ROCKET STOCK.... BHAGYANAGAR INDIA Ltd. At 24/-; TARGET 45/- & 55/-
BUY BHAGYANAGAR INDIA Trading in BSE & NSE at 24/- . Immediate Target 36/- ; Short term Target 45/- & 55/- short term. 75/- for Medium Term. Company Buyback offer at 40/-
Market may touch NIFTY 4,950 and BSE Sensex 16,200 next Month; FII’s are hevily buying stage. Buy Bhagyanagar India at 24/- Just Buy and hold 1 month with good appreciation at 100% Profit because company Buyback shares at 40/- . All Stocks up 50% to 200% recently; This stock is Pending for up moving in this Small and Mid cap Rally with good Fundamentals and good reserves and Good Profit making company and Good dividend company. See My all calls Rocking recently SE Investments given at 170/- Reached at 275; Techtran Poly given at 13/- Reached 21/-; Suraj Diamonds Given at 38/- reached 55; Ponni Sugars given at 55/- Reached 99/-; This all calls given from last 15 days. Now I am giving Bhagyanagar India Ltd at 24/- With a Target of 36/- and 45/- within Short time.
This Year Dividend 20% declared Next Month 15th is the Book closure for Dividend.
Risk is very very less because company Buyback at 40/-
Lot of Accumulation is going on in NSE an BSE by BIG BIG Operators and Mumbai Bulls Because Company Buyback shares at 40/-. Good Valuation stock per share 150/- above; Buy back gives a signal that the company is cash rich. Good Fundamental with Goos Profit making company, Company Declared First Quarter Results 3.7 Cr With 2 EPS.
Promoters increase their holding from 57.6% to 59.75% recently.
Lot of News Coming out soon. Just Buy at 25/- hold 1 week to 1 month u will get good returns from 50% to 300% because Buyback at 40/- and company having lot of reserves and company having good land bank in Hyderabad, Uppal that land value is per share its come around 150/-.
Bhagyanagar India Buyback Shares price of 40/- is just at a 40% discount available in Market at 24/-. Buyback gives a signal that the company is cash rich. Good dividend giving company; giving every year 30% dividend.
Bhagyanagar India Ltd in the field of manufacturing of Copper and Telecom Products, Real Estate & INFRASTRUCTURE and Wind Power and Non Conventional Energy.
And recently company try to get Infra Projects also.
Good Dividend Paying Company; Equity Just 14 Crores; Promoters Holding 59.75%.
Good Land Bank in Hyderabad, Chennai .
Good land bank in the heart of Hyderabad at uppal which itself is as asset for the company. with a valuation of 150rs/share holder.
Buy at current price trading at 24/- with target of 45/- and 55/- within short time.
See My last all calls earned 50% to 300% for the this Montrh.
1) SE Investments given at 170/- Reached at 275/-
2) Techtran Poly given at 13/- Reached 21/-
3) Suraj Diamonds Given at 38/- reached 55/-
4) SE Investments given at 170/- Reached at 275/-
5) Ponni Sugars given at 55/- Reached 99/-;
This all calls given from last 15 days. Now I am giving Bhagyanagar India Ltd at 24/- With a Target of 36/- and 45/- within Short time.
Positive Points for this stock for Up moving:
1) Mumbai Bulls and Operators are accumulating at current price. Because Company Buyback at 40/- So risk is very less; Daily above 70% delivery in NSE and BSE.
2) Company Share is valuable at 150/- above; because company having good reserves and Land bank in Hyderabad at Uppal per share 150/-.
3) Equity is very small at 14.93 Cr promoters Holding 59.75%
4) 30% Dividend Paying Company
5) Promoters Holding is good 59.75%
6) Promoters increase their holding from 57.6% to 59.75% recently
7) Company planning to diversifing to Infra and Energy.
Bought on your suggestion. One question, where did you read about this buy-back offer @ 40. I can see only the news on dividend and not on buyback offer.
Dear India Bulls, I purchased 450 shares at 28 after reading your message. But when it started falling I serched the BSE website & surana dot com, I found that the letter given to BSE says that the buyback will be done at a rate not more than Rs. 40 and NOT at Rs. 40.... I am still holding these shares but do not know whether it will reach 35 or will fall again to 21-22.
I think the managemnt would have purchased the shares @ 20-21 & they may sell them after raising its prices.
your comments please.
The Letter : -
OUTCOME OF BOARD MEETING HELD ON 09.04.2009
This is to inform you that the Board of Directors of the Company at their Meeting held on 09.04.2009, has approved:
Buy Back of the Company’s fully paid-up equity shares of Rs.2/- each, from open market through Stock Exchange mechanism, subject to the approval of the members through postal ballot and from SEBI under the SEBI (Substantial Acquisition Of Shares And Takeovers) Regulations, 1997 , for an amount not exceeding Rs.20,00,00,000/- (Rupees Twenty Crores only) to a minimum of 50,00,000 shares and a maximum of 1,00,00,000 shares, up to a maximum price of Rs. 40/- per equity share, in accordance with the provisions contained in the Articles of Association, 77A, 77AA, 77B and other applicable provisions of the Companies Act, 1956.
The above decision of the board has been taken to enhance overall shareholder value by returning surplus funds to shareholders in an investor-friendly manner and to enhance the earnings per share of the Company in future, and create a long-term shareholder value
Can anyone share the reason for such a big fall in one day. India bulls - pls share your view. I think you do a very good study before recommending any stock.
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