SKM EGG PRODUCTS EXPORTS (INDIA) : Will it be the next Multi Bagger
Multi Bagger - SKM EGG PRODUCTS EXPORTS (INDIA) : Will it be the next Multi Bagger in Equity / Stocks - CMP : 80 SKM Egg Products Export (India) is a buzz in the market today. (NSE: SKMEGGPROD | ISIN: INE411D01015 ...
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SKM EGG PRODUCTS EXPORTS (INDIA) : Will it be the next Multi Bagger

  1. SKM EGG PRODUCTS EXPORTS (INDIA) : Will it be the next Multi Bagger

    CMP: 80


    SKM Egg Products Export (India) is a buzz in the market today.

    (NSE: SKMEGGPROD | ISIN: INE411D01015 | SECTOR: FOOD PROCESSING)

    Every one is talking about it and have a view that it will become the next multi bagger. What is the buzz about the stock ? Does it have the potential ? Can anyone say anything about the stock ??

    SKM Egg Products Export (India) Limited has submitted to the exchange the standalone financial results for the period ended 30-Sep-2014. Financial result can be seen in.......t.in.com/aMdv

    Have a Good Day...

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  2. SKM Egg runs at a debt of 60 Crores ... Company turned profitable in the last 2 years ... now seeing massive upside in profits in recent quarters ...

    Concerns are stock price has jumped rapidly from 6 Rs to 81 Rs in the last 12 months .... I hope this is not a price manipulated stock ...

    Having said that, recent jump in profits are massive ... Invest very little amounts only and maybe hold for 2 years to see if this can give multi bagger returns ....

  3. Below are some key points from their annual report (http://www.skmegg.com/admin/upload/2...42012-2013.pdf)

    OUTLOOK OF THE INDUSTRY :

    the company has evolved strategies in such a way to increase the selling price levels and volume with the existing buyers. Egg albumen price has increased by US $ 2.0/kg is a good sign. Developed new products with additives in the egg liquid enhancing the shelf life , thereby we can export these egg liquids to other Asian countries. We have captured long term contract with two countries for the enhanced shelf life product of egg liquid with additives. Also, in the process of developing new products using egg powders. Ready to use egg blends [bakery mix] for both the export and domestic market for bakery applications. Egg blends like Scrambled eggs and Omlette mix planned for the noon meal scheme in the State Government.

    • Indian government subsidy helps us a lot to export more sales volume.
    • Egg albumen powder is now eligible for additional subsidy and subsidy entitlement for egg liquid is an encouraging
    symptom.

  4. Thanks Sir, for the analysis and feedback.

    Keep us updated if you get any clue that this can give multi bagger returns ....

  5. Quote Originally Posted by skdc14 View Post
    Thanks Sir, for the analysis and feedback.

    Keep us updated if you get any clue that this can give multi bagger returns ....
    Start with very little amount say 5000 (60 shares) ... As story develops, you can look to invest more ... May give some dips also, as stock has risen rapidly ....

  6. It is in the UC for the last few days....has already touched 93.90.....

  7. Quote Originally Posted by skdc14 View Post
    It is in the UC for the last few days....has already touched 93.90.....
    And no one has been able to buy it ... which makes it of no use for a investor who wants to get in ... And the same will be true when it hits LC ... that's always a challenge with such penny caps

  8. Dear rmani84 I entered at 93 and as date I have already in 63% profit. Shall I book profit or continue ... Shall I add more now. I think there will be more upside in future.

  9. Quote Originally Posted by skdc14 View Post
    Dear rmani84 I entered at 93 and as date I have already in 63% profit. Shall I book profit or continue ... Shall I add more now. I think there will be more upside in future.
    Fresh entry, probably not ... hold for 5 more months and then exit ... after 5 months, start systematic investment in Gold ETF







  10. Quote Originally Posted by rmani84 View Post
    Fresh entry, probably not ... hold for 5 more months and then exit ... after 5 months, start systematic investment in Gold ETF
    Dear rmani84 thanks for the feedback... What is Gold ETF... can you kindly elaborate a bit Sir..

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