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Hot Stocks - 12-03-2005
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Stock
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Price
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Comments
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BILT
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101
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In the last 12 months Ballarpur industries has reported an EPS of Rs 9.5 . This discounts the current price by just over 10 times. The industry leader status, consistant growth, excellant management should see an EPS of atleast 20 in next 3 years. This company deserves a better PE multiple than 10. We expect the markets to give better weitage for this scrip and a PE Ratio of over 14. This translates into a price of Rs 280 by 3 years from now.
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WHEELS INDIA
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269
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The company is promoted by TVS group in technical/financial collaboration with Titan Europe. The company manufacture automotive wheels. It has a 65% market share in India. Ha a good presense in export market. The current market price of around 270 discounts the latest EPS by around 10 times. With automobile industry growing at faster rate, this earnings are all set to improve. We expect a price target of over Rs 400 in next 9 months time.
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