Script: Jaypee Infra
CMP: 89.75
Jaypee Infra could be a nice bet for any long term investor. The stock is trading currently at 89.75 versus an issue price of Rs 102. The company went public in May this year. The company has undertaken the Yamuna expressway construction and is scheduled to complete the same by Jan 2011 well ahead of the 2013 deadline.
The 165 k.m. long 6 lane expressway will connect Noida and Agra and the compnay is entitled to collect tolls on the expressway for the next 36 years.
The company has been provided with the right to develop 25 million square metres of land along the expressway.
Of the developable 530 million sq ft area 310 million or about 58% is in the NCR.
The cost of the project is expected to be upwards of INR 65 billion.
Disclaimer: This article is based on secondary research. The report is for information only. None of the stock information, data and company information presented herein constitutes a recommendation or solicitation of any offer to buy or sell any securities. Investors must do their own research and due diligence before acting on any security.
Thursday, October 28, 2010
Thursday, July 29, 2010
Mercator lines
CMP: 45.9
Recommendation: Buy
Hi, have been a bit busy lately so am writing this blog after a really long time ..... Although was not out of the market..... Traded in stocks like Venky's and Idea which have had a terrific run in the past few days.
One stock which people could have in their long term portfolio is Mercator lines. The stock is currently trading at Rs 45.9 and the stock is close to its 52 week low of Rs 42.45. The P/B of the stock is 0.98 and the PE is at an extremely high at 170.
The reserves are at a rock solid 1070 cr. Gearing ratio is at 1.29 which is good for shipping industry.
The company has 60% of the business coming from long term contracts and is eyeing some more with the Indian power industries.
F11 EPS could be any where between 12-13 hence a 5*EPS would keep the stock priced at Rs 60-65.
The Q1 results are getting announced tomorrow, however, one needs to be invested over a larger horizon.
Can turn out to be a multi bagger.
Disclaimer: All recommendations are based on my analysis and people are advised to use their discretion before investing
Recommendation: Buy
Hi, have been a bit busy lately so am writing this blog after a really long time ..... Although was not out of the market..... Traded in stocks like Venky's and Idea which have had a terrific run in the past few days.
One stock which people could have in their long term portfolio is Mercator lines. The stock is currently trading at Rs 45.9 and the stock is close to its 52 week low of Rs 42.45. The P/B of the stock is 0.98 and the PE is at an extremely high at 170.
The reserves are at a rock solid 1070 cr. Gearing ratio is at 1.29 which is good for shipping industry.
The company has 60% of the business coming from long term contracts and is eyeing some more with the Indian power industries.
F11 EPS could be any where between 12-13 hence a 5*EPS would keep the stock priced at Rs 60-65.
The Q1 results are getting announced tomorrow, however, one needs to be invested over a larger horizon.
Can turn out to be a multi bagger.
Disclaimer: All recommendations are based on my analysis and people are advised to use their discretion before investing
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