Saturday, November 7, 2009
HIMATSINGKA SEDI
Long Term Investors can consider this stock with price target of 100/- and short target of 60/-. This company has consistent track record of dividend except last 2 years due to losses on account of forex transaction but now things have change and company has come out with excellent results showing good profits. The company has paid up capital of 50 Cr. ad reserves of 505 cr. That is book value of 55/- for current first half it has shown EPS of 1.67 which translates to EPS of 3.5-4/- per share. Further its pertinent to mention that with captive power plant it save huge cost also so going forward it will show EPS of 7/- in FY2010-11 considering these factors Long term view is 100+.
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what is the possibility of the share price going higher above 100 since ambareesh baliga of karvy is aggressively recommending this share
ReplyDeleteMr. Dharmesh Shah
ReplyDeleteA company with consistent track record of 50% dividend for 10 years with 3 bonus issue needs any justification for recommendation. even befor mr.Baliga's recommendation i am recommending from 30/- today its 42/- so if you are long term investor then keep accumulating this stock it will surely give excellent return and i am sure it will cross 100/-
What is inspiring you to say that the huge losses made in last two years would be reversed. It took ten years to earn them and they lost the entire capital in just two years. I sincerely doubt their capacity to come out entirely?
ReplyDeleteignorance by investor is sign of disaster that is in your case what you are telling has no value better first check balance sheet then post your query
ReplyDeleteThe Company made losses due to the unprecedented fall in Dollar thus losing on revenue and also due to its expansion project in Hassan and venturing into Retail showrooms.
ReplyDeleteNow that the project in Hassan has started commercial production, the bottomline is sure to rise further and also the company has taken hedging position on Dollar and thus a Turnaround is expected soon.,
the fall in dollar was not so huge to warrant a loss for two years. regarding the retail and hassan project lets hope something positive turns around.
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