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BUY GRASIM AT CURRENT LEVEL

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Forum: Stocks (Equities)
Posted By: Analyst
Posted On: 5/1/2008 2:33:35 AM
Reply Count: 5
Last Update: 6/3/2008 12:56:15 PM
Last Replier: Namrata
 Author  Contents
Analyst
Anonymous User

Posted on 5/1/2008 2:33:35 AM

BUY GRASIM AT CURRENT LEVEL
Dear All,

It is seems that worst is over for the markets , but inflation concern remains

The stock which i recommend is Grasim industries. The Company has posted excellent profits for FY07-08. The EPS increased to Rs 289 from 214 for the previous year. The dividend payout has increased from 275 to 300% indicating that management is seeing continued high profits in the future.The managment has planned capex of 2000 crores

Further, the CMP of 2402 translates into p/E ratio 0f 8.6 , which is looking very attractive , ONE MUST BUY WITH PRICE TARGET OF 3,330 WITH 1 YEAR TIME HORIZON


Other comforting factors
ACC, Ultratch cement are quoting at 9 - 9.5 PE ratio indicating that grasim is available at cheap price.

Apart from Cement sector, it is also IN THE business of suiting and the growth across all the sectors is remarkable.
Sheetal
Anonymous User

Posted on 5/7/2008 12:16:04 PM

Re: BUY GRASIM AT CURRENT LEVEL
The stock is trading at near by 52 week low ? I am planning to invest around 50K in Grasim? Can anybody help me with 6 month target
Shah
Registered User
Member Since: 9/6/2005
Messages Posted: 60
Posted on 5/8/2008 9:56:23 AM

Re: BUY GRASIM AT CURRENT LEVEL
Buy with a target of 2700 in short term.
Jain
Registered User
Member Since: 9/6/2005
Messages Posted: 60
Posted on 5/8/2008 9:57:56 AM

Re: BUY GRASIM AT CURRENT LEVEL
Looks very cheap now, it will cross 4000 mark in 12 month perspective.
Jain
Registered User
Member Since: 9/6/2005
Messages Posted: 60
Posted on 5/8/2008 10:02:10 AM

Re: BUY GRASIM AT CURRENT LEVEL
Grasim... buy tomorrow & sell @ 2750 in a months
Don't looks at stock price , looks wat u will geting value for your money.
Namrata
Anonymous User

Posted on 6/3/2008 12:57:16 PM

Re: BUY GRASIM AT CURRENT LEVEL
Is this the right time to buy grasim . the CMP is 2100 levels
 
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