Company Watch #4

Patel Airtemp
+point
low PE
-point
but in the business of Manufacturing Air conditioning. highly competitive industry with a lot of players

HDIL
moderate PE = 8

Orbit Corp
moderate PE = 8

Both HDIL and Orbit Corp are infrastructure / construction companies. I'd like to look at them when they become cheaper in the coming 2 quarters.

Jindal Saw
+points
low PE, into the business of manufacturing steel pipes.
Low Debt/Equity ratio (0.52)
set a price alert at 400 (PE=2.5)

Kavveri Telecom ( CMP: 120)
Into the business of manufacturing telecom equipment.
Low Pe : 6.34
Debt/Equity = 0.45
Negligible FII/MF holdings (Why)
set a price alert at 80 (PE=4)

SPEL Semiconductor (CMP = 23)
High YoY growth, but a high PE (12)
Into the business of semiconductor testing / outsouorcing.
I do not have much knowledge of this industry, but I feel that Chinese / Japanese would be better than India in terms of technology and technical knowledge.
I'll look at this company when I have time. Set and Alert at 16.

At present, Eastern silk looks attractive for me. Since I did not have a large amount of funds, the present round of investment has gone into accumulating Eastern Silk. I'd I would also like to add Compact Disc in case the price falls back to 55 - 60 levels. Kavveri Telecom and Jindal Saw are on my radar at present and I would analyse them in more detail in the next round of investment. Both companies look good, but I would like to buy them at a cheaper valuation. As Warren Buffet says - "It's far better to buy a wonderful company at a fair price than a fair company at a wonderful price."