PWIL remains a market leader in its segment having an excellent payout policy except for 2008-09, which was primarily due to recessionary conditions.
At its current market price of Rs.100, the PWIL share is discounted less than 6 times its 2009-10 EPS of Rs.18.76. Further, the share is quoting less than its book value of around Rs.122. The company has also hiked the dividend from 8% to 44% for 2009-10 which indicates the confidence of the management in its future growth prospects.
In view of its impressive performance, high payout, the attractive price makes the share of PWIL an attractive bet at current prices. The share is wired for growth in the days to come. Buy for a TARGET 150 + in few months.
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Monday, May 24, 2010
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All the advises,calls,tips and predictions are neither an offer nor a solicitation to purchase or sell securities.The information and views given by writer is believed to be reliable but no responsibility (liability) is accepted for error of facts and opinion.Writer may be trading in or having positions in stock markets.
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