Hi All,
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Get dynamic researches, reports, tips, calls (including Intraday, F & O, Weekly, BTST etc) from India's Pioneer Market Research Group. For more information, kindly contact on 09974747485. or you can also log on to www.GurukrupaCapital.com
Fundamental View:
Posted 13th August 2008 at 04:32 PM by malavbhatt
Pratibha Industries
Analyst:
Gurukrupa Capital
+91-79-9974747485
www.GurukrupaCapital.com
HOLD
CMP (INR): 230 (as on August 13, 2008)
Price Target (INR): Rs. 268
Stop Loss: 202.15
Time Frame: Next 8 to 10 Months:
Shareholding as on 31.03.08 (%)
Foreign 18.59
Govt. / Financial Institutions 10.54
Corporate Bodies (not covered above) 3.57
Directors and their Relatives 60.15
Other including Indian Public 7.15
Investment Grounds:
- Amalgamation to dilute Core business Earnings, depress Valuations.
- Strong Order Book ensures Earnings visibility.
- Backward Integration to Pipe manufacturing to achieve higher Margins.
- Amalgamation to make PIL a larger Pipe Player.
- Strong Order Book to ensure Revenue visibility.
- Share from Urban Infrastructure projects to grow.
- Backward Integration to Pipe manufacturing to achieve higher Margins.
- The total demand for pipes in India is expected to be around US $9bn.
Price Target:
Gurukrupa Capital believes that the target price for Pratibha Industries
is a range between Rs 268-278 in next 08-10 months. Looking at the current scenario, we recommend BUYING this stock with the stop loss of 202.15.
Analyst:
Gurukrupa Capital
+91-79-9974747485
www.GurukrupaCapital.com
HOLD
CMP (INR): 230 (as on August 13, 2008)
Price Target (INR): Rs. 268
Stop Loss: 202.15
Time Frame: Next 8 to 10 Months:
Shareholding as on 31.03.08 (%)
Foreign 18.59
Govt. / Financial Institutions 10.54
Corporate Bodies (not covered above) 3.57
Directors and their Relatives 60.15
Other including Indian Public 7.15
Investment Grounds:
- Amalgamation to dilute Core business Earnings, depress Valuations.
- Strong Order Book ensures Earnings visibility.
- Backward Integration to Pipe manufacturing to achieve higher Margins.
- Amalgamation to make PIL a larger Pipe Player.
- Strong Order Book to ensure Revenue visibility.
- Share from Urban Infrastructure projects to grow.
- Backward Integration to Pipe manufacturing to achieve higher Margins.
- The total demand for pipes in India is expected to be around US $9bn.
Price Target:
Gurukrupa Capital believes that the target price for Pratibha Industries
is a range between Rs 268-278 in next 08-10 months. Looking at the current scenario, we recommend BUYING this stock with the stop loss of 202.15.
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