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Showing posts from February 7, 2010

maithan alloys ltd--multibagger

Maithan Alloys is one of the largest and most profitable manufacturer of manganese alloys in one of the most competitive production locations in the world.
The Company's business model can be encapsulated across the following
points:

The Company commenced commercial production in 1997
with 10 MVA; it grew its installed capacity by 7.5 MVA in 2000 and 8.26 MVA
in 2004 when the market for manganese alloys was weak, indicating its
commitment to the business. The result is a capital cost per attractively lower than the prevailing greenfieid benchmark.



The Company enjoys a long-term power supply agreement with
DVC but going ahead, is commissioning 95 MW at its 15 MVA Meghalaya
facility. The Company also possesses a manganese ore mine in Orissa,

The Company has successfully completed the construction of manganese alloy
plant and captive power plant at Byrnihat in Meghalaya. The project was
commissioned during 1st week of April, 2009, enhancing Company'…

stocks to buy

1infosys  cmp2350  target rs 3175 idfc cmp144  target rs 185 tata steel cmp 530  target  650

shares to buy

the three are good investments - SUZLON is expected to get some relief in the coming budget while FORTIS - target price is 500 in 48 months solid investment (if the market falls to 13,500 levels FORTIS can be bought around 100) I feel that L& T is a bit overpriced for now. You may buy SBI / AXIS BANK / IDBI BANK/ SOUTH INDIAN BANK/ FEDERAL BANK / YES BANK ETC  ....BANK SHARES ARE EXPECTED TO DO WELL IN 6 MONTHS UNLESS RESERVE BANK CHANGES SOME POLICY.... HRHR - HIGH RISK HIGH RETURNS - WIRE AND WIRELESS All the best

Best Regards,
Ramanathan N.S.
00968 96915246(Mob-Oman)

ARSS Infrastructure — IPO: Invest

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A sizeable order book, strong sales and profit growth, and a secure client base in government contracts bode well for the offer.

Major exposure to the Railways segment provides high margins. Bhavana AcharyaA relatively low asking price and a focus on government projects make the offer from ARSS Infrastructure Projects a reasonable bet, but only for investors with a high-risk appetite.A construction contractor in the Railways and roadways segment, the company plans to raise Rs 103 crore from this issue to fund working-capital and joint ventures.In its price band of Rs 410-450, the offer is at a valuation of 8.6 to 9.5 times the estimated FY-11 per share earnings on a post-offer equity. Reasonable valuations notwithstanding, given the risks to the business, investors are advised to exit the stock if it touches about a 21 per cent return.ARSS has a high exposure to Railways (which offer higher margins) and roadways, a sizeable order book, strong sales and profit growth, and a se…

Power Finance Corporation: Buy

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Fresh investments can be considered in the Power Finance Corporation (PFC) stock that appears a good defensive bet within the financial sector.The company's loan book grew at a strong pace of 20 per cent in 2009 despite lower demand for credit witnessed by the banking sector. At current market price of Rs 252, the PFC stock is trading at 10.5 times its estimated FY11 earnings and two times its estimated adjusted book value, which does not reflect the strong earnings growth posted by the company.Near-zero non-performing assets and a high proportion of floating rate assets (87 per cent) allow PFC to pass on interest hikes and minimise credit risk. Strong earnings growth (36 per cent for nine months ended December 31, 2009, adjusted for extraordinary items), superior profitability (Return on Equity of 17 per cent) and the insatiable funding requirements of the power sector make for bright growth prospects.The outlook for power financing looks promising given that investment…