Phoenix Lamps Limited ( Formerly known as Halonix Limited ) has emerged as the largest manufacturer of Automotive Lighting. Capitalizing on technologically superior three state-of-the-art manufacturing plants,company able to successfully cater to the growing needs of our products in the After market, Original Equipment Manufacturer (OEM) market and across the the globe.
The company is sold off the low margin general lighting business for a consideration for Rs 160 crore and out of this proceeds,it reduced its debt from Rs 125 crore to Rs 25 crore.
It is the leader in the auto ancillary lamps space with a market share of 50 percent in the passenger vehicle segment, 70 percent in two-wheelers and 70 percent in the commercial vehicle segment..67.5 percent is held by the P/E fund."
expecting company may post 13 rs eps and 30% div for the year expecting good returns in next 6 months
Thanks Sir. I also wanted to know about DIL Ltd, is it going to go up or should I sell it now or keep it as a long term investment? Thank you
ReplyDeletehold dil its a value play mcap only 175 cr asset value at 1000 cr so hold for some more time
ReplyDeleteaccumulate slowly on phoneix because today management stock is selling in open market so take care and strict stoploss for the stock 100
ReplyDeleteno need to worry even in igarshi moter same thing happend so nothing to worry accumulate on every 10 % fall i dont think it may come below 100 if resultes are negivtve then only thinking of selling
ReplyDeleteSir, it trading below 100. can we sell existing or accumulate?
ReplyDeletei think exit when mang selling who will hold stock even with good fundamentals
ReplyDelete