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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
Gurukrupa Capital
Posted 4th September 2008 at 10:42 AM by malavbhatt
Analyst:
Gurukrupa Capital
E-mail: contact@gurukrupacapital.com
Contact: 09974747485
www.GurukrupaCapital.com
Stock Info:
Company Name: HEG
Sector: Electrodes - Graphites
Market Cap (Rs cr): 1079.14
Beta: 115.34
52 Week High / Low: 690 / 177
Face Value (Rs): 10.00
P/E: 7.19
Shareholding as on (as on March 31, 2008) (in %)
Promoters: 51.44
Institutions: 11.55
Public & Others: 14.14
Foreign: 15.61
Corporate Bodies: 7.25
Indicator: BUY
CMP (INR): 240
Price Target (INR): 398.50
Stop Loss: 180.23
Time Frame: Next 12 to 14 Months
Investment Grounds:
- Heg Ltd had informed the Exchange regarding the approval by the Board of Directors for Buyback of Equity Shares of the Company at their meeting held on August 19, 2008.
- HEG Board approves buy back of Equity Shares upto a price of Rs. 350 per share.
- Economical factor seems very favorable for rise in share price in very short terms also. If so, investors will have to wait for time correction in future.
- Share price of this company has become a center of attraction for FII’s DII’s.
- Also factor in the effect of Reliance gas starting supply in second half of the current financial year the energy picture of the country in a drastic manner.
- The company has posted a net profit of Rs.143 crores and a eps of Rs.35 for the year 2008.
- Company tries to expand its capacities to 80000 tonnes and the expansion will be completed in last quarter of 2009.
- This expansion may result into heavy profits in next upcoming quarter.
Some Risk Factors:
- This stock shows its pattern with the effect of Crude Oil.
- It has shown its strength in previous calendar year. So there are least chances of rising share price rapidly. Investors shall have to wait till the approved time frame.
Conclusion:
It seems that the target price for HEG is a range between Rs 391.20 to 398.50 in next 12 to 14 months. Looking at the current scenario, we recommend BUYING this stock with the stop loss of 180.23.
Gurukrupa Capital
E-mail: contact@gurukrupacapital.com
Contact: 09974747485
www.GurukrupaCapital.com
Stock Info:
Company Name: HEG
Sector: Electrodes - Graphites
Market Cap (Rs cr): 1079.14
Beta: 115.34
52 Week High / Low: 690 / 177
Face Value (Rs): 10.00
P/E: 7.19
Shareholding as on (as on March 31, 2008) (in %)
Promoters: 51.44
Institutions: 11.55
Public & Others: 14.14
Foreign: 15.61
Corporate Bodies: 7.25
Indicator: BUY
CMP (INR): 240
Price Target (INR): 398.50
Stop Loss: 180.23
Time Frame: Next 12 to 14 Months
Investment Grounds:
- Heg Ltd had informed the Exchange regarding the approval by the Board of Directors for Buyback of Equity Shares of the Company at their meeting held on August 19, 2008.
- HEG Board approves buy back of Equity Shares upto a price of Rs. 350 per share.
- Economical factor seems very favorable for rise in share price in very short terms also. If so, investors will have to wait for time correction in future.
- Share price of this company has become a center of attraction for FII’s DII’s.
- Also factor in the effect of Reliance gas starting supply in second half of the current financial year the energy picture of the country in a drastic manner.
- The company has posted a net profit of Rs.143 crores and a eps of Rs.35 for the year 2008.
- Company tries to expand its capacities to 80000 tonnes and the expansion will be completed in last quarter of 2009.
- This expansion may result into heavy profits in next upcoming quarter.
Some Risk Factors:
- This stock shows its pattern with the effect of Crude Oil.
- It has shown its strength in previous calendar year. So there are least chances of rising share price rapidly. Investors shall have to wait till the approved time frame.
Conclusion:
It seems that the target price for HEG is a range between Rs 391.20 to 398.50 in next 12 to 14 months. Looking at the current scenario, we recommend BUYING this stock with the stop loss of 180.23.
