Share Trading Tips

About the company

The company has been in lime light in its working field and as well as in the capital market.
The stock has been highly fancied among the investors and traders and had been highly volatile after the Nuclear deal finalization.

About The Results

Rolta India posted its financial results for the third quarter ending March 09, wherein, Rs.84.01 crores, being forex losses on FCCB of $ 150 million, provided during July 08 to December 08 quarter has been reversed. Forex losses, upto June 08, have been adjusted against opening revenue reserve. As this loss will get capitalized in case it is used for fixed assets or would get amortized over a period, other expenses for the quarter rose by Rs.11.87 crores, due to this. So net addition to the bottomline for the quarter is at Rs.72.14 crores.

For quarter, total income is placed at Rs.244.68 crores, which is almost equal to its preceding two quarters. Total income for 9 months ending March 09, is at Rs.721 crores. Profit before exceptional item and tax for quarter is at Rs.85.58 crores while it is at Rs.294 crores for 9 months ending March 09. However, if we add profit before exceptional items and tax for three quarters at Rs.95.58 crores for Sept 08 quarter, Rs.93.17 crores for Dec. 08 quarter and Rs.85.58 crores for March 09 quarter, it comes to Rs.274.33 crores while for nine months, it is shown at Rs.294.08 crores by the company.

About The Stock

EPS for March 09 quarter is at Rs.9.90 while it is at Rs.16.50 for nine months ending March 09. Hence on expected EPS of Rs.22 for the year, share at Rs.100 is fully priced.

Traders could work upon this counter on basis of high fluctuation in prices in short period.