It is true,there may be some price manipulation immediately after the listing of BS Transcomm for giving an exit opportunity to those who bail out the public issue. Even considering this factor, I strongly feels , there is some value in it at current market price of Rs.217/- .Company has posted a turnover of Rs.342 Cr in half year and a net profit of Rs.27 Cr . On the expanded equity, it is expected to complete the FY 11 with an EPS close to Rs.25/- .It is operating in an industry with good potential and an integrated company too .Current order book position of Rs.700 + Cr giving good visibility for its business going forward. Since its IPO just completed, most of the investors are aware about the company ,so not repeating much more . I am expecting an appreciation of 50% from current level in one year time frame. CMP is Rs.217/- which is almost 15% lower than the IPO price.
Thursday, 11 November 2010
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