ROCKET STOCK.... EASTERN SILK INDUSTRIES Ltd. 14.5/-; TARGET 23/- & 29/-
EASTERN SILK INDUSTRIES Ltd. Trading in BSE (Code: 590022) & NSE (Code: EASTSILK) at 14.5/-in B Group. Target 23/- & 29/- for short term & 39/- for Medium Term. Safe Investment at 14.5/ current market situation Because Company Stock Value is very good at 14.5/- Good Dividend Giving Company; Every Year 45% Dividend giving and EPS 2.7/- Company having Good reserves per share 49/-; Book Value at 49/- and Good Land Bank in Karnataka and WestBangal (Per share 65/- Land); Company EPS for 2008-09 was 2.7 and Estimated EPS for 2009-10 is 3.5.
Very Valuable stock at current Market Situation; Market NIFTY will touch 5,250 and Sensex will touch 17,750 within 2 to 3 weeks time. Reasons FII's are Buying stage; . So use this correction and happily Buy at current price at 14.5/- and sell at 25/- to 35/-. Risk free investment at 14.5/-- ; Good Book value at 49/- Strong Fundamentals. Good Land Bank in Karnataka and WestBangal (Per share 65/- Land).
See My last 1 Month Calls 1) Ponni Sugar given at 55/- touched 110/-
2) Vikas WSp given at 21/- Touched 35/- 3) Techtran Poly given at 11/- Touched 20/- 4) Guj Borosil given at 11/- Touched at 17.5/- 5) and Last week Crane Soft given at 38/- Today touched at 43.85/-
After I given calls some BIG BIG Analysts Recommended for Crane and VIKAS WSp and Guj Borosil and Ponni Sugars at higher price.
My Last Call Crane Soft Continuously raising from 38/- Today 43.85/- reached with High Volumes. After I given Crane Soft call trading Huge volumes daily 35 Lakhs above in NSE and BSE.
So just buy This Eastern Silk Industries Ltd at 14.5/- and sell at 25/- to 29/- for Short term. Just Buy and Hold 1 week to 1 month u will get 50% to 150% return.
EASTERN SILK INDUSTRIES Ltd., Trading in BSE (Code: 590022) & NSE (Code: EASTSILK) at 14.5 /- in B Group. Daily accumulating company circle people. And Daily grabbing with Mumbai BIG BIG Bulls also because of Now stock is available at very very cheep price at 14.5/- Annual EPS 2.7/- for 2008-2009, . And Company Estimated EPS for 2009-10 is 3.5/-, As per this EPS PE only 4; Narmally in worst condition also PE will at 10 for this Industry for good group. If we take 10 PE It will go Rs. 35/- +++. Its very good promoters giving 45% dividend every year.
Expansion Plans to drive volumes :The company is starting a new plant worth INR 800mn in Bangalore which should be operational from July 2009. This will surge the total production capacity of silk yarn and fabrics
Good Land Bank in Karnataka and WestBangal (Per share 65/- Land). Company Having good Reserves per share 49/-. Strong Fundamentals. Good Valuable Stock at 14.5/-.
Book Value 49/-; EPS 2.5/- for 2008-09 and Estimating EPS for this year 2009-10 is 3.5/-. Company Given Net profit of 21 Crores for the year 2008-09 with 535 Crores Turnover. Equity 15 Cores.
Share Holding Pattern:
Promoters Holding 49%, Private Corporates 19% , Public only 27% and Others 5%
EASTERN SILK INDUSTRIES Ltd doing very good, The Kolkata based Eastern Silk Industries Limted is a company with multifaceted business activities. The list of activities Manufacture of Silk Yarn; Fabric & Made-Ups; Home Furnishings; Fashion Fabrics; Handloom Fabrics; Double Width Fabrics; Scarves, Laces & Belts; Embroidered Fabrics .
The present net worth of the company is about Rs 359 crores and it employs over 20,000 people directly or indirectly.
In the year 1958, the export house embarked on its overseas business, with an export turnover of Rs 0.5 lacs. As on date, the export turnover stands at a voluminous figure of Rs 482 crores in the year 2007-2008.
An added glitter in its crown is the number of awards that the company has bagged over the years from various Export Promotion Councils, such as:
- HANDLOOM EXPORT PROMOTION COUNCIL
- INDIAN SILK EXPORT PROMOTION COUNCIL
- CENTRAL SILK BOARD
- MINISTRY OF COMMERCE
The company has been recognized as "Golden Star Trading House" by the Government of India. In the area of self sufficiency the in house Research Wing has successfully developed a technology indigenously of Fast Color printing on fabrics that is the basic need for selling in the overseas market.
Modernization and adoption of new technology has been the watchword of the company down the years.
In this back drop, the company is planning to increase its export performance, commensurate to the extent of quantum increase in total Indian Export, which is likely to cross Rs. 500 crores by 2008-2009.
Company having Plants at West Bengal and Karnataka having good Land Bank.
See My last 1 Month Calls 1) Ponni Sugar given at 55/- touched 110/-
2) Vikas WSp given at 21/- Touched 35/- 3) Techtran Poly given at 11/- Touched 20/- 4) Guj Borosil given at 11/- Touched at 17.5/- 5) and Last week Crane Soft given at 38/- Today touched at 43.85/-
Possitive Points for this stock for Up moving:
1) Company doing very good; EPS 3.5/- Expecting for 2009-10;.
2) Mumbai Bulls and Operators are accumulating at current price. Because Company Strong Fundamentals.
3) Company having Good Land Bank in West Bangal and Karnataka (Per Share 65/-) and Company having Good Reserves 49/- Per share.
4) Book Value at 49/- and Good Dividend paying Company; Every year 45%.
5) Company given very good results EPS 2.7/- PE only 5 for this year 2008-09;
6) Company Projected EPS for 2009-2010 is 3.5/-as per this PE just 4
7) Equity is very small at 15Crores. Good Promoters Holding
8) Lot of expansion plans in Coming soon.
9) company is starting a new plant worth INR 800mn in Bangalore which should be operational from July 2009. Expansion results will come next Quarter.
10) Very good future for this company
Enter current price at 14.5/- Short term Target 23/- & 29/-Medium TermTarget 39/- AND 49/- for Long Term; Strong Fundamentals.
Happy Investing...
BIGBULLS
MUMBAI
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