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I would like to invite member's opinion on Bartronics India Ltd.
This is a company manufacturing RFID card and has a good presence in the ADIC field. It is growing inorganically. Recently bought two companies in the US and looking to acquire one in the EU.
icicidirect.com has a good review on Bartronics including detailed analysis of its business. It is the only such company in India. Its growth both sales and EPS are impressive. It is involved in bar coding, smart cards, SIM cards etc. I had bought it at 130 and still hold it. I think 180 is very reasonable price to buy more. The recent profit has grown by around 200%, if I remember rightly.
Has anyone compared it with its peers? We need to look at the growth of the market this company is targetting. Cant predict how the demand for the bar codes and other things its engaged in, will be.
I have bought 300 shares @ 179.2/sh. For last many days the stock has been consolidating at 174-182/Sh and i think it is ready for a breakout may be for a short term target (next 15 days) of 194-205/sh.
I think it can be bought once it gives a close of 182.9/sh + for a max target of 220 (short term).
You are right i exited early from Ispat. Nevertheless i still earned around 2300/- through trading.
I got a tip from somewhere and then followed it for another 15 t-days before buying it. I have taken this shares (Bartronics) for a very short term and i feel it will at least touch 200 intra day before moving down again. I plan to exit once i get a price of 188 intra- day.
Yes it is making a rounding top pattern. But i feel as long as sensex keeps strong this share will also be able to sustain present level.
I plan to hold it with a stop loss of 168 for a target of 189. This is purely for trading purpose.
Thanks for your advice. I will lighten a bit by selling 100 shares tomorrow at 182 or so. Remaining i will hold as per my plan.
I have sold 200 shares of bartronics at 182.3 today. Now i have only 100 shares left which i will sell at around 184-190 levels if it rallies anytime in future.
I will wait for another 7 -8 days for any upside. I have bought it at 179.7/Sh.
you r almost there (target of 50) Man,will u stick to that target,has it really in the rounding top format (confirmed or not) please give me an update.
regards
ram
Last edited by ramkasi : 15th October 2008 at 08:22 PM.
- Well In amibroker it doesn't feels like rounding Top, but this pattern always have element of doubt!
- Volume is not forming a rounding pattern and is pretty flat, so unlucky in this case that pattern is not there.
It is on important support, if it breaks that then you will see the target!
Note: Price has already completed 78% of correction from 45.68
Alchemist does it have potential for outperforming markets.
The company seems to be doing well.
The Q2 (FY 2009) results have been good.
RS 20.4 crore profit on consolidated bases and Rs 14.3 crore profit on standalone basis.
Along with an economic slowdown, Bartronics' growth may also slowdown in future. However, the stock price is already discounting the slowdown to a great extent.
Bartonics has a market capitalization of only Rs 170 crore and seems attractive at current price (Rs 88).
Problem or no problem....most stocks go down in a bear market.
There is nothing that anyone can do about it.
I don't think there is any company-specific problem for Bartronics.
The company will have a standalone eps of around Rs 20 for FY 2009 and looks like a good buy at CMP (Rs 80).
Alchemist, stock is down to Rs 60. Is this justified solely on the basis of a bear market or does the market know something we don't? Fall is also on top of higher than average volumes.
I have some stock of this company. Am willing to hold for 2-3 years unless there are some fundamental issues. What worries me is the debt that they have picked up.
Alchemist, stock is down to Rs 60. Is this justified solely on the basis of a bear market or does the market know something we don't? Fall is also on top of higher than average volumes.
I have some stock of this company. Am willing to hold for 2-3 years unless there are some fundamental issues. What worries me is the debt that they have picked up.
I made a entry today ! I think company has bright prospect and I was not able to find there competitors in domestic market!
I made a entry today ! I think company has bright prospect and I was not able to find there competitors in domestic market!
At this price downside risk is limited now!
at wat price you made it today?
I think last was 58... got chance to get it?
wat are the fundamentals for the company that made you to enter?
It is still in bearish with flow. Not stopping anywhere.
blowup in bartronics with over a million shares traded.
any NEWS on it?
Bartronics got an order from Municipal Corporation of Delhi.
Quote:
Bartronics India Limited has informed the Exchange that: "Bartronics India Limited has bagged the prestigious project "AapKe Dwar" project from the Municipal Corporation of Delhi. The project envisages setting up and running 2000 G2C kiosks in Delhi. The project is on a Build-Operate-Transfer Model for a period of nine years. The company expects a minimum revenue of Rs. 5000 crores over the project period."
the promoter shareholding is down because of a preferential allotment, ESOP's and FCCB conversion to shares.
the promoter group held 85.7 lac shares in Mar 2006.
the promoter group holding has gone up to 96.1 lac shares in December 2008.
Even if we remove the 12.4 lac shares held by financial institutions and banks, the promoter group holding is 83.8 lac shares...which is almost equal to the holding in March 2006.
Bartronics India
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