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bullishmumbai
Su-Raj Diamonds & Jewellery Ltd. 38/-; TARGET 65 Su-Raj Diamonds & Jewellery Ltd Trading in NSE (Code : SURAJDIAMN – EQ) & BSE (Code : 507892) at 38/-in B Group. Target 65 & 85/- for short term & 125/- for Medium Term. Safe Investment at 38/ In this Market correction time because its very good Valuable stock at 38/- EPS 13.5/- and Book Value 165/-PE Just 3. and good dividend paying company; Every year giving 20% dividend. Very Valuable stock at current Market Situation; Market NIFTY will touch 4,950 and Sensex will touch 16,500 within 2 to 3 weeks time. Reasons FII's are Bullish on markets; and companies Dividend giving time and AGM's time. Use this market correction for buying good value stocks. So happily Buy at current price at 38/- and sell at 65/- to 85/-. Risk free investment at 38/- ; Because EPS 9.5 for 2008-09 and Frist quarter of this year 2009-10 was annulised EPS was 13.5 PE just 3. Good Dividend giving company ; Every year 20% dividend. Su-Raj Diamonds & Jewellery Ltd , Trading in NSE & BSE at 38 /- in B Group. This is 10/- FaceValue . 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 38/- Annual EPS 9.5/- for 2008-2009, with PE 4 only. And Company Estimated EPS for 2009-10 is 15/-, As per this EPS PE only 3; Narmally in worst condition also PE will at 12 for this Industry. If we take 12 PE It will go Rs. 175/- +++. Book Value 165/-; EPS 9.5/- for 2008-09 and Estimating EPS for this year 2009-10 is 15/-. Company Given Net profit of 14 Cr for 1st Quarter of 2009-10 with 766 Cr Turnover and EPS of 13.5 Annualized and Full year Estimating EPS is 15/- for 2009-10; Equity 43 Cores. Share Holding Pattern: Promoters Holding 54%, Private Corporates 11% ,Forign Instituions 19.6%; Public only 8%; Others 7% Su-Raj Diamonds & Jewellery Ltd doing very good, Company having World-class expertise in Diamond and Jewellery manufacturing. Company having good Infrasture in Bangalore, Kolkata, Cochin, Goa, Chennai, Surat and Jodhpur; Good Value for this company; Per share its coming around 178/- value property. Core business activities of the Company are: Manufacture and export of gold, silver & platinum jewellery studded with diamonds, colour stones and semi precious stones as well as plain jewellery. Manufacture and export of polished diamonds. 'Su-Raj' is derived from contraction of two names viz. Suresh and Rajnikant, the founders of Su-Raj Group in the early Sixties. It has cruised through the vicissitudes and emerged as a value addition enterprise in quest of the fast lane.Su-Raj Diamonds And Jewellery Limited (Formerly: Su-Raj Diamonds (India) Limited), the flagship Company of the Group was incorporated on 10th September, 1985 as a Public Limited Company. The Company offered its shares to the public in the year 1986 and became the first Company in the Industry opted for Public Issue in India . This was a unique footstep in an Industry where traditional business environment exists. In an industry where market reputation is the key asset, the company has carved a niche for itself with its professional set-up and transparent operations. This aspect distinguishes Su-Raj from all other Companies in the Industry. The Company is an Industry leader in inculcating professionalism in the Company's management and operations and has instituted computerized management information systems. Moreover, the Company is consistent in upgrading these systems in line with technological developments. The Company's operations are universal in scope and global in spread covering all facets of diamond and jewellery manufacture and trading in rough and polished stones, at all key locations worldwide. With the state of the art manufacturing facility coupled with high expertise of craftsmen the Company is able to create the finest jewellery exquisitely studded with sparkling diamonds. Robust infrastructure facilities of the Company with self sufficient manufacturing capability makes it a distinct and a major force in the Industry. During the successful operations of over two decades the esteemed clients of the Company have admired and appreciated the excellence as well as the constant endeavours to make the products continuously surpass the Industry standards. The Company identified the tremendous potential of the jewellery business and expects to be able to grow in multiples in jewellery. Possitive Points for this stock for Up moving: 1) Company doing very good; Company in Diamond and Jewellery manufacturing. 2) Mumbai Bulls and Operators are accumulating at current price. Daily above 70% delivery Positions. 3) Company given very good results EPS 9.5/- PE only 4 for this year 2008-09; 4) Company Projected EPS for 2009-2010 is 15/-as per this PE just 3; Industry PE 12 as per this stock will go to minimum 100/- ++++ 5) Good Dividend paying company Every year 20% dividend giving. 6) Good valueable Property and assets in Bangalore , Kalkatta , Cochin , Surat , Chennai, Goa and Jodhpur . 7) Good Book value at 165/- Enter current price at 38/- Short term Target 65/- & 85/-Medium Term Target 125/-Strong Fundamentals. |
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