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#2
4th October 2006, 09:07 AM
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Re: How is good is Shree Digvijay cements
Shree Digvijay Cements
Rajen Shah, Angel Broking With reduction in debt and firm cement prices one can look forward to an even better performance from Shree Digvijay Cements in the coming quarters. One can expect a 50% upside in 12 months time frame with possibly no risk. This Aditya Birla group Company in which Grasim has a 51% stake operates a 1.08 million tonne plant at Jamnagar in Gujarat. The company has managed to turnaround thanks to the restructuring undertaken over the past 18 months. Recently the company came out with a rights issue of shares in the ratio of 18 shares for every 1 share held at par i.e. at Rs 10, the funds mobilized approximately Rs 135 cr has been utilized towards reduction of debt. With reduction in debt and firm cement prices (As the industry operates at almost 100% capacity, cement prices are likely to remain firm for at least quite a while) one can look forward to an even better performance from this company in the coming quarters This company could possibly end this year i.e. March 07 with an EPS of Rs 5.Trading at Rs 33 it looks a safe bet .One can expect a 50% upside in 12 months time frame with possibly no risk. Source: Poweryourtrade 
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