Is it good to buy ispat ind at 28.30.
In FY 04-05 Ispat Ind. has an EPS of around 10/share which fell due to loss due to expansion activities in FY 05-06, 06-07. IN FY 07-08 the company has posted of Rs. 34 crore. All along these years the sales increased & Book value increased from Rs.55 in FY 04-05 to Rs.113 in FY 06-07. Now in 07-08 with a book value of around Rs.100 and good business prospects in FY 08-09 I do hope that ispat industries will reach sales of Rs.11000 crores with profit of Rs. 1100 crores with an EPS of around 10/share. I don't see any reason why the share of this company shouldn't reach Rs.100/- in the stock market.
With Good Wishes