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WOCKHARDT | BSE CODE: 532300 | Volume: 4485 | CMP: Rs 1643
Three years ago, Wockhardt had been facing severe pressure on the financial front. But the story has been an astounding one since then. The company has turned around strongly, and now has a strong balance sheet. Also, if we look at the margins, it has been on the higher side at around 32 per cent and is only second to Sun Pharmaceuticals considering the pharmaceutical industry.
At around 28 per cent, the ROCE is also much higher as compared to its other listed peers. The concerns over the balance sheet related with high debt have been addressed through a combination of improving operations (largely in the US), business restructuring and more conservative accounting. The operations in the US are performing well and expected to improve even further.
We feel that the company is all set to take a big leap into the next orbit. One can look at the scrip from a medium-term perspective.
| Last Seven Days Volume Table |
|---|
| (No. of Shares) |
|---|
| Days | BSE Volume |
|---|
| 14/01/12 | 6048 |
| 15/01/12 | 9545 |
| 16/01/12 | 58339 |
| 17/01/12 | 153055 |
| 18/01/12 | 33271 |
| 21/01/12 | 47978 |
| 22/01/12 | 4485 |
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NIIT TECHNOLOGIES | BSE CODE: 532541 | Volume: 55205 | CMP: Rs 265
NIIT Technologies has witnessed a better set of numbers for Q3FY13. On a sequential basis, the consolidated revenues grew by 2.8 per cent to Rs 514 crore. The bottomline for the same period went up by 30 per cent to Rs 56 crore.
The net margins stood at 10.9 per cent up by 227 basis points. If we look at the order intake during the quarter, it stood at USD 83 million as against USD 75 million for Q3FY12. The company has added four new clients to its clientele in the last quarter. The transport vertical – being the highest contributor – contributes 42 per cent to its revenues and has witnessed a growth of 1.8 per cent in its revenues. But the important fact is that it has added one new client and a USD 10 million plus renewal has taken place from existing clients.
The government vertical which contributed eight per cent to its topline this quarter has added another new client with an order intake of more than USD 10 million. One can look at the scrip from a medium-term perspective.
| Last Seven Days Volume Table |
|---|
| (No. of Shares) |
|---|
| Days | BSE Volume |
|---|
| 14/01/12 | 18990 |
| 15/01/12 | 123558 |
| 16/01/12 | 34275 |
| 17/01/12 | 15099 |
| 18/01/12 | 27386 |
| 21/01/12 | 6689 |
| 22/01/12 | 55205 |