar-15	Jun-15
Revenue	48.27	51.3	53.84	59.2
Operating profit	9.93	11.42	13.97	12.42
Interest	3.42	2.73	2.63	2.45
Gross profit	7.05	10.74	13.32	11.26
Employee expenses	4.31	4.45	3.77	5.04
Net profit / loss	2.29	5.84	14.25	5.53
EPS (Rs)	0.14	0.35	0.86	0.33
OPM (%)	20.57	22.26	25.94	20.98
GPM (%)	14.44	20.13	23.86	18.61
NPM (%)	4.68	10.95	25.53	9.15

Points to watch above

• Interest falling .....good sign for growth
• Increasing revenue
• Employee expenses increased due to increase in scale of operations

Technical behavior --

Strong support at 74-81 Rs.... 

I suggest one can buy this share at current market price of Rs94/- and hold it for long term which can fetch a target of 400 or above...

Suggestion - Buy more on dips as its a wealth creator stock

About the author

The author is a Chartered Accountant and is in the field of stock market for quite long time. Being a CA my readers will get views about different companies which are fundamentally strong. Also with the fundamentals we will focus on their technical part so that in short term also in long term it will be beneficial to the readers.