Facor Alloys

On 19nov An American Co. Has Made A Bulk Sale Deal Of Around 1.39 Cr. Of Shares Of The Related Co.facor Steel .what Impact Will This Have.. Please Inform If There Is Impending Sale Of Bulk In Facor Alloys Also.

Sir,
I had made several postings when I visited the site last time and before. I could not visit the site since then. Anyway I will do it (postings) if I have something to say. Thanks for the reminder

Facor alloys is making Ferro Chrome ( a raw material input for Steel ) also exporting it . The prices of ferro chrome have gone up considerably in the international market , partly due to good demand for steel , partly somewhat due also to China's growth . Facor Alloys has been the beneficiary of this rise in international prices .

Facor alloys performance from the last 2 quarters has been phenomenal . in the September quarter itself it has shown more profits than the whole of 2006-07 . Prices have responded ..... and continue to rise .

I hope 3rd quarter results may be equally comforting , in which case we can expect the share prices to cross Rs. 20/- by another 4-5 months .

I can't say the same though for Facor Steel .

Thanks a lot. But I wonder when it will cease being traded in the TT Segment. Are there any chances of a IPO in the near future?

Facor Alloys is already out of T to T segment , and has come into the B2 segment with effect from 3rd December . You can check this on the BSE website "www.bseindia.com" .
I do not know about IPO , but expansion plans for the Facor group have already been announced .

Thanks . Glad to hear that...does it mean that circuit filter of 5% is no longer applicable.. since B2 segment has a limit of 10% . Sorry,but am not aware of the filter limits..

Thanks. Now i understood why this stock is moving up...

Facor Alloys is in the consolidation stage at present , but will soon breakout . It is not only due to the phenomenal results ( Net profits have increased from 13 Crores in 2006-07 to 71 Crores for 2007-08 !! ) , but more importantly due to the expectation of equally impressive growth in the year 2008-09 , due to the rising international prices of Ferro Chrome . As I hope , net profit may touch approx 125 Crores in the coming year , resulting in EPS of Rs.6 /- . With a conservative P/E of 8 , I hope share prices may rise to Rs.48 /- as against Rs.13 /- going on at present !

I wish everyone may take advantage of the potential of this Scrip to give more than 300% returns in the medium term of 6 months to 1 year .

its now at 2.6