DELIVERY PICK- COMPACT DISC India Ltd.

COMPACT DISC India Ltd.BSE CODE - 526141 (10/- Face Value) CMP - 104 TARGET 250++.
Buy in small quantity as of now because of the market fluctuations.
The company reported quarterly sales of Rs. 30.11 crores and net profit of Rs. 6.03 crores. On an equity capital of Rs.9.57 crores, the quarterly EPS is Rs. 6.29 (Rs.25.16 annualised). The NPM has been maintained at 20%. The company is into production of animation films, game development and motion pictures. The product range covers all the segments of entertainment i.e. big screen (theatres), small screen (home videos & television) and personal screen (personal computers).
Animation Outsourcing is the buzz of the day... The company has also 1. Considered and approved to issue convertible warrants on preferential / open offer basis to the promoters and select group of companies owned by the promoters. 2. Considered and approved to issue equity shares and convertible warrants on preferential / open offer basis to Samara Capital Partners Fund I Ltd. a Mauritius based fund.The full report on the company i will publish later.... Till then we can buy...