Alps Industries Ltd.

#1
Alps Industries Ltd. closed strongly at Rs.161.50 with good delivery volumes . Prudential ICICI has acquired 6% stake in the company recently . With Eps of Rs.28 the stock is trading at less than 6 multiple. Alps has procured export orders from a leading US retail chain store .


With punters getting in its a good bet for the short term . Alps looks very strong on technical charts too .

Short term target is Rs.200 , and Long term target is Rs. 310 .
 
#2
Can anyone one of our seniors can comment on it.
What is the price stop ?
Also at the current levels, in MACD is it in a buy option or sell option. Please comment.

Regards
Raj
 
#3
I agree fully with beachbum90210. This is a really undervalued, fundamentally strong, multibagger stock which is going to give u very good return if u keep it for 1-2 years. My target eps for this company for the current year is 22-25 rupees which will be somewhere near 32-40 in March 2007. The Company is expanding very agressively and recently it has acquired some 25000 spindles on lease in Uttranchal. See the bse website announcement and u will know that on 18 Feb Mr Tiwari, chief minister of Uttranchal will inaugurate the new facility. The company has plans of floating ADR/GDR in near future. Already there is near 7% foreign holding which will increase after ADR/GDR issue. I beleive the company is set for a re-rating since it is basically a fashion accessory like retailer and exporter. Thus the P/E multiple should be on the same lines as of Bata, Liberty, Petaloons, Trent etc. My short term target (3-6 months) is 250-300 rupees and long term target (2-3 years) is more than 500. One of the best buy at current levels.
 
#4
hopkins said:
I agree fully with beachbum90210. This is a really undervalued, fundamentally strong, multibagger stock which is going to give u very good return if u keep it for 1-2 years. My target eps for this company for the current year is 22-25 rupees which will be somewhere near 32-40 in March 2007. The Company is expanding very agressively and recently it has acquired some 25000 spindles on lease in Uttranchal. See the bse website announcement and u will know that on 18 Feb Mr Tiwari, chief minister of Uttranchal will inaugurate the new facility. The company has plans of floating ADR/GDR in near future. Already there is near 7% foreign holding which will increase after ADR/GDR issue. I beleive the company is set for a re-rating since it is basically a fashion accessory like retailer and exporter. Thus the P/E multiple should be on the same lines as of Bata, Liberty, Petaloons, Trent etc. My short term target (3-6 months) is 250-300 rupees and long term target (2-3 years) is more than 500. One of the best buy at current levels.

Thanks Hopkins for lot of useful information. Well I will definately visit the site and information abt it and will think about investing into it.
 

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