BUY PONNI SUGARS ERODE Ltd. in the field of Sugar Business; Stock Trading in BSE & NSE at 59/-. EPS 15/- Book Value 69/- PE just 4 , As per Fourth Quarter EPS 35/- PE just 2 Equity 8Cr Promoters Holding 45% Corporate Bodies 11% Public only 40%.
Good Valuable Buy PONNI SUGARS ERODE Ltd. 10/- Face Value Trading at 59/- with Target of 95/- & 150/- Risk is very very less because company stock was very Valuable because Book value at 69/ and EPS 15/- for 2008-2009 PE 4. Company declared yearly Net profit was 12.26 Crores 2008-09 year. As per this EPS 14.75/-
Fourth Quarter Results was Very Very good NetProfit was 7.6 Crores; As per this Annulised EPS was 39/- PE just 1.5; Sugar Industry PE was 10; if we take PE 10 it will go 150/- to 350/- in future.
At Present Market Situation (Down market) all valuable stocks is going up; No down side; Operators and Big Investors are taking advantage to accumulate Valuable stocks.
Positive Points for this stock for Up moving:
1) Company is in Sugar Industry; company Circle people and Operators are accumulating at current price. Because Company Stock Good Value at 59/- EPS 15/- for 2008-09 PE 4
2) Fourth quarter Annulised EPS was 35/- PE just 1.5
3) In Sugar Industry Stocks Average PE was 10 But this stock trading with PE 4 and 1.5; If you take minimum 10 PE it will go 150/-.
4) Book Value at 69/-
5) 25% Dividend Paying Company
6) Equity very small and 8 Crores Promoters Holding 45%.
7) For this year 2009-10 Expected Net Profit 25 Cr EPS 31/- PE 2.
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