| Why are these smallcaps buzzing? |
| 2006-11-06 15:04 Source :
Moneycontrol.com |
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Smallcaps are on a
roll - Balaji Telefilms is up over 18% on substantial volumes. Spel
Semiconductor is also up 9.5% and the volumes are at 3.7 lakh shares.
CNBC-TV18 gives a perspective on the stocks. |
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Spel Semiconductor is
the largest IC Assembly & test subcontractor in India and is 100% export
oriented. It reported a profit of Rs 5.8 crore and a cash profit of Rs
70-75 lakh/month. |
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It has an investment
budget of USD 286 million spread over five years and has also increased
its plant capacity to 330 m units. It has plans of overseas listing
after two-three years and a Special Economic Zone. Their growth plan
includes five new packages, with the expansion of three existing
packages. |
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Another smallcap,
Balaji Tele has gained more than 5% in today's trade, and its volumes
too are more than 20 times its 10-day average. |
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If one looks at the company's Q2FY07
numbers, YoY, its net sales was up 16% at Rs 81.5 crore versus Rs 70
crore. Its net profit was seen at Rs 19 crore versus Rs 17 crore. OPM
was at 36% versus 40%. The company's FY07 EPS is seen at Rs 10. Also,
its P/E is of 16x FY07E EPS and 13x FY08E EPS. |
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The company's
realization per hour from commissioned programming is up 14% to Rs 25
lakh. It has maintained production of 297.5 hours of commissioned
programmes. It has also invested Rs 25 crore in production and
post-production equipments and studios. |
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The company's revenues
from commissioned programming up 26% at Rs 76.5 crore. In fact,
commissioned programming contributed 93.9% to revenues, while sponsored
programming contributed 6.1%. |
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Balaji Telefilms has recently started
Dubai office to produce serials for Geo TV and Ary Gold. |
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