Sujana Towers, Ruchi Soya & Bharti Shipyard
Analysis of Sujana Towers, Ruchi Soya & Bharti Shipyard
Sujana Towers
Sujana Towers is the manufacturer of power transmission and telecom towers. It also undertakes heavy structural works for railway electrification, which has got good demand and potential. All the three sectors, which it is catering to, have been seeing very strong demand and this could lead to significant growth for the company in the future. At the current market price of around Rs 115, this stock is quoting at only nine times FY08 earnings of Rs 13 per share. This stock should achieve a target price of Rs 200 in about 9-12 months time.
Ruchi Soya
Ruchi Soya is the flagship of the Ruchi Group. It is one of the largest agri-business companies in India. It crushes about 25% of the total soya crop in India and is scouting for palm cultivation in Malaysia and Indonesia. Agriculture as a . sector looks very promising in the long run. This stock is also currently trading at around 10 times FY09 earnings and 7.5 times FY10 earnings. I would expect the stock to be touching around Rs 175 in about 12 months time.
Bharti Shipyard
Bharti Shipyard has a very strong order book position and aggressive capex plans. The company has recently announced the commencement of a shipyard at Dabhol and has also tied up with the Apeejay Group in West Bengal to set up a very large shipbuilding yard along the country's eastern coast. It is expected to be growing at a CAGR of 50% over the next two-years. At the current market price, it is quoting at a multiple of 11 times FY08 and around 8 times FY09 earnings, which is quite attractive. This stock should reach a target of Rs 900 in about 12 months time. .
Sujana Towers
Sujana Towers is the manufacturer of power transmission and telecom towers. It also undertakes heavy structural works for railway electrification, which has got good demand and potential. All the three sectors, which it is catering to, have been seeing very strong demand and this could lead to significant growth for the company in the future. At the current market price of around Rs 115, this stock is quoting at only nine times FY08 earnings of Rs 13 per share. This stock should achieve a target price of Rs 200 in about 9-12 months time.
Ruchi Soya
Ruchi Soya is the flagship of the Ruchi Group. It is one of the largest agri-business companies in India. It crushes about 25% of the total soya crop in India and is scouting for palm cultivation in Malaysia and Indonesia. Agriculture as a . sector looks very promising in the long run. This stock is also currently trading at around 10 times FY09 earnings and 7.5 times FY10 earnings. I would expect the stock to be touching around Rs 175 in about 12 months time.
Bharti Shipyard
Bharti Shipyard has a very strong order book position and aggressive capex plans. The company has recently announced the commencement of a shipyard at Dabhol and has also tied up with the Apeejay Group in West Bengal to set up a very large shipbuilding yard along the country's eastern coast. It is expected to be growing at a CAGR of 50% over the next two-years. At the current market price, it is quoting at a multiple of 11 times FY08 and around 8 times FY09 earnings, which is quite attractive. This stock should reach a target of Rs 900 in about 12 months time. .
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