GLOBUS SPIRITS
Delhi-based liquor manufacturer Globus Spirits hit the capital market in late 2009 to raise funds to expand capacities and tap the nationwide market with its own liquor brands. The company has utilized the entire proceeds of 75 crore for its expansion plans. Its consolidated revenue grew in double digits and profit doubled in the nine months ended December 2010. Given its growth momentum and expansion in margins, investors can hold the stock.
JINDAL COTEX
The company has diversified from producing polyester, polyester viscose, polyester cotton and acrylic into medical and specialty textiles. It has shown robust growth in its quarterly revenue and profits backed by higher margins since its listing in September 2009. The company plans to add 50,000 spindles to the existing capacity of 25,000 spindles. The company is well poised to take advantage of the demand pick up in the textile sector, but its current stock price fully reflects its future growth.
J KUMAR INFRA PROJECTS
The company's net profit grew 8%, while top line rose 24% for the quarter ended December 2010. It reported a slow down in order inflows in the past two quarters besides contraction in operating margin owing to high commodity prices. With the expectation of a further increase in input costs and delay in order flows, earnings can be impacted in the coming quarters. Investors are advised to avoid any exposure to the stock in the medium to long term.
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