The company has declared its 1st Quarter results for 2008-2009. Net profit at 2.724 Crores. 2ndQuarter results Net profit was 2.98 Crores; Total Netprofit expecting for this year 2008-09 at 13 Crores. So Earning Per Share (EPS) at Rs 12/- for 2008 -2009 year. Expansion profits will coming to Next Quarters.
Daily Grabbing with Operators and Mumbai Bulls at current rate because stock was very valuable at 15/- because book value 53/- EPS 12/- and dividend paying company.
Total Equity of 11 Crores . Promoters Holding 37.54%; Private Corporate Bodies 8%; NRI’s 2.5%; Public 52%.
Book Value of this Share was Rs. 53/-. Total Assets of this company was 59 Crores. As per current rate 15/- calculate total shares value only 15 crores but total assets value was 59 Crores. Any one takeover anytime.
Based on Current year EPS 12/- PE 1; Minimum PE will calculate 5 its come around 60/- Present Market situation Share valuable at 35/- minimum.
Just Buy at 15/- Hold 1 to 6 months time. You will get minimum 100% to 200% returns. Enter current price at 15/-Target 25/- & 35/- .
Positive Points for this stock for Up moving:
1) Company doing very good with EPS 12/- PE only 1; Available very cheep at 15/-
2) Company Expanding Results will share Next Quarters. So Net Profit will Increase.
3) Value was 53/-
4) Company is in good field Pharma, Bio-pharma and Biotech manufacturing with customized ITsolutions and contract research. In this field PE minimum 10; Now PE only 1. EPS 12/-.
5) Good Dividend paying company. For 2007 -08 year 10% dividend given.
Enter current price at 15/- Short term Target 25/- & Medium Term Target 35/-
Strong Fundamentals & Valuable Stock at current Price.
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