FINANCE & STOCK ADVICE: My View On Mastek

About The Company

The entire IT sector has been disturbed due to amazing disclosure of Satyam scam and this make a suspicious finger on all big and companies engaged in this field.

About the Results

Mastek, for second quarter ended Dec 31^st 2008 clearly shows the pressure of the ongoing global financial crisis. The performance has been affected due to the significant weakening of the British pound sterling relative to the dollar and the rupee, forex losses amounting to Rs 11.7 crore, as well as some headwinds on account of the prevailing economic environment. The positive movement of dollar was not enough to offset the move of pound sterling.

The company had targeted a revenue of Rs 265-270 crore and a net profit of Rs 43-44 crore with the exchange rate prevailing at the beginning of the quarter. As against this, its total revenue was at Rs. Rs 256.2 crore, up 19% on a YoY. Excluding foreign exchange losses, PAT for quarter at Rs 43 crore. But after providing for the forex loss, the PAT has come down to Rs. Rs 31.1 crore, which is still 16% up on a YoY. But on a QoQ, total income represents a 2% decline, EBITDA at Rs 38.1 crore was 19% lower and PAT was down 24%.

During Q2FY2009, Mastek added 4 new customers and its 12-month order book was at Rs.453 crore as on 31 December 2008.

About the Stock

The stock remain a bad investment option and should be avoided at current times.

MULTI BAGGER STOCK GROUP

Some of my group's multi bagger picks during the rally were NMDC , MMTC , STC , Larsen ,Jindal Steel & Power , Unitech , BF Utilities , Jai Corporation , Walchand Nagar Industries, RNRL , Reliance Infra (Reliance Energy) etc.

I had been long associated with a corporate engaged in financial services , where with the assistance of specialized tools along with my special analysis as per some historical accepted theories of stock market like W. D. GANN's Theory , Elliot Wave Theory and others are used with reliable insider information of so called " operators" who play a major role to make a stock ,a Multi Bagger ,I do make my gem picks in this market.

I had been running my group , where the associated people get the reliable and most beneficial to get the unexpected return as seen in the above mentioned tips. Say for example the stock called MMTC had jumped from 2000 level to 56000 per share of historical price where the capital appreciated by 28 times in very short period with 2700% return on capital employed. Likewise in RNRL we started accumulating at RS 25 level from where we saw it moving at 250 level giving 10 times with 900% return.

These sort of return is helpful as ,

1. Handsome gain will make a jack to our capital.

2. Limited stocks trade , as daily trade could be avoided , which is more risky.

3. Long term capital gain , so no tax liability.

4. Whole income in white, which could be further deposited into fixed deposit to get assured monthly income later.

5. Strong income tax file without paying any taxes.

Our role here could be summarized as :

1. Giving tips to all registered member at proper time , when the stock is just about to take off, neither too early not too late.

2. Make sure investor do not gt stuck into it.

3. Recommend to exit when the operator is about to leave it.which is the most important work or else the whole accumulated and deemed profit will be washed away along with part of investment and will remain stuck for long - long period.


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My View On Mastek