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Q.

Is it good to buy ispat ind at 28.30.

Asked by prashant phate, 04 Jun '08 09:47 pm
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Answers (2)

1.

In matters of any transaction one should use his understanding about the matter; so no regrets later. However since you have put up a question I am putting my understanding and observation about the company which I hope shall help you make up your mind.
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
Answered by Shailendra Pant, 09 Jul '08 09:12 pm

 
  
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2.

No it can go 25.00
Answered by ashwin, 06 Jun '08 12:39 am

 
  
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