Shree Ganesh Jewellery House Ltd.---

Shree Ganesh Jewellery House Ltd.---Call given on 24Mar2011@ Rs.155 ,, now Rs.275 on 1st June 2011 , Book partial profits .and hold rest . Nearly 75 % up in 2 months . 

TOKYO PLAST INTERNATIONAL - A PENNY STOCK -- BUY

Tokyo Plast International is the manufacturer of “PINNACLE ‘ brand Thermoware products. Company's main products are Thermo Containers,Insulated coolers,Beverages containers..etc. considering the increasing popularity of Pizza Consumption ,recently company introduced  single and double layered Pizza containers .Company having two manufacturing units – one located at Kandla and other at Daman. Company is concentrating in exports and earned an income of Rs.38 Crore (out of total sale of Rs.41 cr ) from exports last year  which is an improvement of almost 50 % from previous year. Its total income tripled in last five years where sales improved from Rs.14 Cr to Rs.41 Cr and bottom line from just Rs.7 lac to Rs.2.33 Cr in the said period. In last one year promoters also hiked their stake marginally. Even if the company’s  products are not strictly comparable with the products manufactured by other  houseware manufactures like TTK prestige , Gandhimathi appliances, Kanchan International ..etc  the trend in demand growth is moving almost in the same line based on the consumption story. Chances are also there for expanding the business into the manufacturing of other related housewares where there is large opportunity is available in a country with a population of 120 Crore . Company is expected to close this full year with an EPS of Rs.3/- . In the past two days its share price appreciated sharply but even thereafter it is currently trading with a P/E multiple of just  4 + on the expected full year EPS of FY 2010-11 . Considering the steady growth of topline  it shows in the past many years and recent efforts to introduce value added new products – which is expected to improve the margins-  Tokyo plast is a suitable low priced scrip for investors with patience . Currently trading both in NSE and BSE at a price around Rs.12./-