|
|
| Discuss Sterlite Technologies at the Stocks & Shares within the Traderji.com - Discussion forum for Stocks Commodities & Forex; Hi, My previous call of Bartronics (recommended at 151) has reached its target of 230 ... |
|
|||||||
| Notices |
| Stocks & Shares Discuss technical & fundamental views, trading and investing strategies on individual stocks. |
 |
|
|
Thread Tools |
| Sponsored Links |
|
#1
10th May 2008, 03:07 AM
|
|||
|
|||
Sterlite Technologies
Hi,
My previous call of Bartronics (recommended at 151) has reached its target of 230 a few days back - viz more than 50% gains in about a months time. My next pick is Sterlite Technologies. I like this stock due to the following reasons: Deloitte has nominated Sterlite Optical Technologies as the 6th Fastest Growing Technology Company in India in 2006. The Company won the Deloitte Technology Fast 500 Asia Pacific & Fast 50 India Awards 2007, IMC-RBNQA - Certificate of Merit 2007 and the Dun & Bradstreet Corporate Award 2007 for Telecom Equipment. 4 patents were granted for Optical Fiber Products & Processes in USA, India and China, adding to the 9 patents granted in previous years. Optical Fiber & Fiber Optic Cables facilities are running at nearly 100% capacity and in line with the unprecedented demand indications in the global optical fiber industry. The optical fiber expansion of 4 Million-km to 6 Million-km has been commissioned during the year and the expansion to 12 Million-km is running on schedule to finish by June 2009. Export sales showed a strong growth by 75% to reach export revenues of Rs. 518 Crores (USD 129 Million) as compared to international sales of Rs. 296 Crores (USD 74 Million) in FY07. International Sales now account for 31% of net revenues as compared to 25% in FY07. FY08 Net Profits up by 98% to Rs.101 Crores vs 51 Crores last year; EPS grows to Rs. 15.46 vs 8.26 last year. At the start of FY09, the Company has a strong order book of about Rs. 1,020 Crores for its telecom and power products, of which the export order book is about Rs. 320 Crores. Sterlite received contracts valued at INR 2.96 Billion from PGCIL, India's single largest buyer of Power Transmission Conductors. The promoters hold 43.63% in the company which shows the promoters interest in the company. Feedback/Suggestion are most welcome. Cheers. 
|
| Sponsored Links |
|
#2
10th May 2008, 03:10 AM
|
|||
|
|||
|
Re: Sterlite Technologies
The company is on a strong growth track and the management is confident that it will be among the top 3 manufacturers in the world by 2010 in terms of market share for all its product lines. At CMP of Rs. 228.45, the stock trades at a P/E Ratio of 14.6. I give a target of Rs. 298, a 30% upside from current levels.
|
| Sponsored Links |
|
|
|
| Bookmarks |
| Thread Tools | |
|
|
Indemnity, Disclaimer & Disclosure
Notice:
• By visiting Traderji.com you indicate your acceptance of our Forum
Rules Disclaimer & Disclosure and indemnify Traderji.com, its
associates and related parties of all claims howsoever resulting from
the usage of the forum.
• Disclaimer: Trading or investing in stocks & commodities
is a high risk activity. Any action you choose to take in the markets
is totally your own responsibility. Traderji.com will not be liable for
any, direct or indirect, consequential or incidental damages or loss arising out of the use of this information.
• Disclosure: The information in this forum is neither an offer to sell nor solicitation to buy any of the securities mentioned herein.
The writers may or may not be trading in the securities mentioned.
• All names or products mentioned are trademarks or registered trademarks of their respective owners.
General Content Disclaimer Notice:
In light of our policy of encouraging candid, open exchanges of views and the rapid distribution of information originating from many sources, Traderji.com cannot determine the accuracy of information that may be uploaded to the forum. Opinions, advice and all other information expressed by participants in discussions are those of the author. You rely on such information at your own risk. You are urged to seek professional advice for specific, individual situations and not rely solely on advice or opinions given in the discussions. Since Traderji.com is an open and free discussion forum, any comments made by members of this forum in their posts reflect their own views and not of the owner or administrator of Traderji.com. Thus the owner/administrator indemnify themselves of all claims whatsoever and will not be liable or responsible for any members comments/views in this forum Traderji.com. If you find any objectionable or offensive posts made by members of this forum which you would like to bring to our notice for removal then please Contact Us.
