................................................................................................................. counter
!!! W E L C O M E !!!
In INDIA, people generally relate to stock market as “EASY MONEY” or “SATTA BAZAAR”. For them it’s purely a GAME or matter of sheer LUCK and nothing more than that. But seldom do they know, by following certain PRINCIPLES and taking INFORMED decision, this same platform has the power to take them from rags to riches. No doubt, it has a certain amount of RISK attached to it. But every business or investment has it. What more, the Finance Ministry has already made the long term capital gain as TAX FREE whereas the short term capital gain is taxed at merely 10%. On the economic front, India’s GDP is growing and is expected to grow at scorching pace of more than 8%. Unfortunately, even today our market is being ruled and dominated by FIRANGI’s money. But I can see, the day is not far when our general PUBLIC will change its perception and start putting MOST of their savings in equities as an ** Investment **.
Remember, "K N O W L E D G E" and "P A T I E N C E" are the key to success.
Page copy protected against web site content infringement by Copyscape
AddThis Social Bookmark Button Add to Technorati Favorites Join My Community at MyBloglog! ...<< Top Blogs >>
SAARTHI

Sensex (LIVE- Intraday)

Sensex (LIVE- Intraday)

Friday, September 2, 2005

Vardhman Industries - Rs.38.00

Vardhman Industries Ltd (VIL) is promoted and managed by Kapil Jain. Initially, VIL produced only steel ingots but in 1992 it set up a small galvanizing plant for steel pipes. Today, this Delhi based company is a reputed manufacturer and exporter of steel ingots, galvanized plain & galvanized corrugated sheets and coils. It also produces cold rolled coils and other flat products. Apart from metals, VIL has diversified into manufacturing Vanaspati Ghee and Refined oil.

VIL is also putting up a colour coating plant of 41250 MTA capacity at Rajpura in District Patiala in Punjab at a total estimated cost of Rs.15 cr. This plant will be operational by early 2006. It is also setting up a 10 MW power plant in Jharkhand and also its Steel Melting Shop (SMS) to manufacture about 68000 MT of billets at the same site. Both are expected to commence operations by November 2005.

VIL is concentrating more on exports by exploring new markets in Dubai, China, West Africa, Sierra Leone, Afghanistan, Myanmar, Maldives, Canada etc. It has made a major dent in the export market despite stiff competition and intends to take its exports beyond Rs.100 cr. With the increase in production, its diversified product mix, expected economies of scale and highly responsive market conditions, VIL can close FY06 with sales of around Rs.275 cr. and NP of Rs.6.50 cr. This means an EPS of Rs.8 on its current equity of Rs.7.94 cr. Investors are recommended to buy this scrip at declines with an expectation of 50% return in 12~15 months.

Posted by RAJAT AGRAWAL / MUMBAI at Friday, September 02, 2005

No comments:

Post a Comment

Subscribe to: Post Comments (Atom)