Reviews

WHITE ORGANIC AGRO

Ticker : 513713 FV:  Rs 10
52-Week H/L: Rs 138.50/45.10 

We had recommended White Organic Agro in Volume No 34, Issue No 20 (dated Mar 05, 2018), when the scrip was trading at Rs 114. Our recommendation was backed by factors such as robust financial performance during 9MFY18 and strong expansion plans. Recently, the company bagged additional order of aloe vera pulp for additional 300 tonnes from Patanjali Ayurveda. With successful completion of this order, Patanjali Ayurveda plans to undergo for a long-term contract for total buyout of the production of aloe vera with the company. This order and the contract will add value and would boost the topline of the company in the upcoming quarters. Also, the company has tie-up with 530 farmers across Gujarat to increase its organic farm land. Thus, we urge investors to HOLD the scrip 

COAL INDIA

Ticker: 533278 FV: Rs 10
52-Week H/L: Rs 316.55/234 

We had recommended Coal India in Volume No 34, Issue No 18 (dated Feb 19, 2018), when the scrip was trading at Rs 114. Our recommendation was backed by factors like rising demand from non-power sector and focus on achieving target of Coal Vision 2030. Recently, the company has decided to extract methane gas from all the new mines that are holding substantial volumes of the gas and sell it commercially. With this, the company will earn additional revenue which will also boost its bottomline in the upcoming quarters. Also, as part of its diversification plan, the company is planning to generate 20,000 MW in the next 10 years to boost the renewable energy through solar. For the short term, investors can reduce exposure to the stock and HOLD the balance investment for long term.