Tata Sponge Iron (Rs.226) valuation looks attractive as EPS for FY10 likely to be around Rs.75 while its market cap is just Rs.363 cr. Last dividend was 80%. Investors can keep a watch to accumulate this stock on dips for target of Rs.300.
Amrutanjan Health Care (Rs.508) has declared 170% total dividend for FY09. Besides that, it has given one time special interim dividend of 400%. At present, its market cap is Rs.122 cr. while the company is sitting on cash of Rs.67 cr. The company has completed buy back at average price of Rs.374 and its equity has come from down Rs.3.2 cr. to Rs.3.03 cr. Investors can continue to stay invested in this stock.
In view of firm ferro alloy prices, investors can accumulate Rohit Ferro Tech (Rs.39) for a short-term target of Rs.60 over the next 6 months. The company is expected to report better results from Q2FY10 onwards. Firm closing above Rs.43 level may give a good upmove.
Jaihind Projects (Rs.110) is confident of 100% growth in topline for FY10. As per unconfirmed sources, the company is likely to get a big overseas order in the near future. There are also indications of placement of shares to some private equity funds at a good premium to the current market price. Investors can continue to stay invested or add on dips for good long-term growth.
There is value in Sical Logistics (Rs.58). Those keen to invest in the logistics sector, may keep a watch on this stock for buying on dips.
Supreme Industries (Rs.308) has reported 49% volume growth in the first 2 months of the current year, which begun on 1 June 2009. This is very positive news for investors holding this stock, which was recommended from Rs.105 level onwards in this column from time to time. Good recovery in the monsoon over the last 25 days will also help boost its business. Investors can stay invested for long-term target of Rs.450 over the next one year.
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