Stocks
In & out

As we near the end of the first quarter earnings season of the new fiscal, this list will start witnessing changes from the next issue. Six stocks have made their exodus while six new stocks have been added to the list 

 
As we near the first quarter earnings season of the new fiscal, this list will start witnessing changes from the next issue. This time, we saw an exodus of six stocks because they became expensive. Similarly, we saw six stocks make their way into our list. 
 
Kajaria Ceramics, one of our favourites, has been rendered expensive and has dropped off. VST Industries, the so-called ‘vice stock’ which is a great defensive play, found its way back into our list. NCL Industries has reversed its trend from up to down. On the other hand, Zylog Systems, the Chennai-based IT solutions company, saw its trend completely reverse from down to up. Two banking stocks—Bank of Baroda and YES Bank have also witnessed change in trend—from flat to down, underlying weaknesses in the banking sector in general. 

Here is the list of stocks which went in and out of our value pick list:
In: Sterling Tools Ltd, Omnitech Infosolutions, Ratnamani Metals & Tubes, Wyeth, VST Industries, Mahindra & Mahindra Financial Services. 
Out: Asahi Songwon Colors, SRF, Kajaria Ceramics, Andhra Bank, Mindtree, Hindustan Zinc.
 
How To Use the Data: This list is designed to reduce your effort while making a shortlist of value picks. Stocks have been sorted and displayed according to a composite rank of high return on net worth and low valuation. You cannot buy these stocks mechanically. To actually select a stock to buy, you may want to glance at other parameters and apply your own understanding of a sector or a company. Remember, for value investors, there is something called a ‘value trap’. This refers to a situation when an attractive company is reasonably valued but its internals are deteriorating – which is probably why the stock was cheap to start with. One way to avoid this is to consider sales growth; so look at the ones with strong sales growth. Also, keep an eye on the tax payout, which is a measure of corporate governance. The best combination is great financials, low valuation and a rising stock price. One should buy in an uptrend, though a flat trend of a value stock is perfectly fine too. A ‘value’ stock in a strong downtrend is best-avoided. Remember, price could go down due to an adverse event relating to the company or a severe market decline; in either case you don’t want to catch a falling knife. 
 

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Micro Technologies launches new surveillance device

The device, Micro Eye, with web-based applications, allows a registered user to log in and monitor several of their offices from a single location  

 
Mumbai: Security products and solutions provider Micro Technologies launched a new surveillance and detection device which aims to provide citizens a higher level of vigil and security, reports PTI.
 
The device -- Micro Eye -- was launched by former Mayor of Beverly Hills (California, US) Jimmy Delshad at a function in Mumbai.
 
It offers both security and surveillance in one unit with in-built hardware like night vision cameras, digital video recorder, gas and fire sensors, smoke detector and door and remote sensors, the company said.
 
"Mumbai, like other major cities in the world, is truly a melting pot and security is of prime concern of not only the government but also of all people. Micro Eye will go a long way in curbing crimes and promoting safe and secure environment," Delshad said.
 
Micro Eye is designed to meet a variety of security concerns and provide adequate safeguards to people and property, Micro Technologies (India) Ltd Chief Strategic Officer Aditya Sekhar said.
 
The device, with web-based applications, allows a registered user (individual and organisations) to log in with their details and can monitor several of their offices from a single location.
 
It can detect motion and then notify the registered user instantly via SMS or email or both in case of intrusion or any untoward incident such as a gas leak or a fire break-out. 
 

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