Stock Watch - Nitin Fire Protection

Nitin Fire Protection Industries Ltd. is a leading fire protection, a safety, securities and Intelligent Building Management system, High Pressure Seamless Cylinder and Refuelling systems company in India. Nitin Fire operates in two business segments — fire protection, safety and security systems, and high-pressure seamless cylinders.

In the fire protection business segment, it is an end-to-end solutions provider with capabilities in manufacturing, designing, commissioning and maintenance.Further, its client base, which consists of companies such as ONGC, Reliance Industries, Credit Suisse and Nokia, also lends more visibility to the segment's earnings.

NFPIL's competitor Everest Kanto Cylinder - EKC continues to hold more than 75% market share in the Indian CNG cylinder market and about 10% globally.
Nitin Fire continues to ramp up its cylinder manufacturing operations at the Vizag SEZ. Expects capacity at the plant to double to 500,000/year by 1QFY2010E and foresee utilization levels improving from about 51% in FY2009E to about 60% in FY2011E. Lower steel prices will also benefit Nitin Fire.

Nitin Fire is expected to report an EPS of Rs 27 and Rs 32 for FY09 and FY10 respectively. Investors with long term view and risk appetite for small caps can BUY the stock which can give good returns from current levels.

NSE Trading Holidays 2024

Trading holidays for the calendar year 2024. The National Stock Exchange of India (NSE) has notified trading holidays for the calendar year 2024 as below: Muhurat Trading: Timings of Muhurat Trading shall be notified subsequently.

Historical BSE Sensex returns - updated 2013

We have already seen the historical returns of the BSE Sensex, which indicated an average return of about 20% per year, despite many yearly returns varying from -20% to +60%. The following table shows BSE Sensex historical data - open, close and the yearly returns of the sensex from 2000 to 2012. There are some interesting points to note from the above table. Post 2008 crash of about 50% and 2011 negative returns of 24%, markets have given positive returns of 81% and 25%. Also the average returns for the past years is about 20% despite the markets being down 24%. The lesson is pretty much clear - long term investing pays and one need not bother too much about the ups and downs of the markets. During the past few years, the returns from investing in individual stocks have been varied. Despite markets being at 2 year highs, only a few stocks are at similar highs, while most of them are still languishing well below their historical highs and are down anywhere between 8

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