Companies & Sectors
No more tobacco or liquor companies on Goa industrial estates

Goa would not allow liquor and tobacco companies will no more be allowed to set up their plants in the industrial estate managed by state-run Industrial Development Corp

 
Panaji: In what can be termed as a positive start for anti-smoking and anti-tobacco campaign, the Goa government has decided not to allow any more tobacco and liquor manufacturing firms in its industrial estates, reports PTI.
 
Chief minister Manohar Parrikar told the state legislative assembly last night that liquor and tobacco companies will no more be allowed to set up their plants in the industrial estate managed by state-run Industrial Development Corp (IDC).
 
Goa has 15-odd industrial estate with three more estates planned in state's rural areas.
 
Parrikar said the ban on any more tobacco and liquor industry is a part of the state government social responsibility initiatives.
 
The chief minister said if there is consensus amongst members of the House, the state government can even move for a moratorium on number of bars (liquor outlets) in the state.
 
He said that there is a bar for every 150 people in the state which is not a good sign.
 
Pointing out to the applications by widows and single women to avail benefit under Dayanand social security scheme, the chief minister said that 30,000 applications indicate that the situation is grave.
 
"There is a huge male mortality due to liquor consumption. The trend is very dangerous," he said.
 

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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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