Business assets is always considered as short term capital asset irrespective of the period of holding of that asset prior to the transfer .thus there is no question of claiming exemption in respect of long term capital asset, unless to say that the factory premises were shifted from urban area to backward area. This is not your case because you are nit shifting the factory from urban area to backward area. in fact you are proposing to rent out after shifting. Thus you will not be able to claim exemption/s 54G of the income tax act, 1961. Assuming that the old factory premises were shown as a block of assets and depreciation was claimed thereon , when the new factory premises are purchased the cost of acquisition thereof can be included in the block and make block positive.
INFO AGE INDIA
Info age is India’s premier online classifieds company in requirements matrimony real estate and education.
On the financial front the company had witnessed mixed result for Q2FY14. The top line of the company grew by 15.56 percent on YoY basis to 123 crore for quarter2 14 as against rs 106 crore posted during Q2fy13 .But the bottom line had remained flat declining by more than 0.15 per cent to stand rs33.27 crore. This is mainly due to higher tax out go of rs 15.54 crore during the quarter witness sing a jump of 26.65 per cent on YoY basis.
On the valuation front the stock discount its trailing twelve month earnings by 56.47x and the company is also consistent dividend player for the last eight years. The valuation may look to be more but it is cheaper than that of just Dial. At present we suggested you to hold the stock for longer term to garner better returns.
VST TILLERS TRACTORS:
VST Trillers Tractors is engaged in the business of manufacturing of power trillers and diesel engines. The company’s predict are power trillers , tractors. The company operates in only one business segment viz. manufacturing and trading of agriculture machinery.
The Company had witnessed better results for the quarter ended Q2FY14 .The topline of the company gained by 71.21 per cent on YoY basis to stand at rs 152.12 crore for !2FY14 as against rs88.85 crore reported during q2fy13.
The EBITDA margins for the period improved by 633 basis point on yoy basis to stand at 17.82 per cent. The bottom-line of the company grew by 175 per cent on yoy basis to stand at rs. 18.08 crore for Q2FY14.
The outlook given by the management is positive as it expects as the tractor sales is likely to double by FY 15 to 12000 units from 6233 units reported during FY 13. The company is trading at a PE of 9.54X. We suggest that you hold the stock for long term to garner better returns.
BLISS GVS PHARNMA.
Bliss GVS pharma is small –cap pharmaceutical company. It is mainly engaged in manufacturing of female contraceptives. Suppository and pessaries dosage forms. It has one of the largest portfolios in this category. The compnay exports its products in 60 centuries globally.
On the financial front the numbers posted by the compnay have remained muted for Q2FY14.The total incom for Q2FY14 witnessed a decline of 5.24 per cent on yoy basisi to stand at 99.38 arore as against rs 104.87 crore reported during the same quarter last year. The bottom line to declined by 4.70 per cent on yoy basis to stand at rs 23.53 crore as against rs 24.69 crore reported during Q2Fy13.
The decline in the bottom line can be attributed to higher employee and interested cost which went higher by 49 per cent and 69 per cent respectively on yoy basis. The show on the EBITDA front is also not encouraging as the margins declined by 646 basis point on yoy basis for Q2fy14.But there are some positive factors too.
WOCKHARD:
Wockhardt is one of the leading pharmaceutical companies in India. Its activities encompass pharmaceutical formulations, biopharmaceutical bulk and formulations.
The has been a facing trouble in developed markets since early 2013, whenits Waluj facility first came under the USFDA scanner, following manufacturing violations. Since then many other of its domestic facilities have faced enforcement in the US and Europe.
Let us look at the financial performance of the company. The top line witnessed decline of 11 per cent on yoy basis for q2fy14 to stand at 1197 rore as as against rs 1347 crore reported in the same quarter last year. The bottom line declined by 69 percent on yoy basis to stand at rs 138.50 crore for q2fy14 as against rs 452.64 crore for q2fy13.
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