Hi All,
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
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
09974747485
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
09974747485
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.
