a company still in its infancy being just 4 years old, is already beginning to look like a Stainless Steel (SS ) major. Facor Steel is a specialty steel long products manufacturer, having a highly sophisticated state of the Art plant. SS Long products cater to automobile, railways,defense and engineering sectors. Its products include SS, Alloy steel,Valve steel, Carbon manganese steel,Silico manganese steel etc. They are exported to several European countries, USA and the Middle East.
Presently the company has capacities of 60,000 MTPA of quality alloy steel and Stainless Steel with 2 rolling mills having a capacity of 80,000 MTPA. The company has decided to expand its SS capacity by 500,000 MT, and also set up a 250 MW coal based power plant costing Rs. 2500 crores
Company’s financial are showing a marked improvement YOY with a top line growth in excess of 25% .
With an equity capital of Rs. 20.6 crores divided into 20.6 crore shares of Re.1 FV, the market capitalisation of the company is just about Rs. 93 crores at CMP of Rs. 4.5 .With a 9 fold expansion in SS capacities and 250 MW coal based power plant, an exponential growth is expected in the next 3 years.
Even for FY-08 the company is expected to have a turnover of Rs 500 crores+ with PAT of Rs. 8+ crores and EPS of 0.4
Thus the share appears to be good long term value buy.
My advice: If you want to hold X nos of share, pls buy 2X nos of share now... The price will be double within Mar-08. At that time sell 1/2 of your holdings and recover your investment. :)) Then just forget about your investment till 2011. You will be a real winer...
Buy at CMP of Rs. 4.5 with 3 years HOLD to get maximum returns.
Market is favoring mid and small caps... Small caps are buzzing like any thing... this rally might continue...say, mid of next week...
For small and new investors it's time to be extra cautious... If this stock is trading above 11/... then, it's not the proper time to enter... Let it fast make higher top and higher bottom...:)
according to me depending on the breadth of this rally this stock will make immediate higher top 11-12... well may be 14-15 and higher bottom... say...7-7.5
For those who enter this stock below 7... CLEAR HOLD...AND ENJOY...
Now it is already reduced to about 20-25 fold @ CMP of 10.41
yes a price of Rs 200-250 is quite possible within 3 yrs time.....
already ur March '08 time frame is compressed to Dec. '07.....
Pls don't panic... Todays corection was expected one... We may see 1500-2000 point corrction in this week... say... my be up to first two days of last week of DEC. Pls don't enter this stock in between this period. Be patient.... You will get ample opportunity...
Those who accept my Rs 4.50/= call...:)... hey... it's already 3 multubagger... I am confident... we will travel a long rad ahead... be patient and hold on to this script.
Let us hope for the best for our FACOR STEEL... hey... entire FACOR GROUP...:):):)
Pls visit our community: MONEY MAGNATES in Orkut...
Dear All,
Happy NEW Yr-2008... Another bright year ahead of us...
Facor is really doing well... It will move up further... In JAN we may see short sentimental selling...correction may happend... But nothing to worry... It's party time again... JAN will definitely give us newer level... It will see 16-17 first... then 20 will be the next level....
If you have already booked partial profit, it's good. If not, pls don't panic. We may see 13-14 level... But so what... After that we will again see 20+ level...
Pls remain invested in this counter for next 2 Yr... U WILL BE A REAL WINNER...:)
mr.ram thanks for the support u r giving to our little investors but the fact cannot be driven off.it is a clear cut sell.as almost more than crores of shares are awaiting to sell.still the chart shows a seller very much.so enjoy happy selling till 8-9/-than the share may rebound that is also not possible.secondly no co. is looking to buy facor cnf. news from the biggest operators of the mkt. like jmp sec.so happy selling till 8 rs.
I agree ,the script has run-up a bit in movement, hence profit booking is inavitable. In my sense , today could be the last day for buy opportunity.
Moreover Whether surprise news erupts or not the script is sound. Patience pays.......
| NIFTY 
