BFL has a completely de-risked business across geographies, products, customers and manufacturing capabilities. The company is pursuing aggressive capacity expansion, thereby boosting volume growth.
At the current market price, Bharat Forge is quoting at a PER of 27x.On EV/Sales and on EV/ EBIDTA basis it is quoting at 2.39x and 12.23x of its TTM consolidated earnings [...]
Entries from June 2006
June 22, 2006
Bharat Forge
June 21, 2006
Indian Cement Industry
Being the second largest cement industry in the world after China, Indian cement stocks have been on an upswing. With a renewed focus on infrastructure development activities taking place in the country, the cement industry is surely going to see boom times ahead.
The top picks in the cement industry space are Jaiprakash Associates, Grasim [...]
June 21, 2006
Markets Consolidate Today
There was a lot of consolidation in action at both the bourses, viz. Bombay Stock Exchange and Nifty. With a much awaited push for the Indian equity stocks, there were a large number of advances compared to declines.
Most of the investors and brokers have still pegged Reliance Industries, followed by L&T, as their best bets. [...]
June 21, 2006
WS Industries Revisited
The stock is available at cheaper valuations now. This is a good time to buy the stock.
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June 21, 2006
Indian Stock Market Volatility
The markets are seeing a high degree of volatility of late with a lot of upward movement one day, and then a huge fall the next day. This is not the best time for an investor to enter the markets, though the valuations for some of the stocks have become very cheap. Keep your hawk’s [...]
