Re: Might Be Helpfull
Welpsun India : The company is expanding capacity at a cost of Rs 650 Crs new addition of 10,000 tons of terry towel, spindle capacity from 25000 to 50000 the cost would be funded through internal accruals and certain amount of stake they have sold to Temasesk of Rs 170 Crs , FY07 earnings would increase to Rs 13 and FY08 (E) EPS it would double to Rs 24-25, a significant re-rating is expected and we continue to maintain an neutral rating on the stock.
Trading Portfolio : BUY Welpsun India
Welpsun India : The company is expanding capacity at a cost of Rs 650 Crs new addition of 10,000 tons of terry towel, spindle capacity from 25000 to 50000 the cost would be funded through internal accruals and certain amount of stake they have sold to Temasesk of Rs 170 Crs , FY07 earnings would increase to Rs 13 and FY08 (E) EPS it would double to Rs 24-25, a significant re-rating is expected and we continue to maintain an neutral rating on the stock.
Trading Portfolio : BUY Welpsun India
