Hi Rani,
Current EPS after considering the extra ordinary item(write off in value of Investments in Cap mkt) is Rs11.65 per share, which means at price of 140 it`s trading at p/e multiples of 12. Now if I exclude this item EPS turns to be 22 & thereby P/E of 6. This company has operating mgn of 15% which is decent in engeering segment. I have this stocks at Rs350 qty100 levels & 500qty@52 levels. Company operates in a space where core trust of reforms lie. Management has been quite conservative in there accounting policies. True value of this firm is not less than Rs.350. I presume if investmenst are held till maturity then u will see an revised mkt value taking EPS to 20levels after the results are out. So hold on at this levels. Beyond 350 will surprise me n I shall be existing at 375 levels in next 6mnths...
I am holding 1500@ Rs 101, Sorry to say it wont cross 350 in 6 months. first it need to cross 180, if you see previous history it struggle to cross 180, It is trading below 150 which is not good for this stock. I expect this will go down to 70 level in the next 6 month then head to 300...Stay invested for atleast 3 yrs for 300 target. This is from my experience. I will buy more if it comes to 75 level which is expected in the coming months correction. dont buy now. wait and buy on dips.
Why do think it will go down to levels of 70. Any specific reason when it has strong order book. last Qtr loss was due to revaluation of Investments(MF`s). If the valuations get re adjusted based on Fair Value principle. We can see EPS of 15plus. just in this qtr. Anyways let`s wait n watch. Wht`s ur thought on GEI Ind?
shiva what u think shd be valuations of a co whose ceps before exceptional items is around 33 rs .exceptional items pertain to writeback of treasury stock of m.fs in 3 rd qtr whose value probly doubled now.Co growing at gr8 pace.Results declared are not consolidated.this co should easily go to 300 rs in yr time frame
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