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Hot Chips - Stock Recommendations For Your Portfolio

| 9/6/2012 9:00 PM Thursday

DSIJ selects 2 aggressive stocks picks in every issue, with a 7-15 day horizon based upon the bullish trend during that period. For this issue, we are recommending companies from the Agriculture and Power sectors.

MCLEOD RUSSEL INDIA
BSE CODE: 532654 | Volume: 8811 | CMP: Rs 322



With a production capacity of more than 100 million kg, Mcleod Russel India is well poised to capitalise on the growing demand for Indian black tea in the global markets. The company is the world’s largest tea producer, with a total area of 38758 hectares under tea cultivation. The rising demand-supply gap of tea due to a production shortfall in the key tea exporting countries has created a favourable scenario for the domestic tea producers. It is expected that the average realisations of the company are likely to witness a growth of Rs 12-15 per kg.

Last Seven Days’ Volume Table ((No. of Shares)

Days

Volume

27-Aug-12

17127

28-Aug-12

23913

29-Aug-12

58186

30-Aug-12

81110

31-Aug-12

61768

3-Sep-12

28571

4-Sep-12

8811

The increase in the realisations will help the margins to improve by around 130-135 basis points ahead in the year. With expectations of a strong cumulative operating cash inflow, it is expected to improve the dividend payout or build a war chest for potential inorganic initiatives in the future. One can look at the scrip from a medium-term perspective.

 

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