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Three Interesting Stocks Mutual Funds Bought In September 2017

Let us analyze three interesting stocks bought by different mutual funds last month. Though there are many stocks which are bought by mutual funds stocks in September, I hand picked below three due to  their future potential. Kindly note that these are not buy recommendations but eye openers for further detailed study.
1. Cyient Ltd
2. Mayur Uniquoters
3. Worth Peripherals

Cyient Ltd

Founded in 1991, Cyient provides engineering, manufacturing, geospatial, network, and operations management services to global industry leaders. Cyient delivers innovative solutions that add value to businesses through the deployment of robust processes and state-of-the-art technology. Their high quality products and services help clients leverage market opportunities and gain the competitive advantage.

In the recent past Cyient has made an announcement of a number of initiatives which have further strengthened the relationship with the UTC businesses and provides Cyient with wider range of product and services. Some of the initiatives are:

  • Acquisition of Certon Software Inc. to strengthen its play in the Avionics part of the Aerospace value chain in February 2017
  • Qualification of Cyient DLM Pvt. Ltd as an approved product supplier to UTC Aerospace Systems in June 2017
  • Announcement to acquire Connecticut, USA based B&F Design Inc. to add a common anchor customer and the tooling and precision engineering capability in September 2017

Who sold it: Carrier International (Mauritius) Limited, a subsidiary of United Technologies corporation, a stakeholder from 2002.

Mayur Uniquoters

Mayur uniquoters is the largest manufacturer of artificial leather/ PVC vinyl, using the ‘Release Paper Transfer Coating Technology’ in India. We have come a long way in the past two decades from a meager production of 0.25 million linear meters per month, to an astonishing 3.05 million linear meters per month, through our 6 state of the art Italian coating lines.

Worth Peripherals

Worth Peripherals Limited is engaged in manufactures and sells of corrugated boxes. It offers regular slotted containers, die cut corrugated boxes/trays, multi-color corrugated boxes and Z sleeve and honeycomb partitions. They have manufacturing units at Pithampur, Dhar and Indore. It has fully automated plant that can have multi colour (up to 6 colours) printing. With growth in the retail, pharma, breweries, textile sectors, opportunity for growth in packaging industries has increased and thus Worth Peripherals aims to tap these markets for further marketing and supply. Indian packaging industry is currently valued at Rs. 85000 crore and is growing at an annual rate of nearly 15 per cent plus.

It came to a big surprise for me that HSBC has bought huge quantity of Worth Peripherals which is a micro cap listed to NSE SME in early September and has a trading history of just two weeks.

Particulars For the year/period ended (in Rs. Lakhs)

31-Mar-17 31-Mar-16 31-Mar-15 31-Mar-14 31-Mar-13
Assets 8124.79 8571.20 6154.24 5449.23 4477.35
Revenue 13214.73 12740.00 10778.41 8423.23 5935.17
PAT 731.65 646.62 601.63 515.04 345.76

Disclosure: I am invested in Worth Peripherals, not in Cyient and Mayur. I am not SEBI registered, do your study before taking investment decisions. Happy investing!!

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