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Monday, January 31, 2011

SOKHI PICK OF THE WEEK : Shreyas Shipping & Logistics Ltd 520151 CMP 38


Shreyas Shipping & Logistics Ltd 520151 BUY 37-39 SL 32 TARGETS 42 / 45 / 47+++

For the first nine months of FY11, it recorded net sales of Rs.91.23 crore with net profit of Rs.8.65 crore against net sales of Rs.75.19 crore with net loss of Rs.16.65 crore in the corresponding period last year. Thequarterly EPS was Rs.1.28 while the nine monthly EPS is Rs.3.34. At the current level, the stock is available at a forward P/E multiple of just 8.3. The company has declared 5% interim dividend for FY11

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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.