16% Quick Profit expected in Short term investment
16% Quick Profit expected in Short term investment
AMARRAJA BATTERIES
Present Price - Rs.395; Projected Price - Rs.460
Amar Raja Batteries is a dominant leader in Industrial Batteries and is emerging as a fast growing brand in the Automotive Batteries segment. The company has cornered more than 25% share in the domestic automotive battery market. It has forged relationships with all major auto OEMs operating in India and that too just in a span of six years of operations. The company is a preferred supplier to all major cellular service provider's switch and exchange manufacturers and is likely to be a major beneficiary of the increased spending on network expansion. We expect the company to report EPS of Rs.34 plus for FY07 and Rs.50 plus for FY08. The company has an Equity Capital of Rs.11.4 cr. On the technical front, the stock has broken out of a bullish pattern and is headed for higher levels.
AMARRAJA BATTERIES
Present Price - Rs.395; Projected Price - Rs.460
Amar Raja Batteries is a dominant leader in Industrial Batteries and is emerging as a fast growing brand in the Automotive Batteries segment. The company has cornered more than 25% share in the domestic automotive battery market. It has forged relationships with all major auto OEMs operating in India and that too just in a span of six years of operations. The company is a preferred supplier to all major cellular service provider's switch and exchange manufacturers and is likely to be a major beneficiary of the increased spending on network expansion. We expect the company to report EPS of Rs.34 plus for FY07 and Rs.50 plus for FY08. The company has an Equity Capital of Rs.11.4 cr. On the technical front, the stock has broken out of a bullish pattern and is headed for higher levels.
posted by Stock Market at
3:12 AM
1 Comments:
www.indainsex4u.com
Post a Comment
Subscribe to Post Comments [Atom]
Links to this post:
Create a Link
<< Home