Stock Idea - Germach Infra.
>> Wednesday, August 13, 2008
Scrip: - Germach Infra
CMP: - 88
BSE Code: - 532836
52 Week H/L: - 504 / 78
Market Cap: - 133.84
Target : - 350 (1 year)
Summary: -
Gremach Infrastructure Equipments & Projects (GREMACH) in engaged in the business of providing construction and earthmoving machinery on rent. It provides equipment consultancy and maintenance services to optimize use and reduce costs and also hires equipment owned by other parties to rent them out to clients.
Gremach Infrastructure Equipments & Projects (Gremach Infra) acquired a controlling 75% stake in 11 coal mine licenses in Mozambique in Karoo basin. Mozambique is a prime Hard Coking coal bearing area in Africa.
Financial: -
Its Cash EPS has increased from 6.16 to 7.97With the current EPS of 24.43 and a PE of 3.71 the stock looks reasonably cheap. It looks undervalued. Its June 08 result shows decline in sales but a 200% increase in operating profit. . Its net Profit increased 25% odd.
Why it went so high and now come so down: -
FII's sold out this stock in a large proportion.
Key Positive: -
Gremach Infra has come out with Ipo of group company Austral Coke soon, so it will have to show good performance of Gremach Infra stock.
Undervalued.
Paid dividend of re. 1
Good Long term bet.
Key Negative: -
Has bottomed out like hell. Technicals are not in favour.
Happy Investing.!
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