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Monday, August 9, 2010

SOKHI PICK of the WEEK : Surana Corporation Ltd 531102 CMP 105

Surana Corporation Ltd 531102 (BUY) 104-107 (Targets) 111 / 115 / 118+ (SL) 99

During FY11, SCL is likely to post an EPS of Rs.35, which will further go up to Rs.40 + in FY12. At the CMP of Rs.106, the share is trading at a forward P/E of 3 and 2.6 on FY11 & FY12 earnings respectively. Applying a reasonable P/E of 4 will take its share price to Rs.140 in the next 3-6 months

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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.