ASTERSILI is a cash rich co. having
Rs.53.10 crs. from its recent IPO..
Today's market capitalisation is
Rs.109.53 crs. out of which 49.8% shares
belong to promoter.
**
It is serving to food, detergent and oil
drilling industries by supplying required &
own manufactured silicates.
ROCE is 36.9% till March 10.
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PROJECTED EPS is 10 and Return on
Mkt Cap is 20% expected.
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So it is a value pick at current price of
Rs.73.70.
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Technically it looks, the stock has completed
the downtrend and sideway movement has
started. In low Qnty. it can be bought for
investment for short-term. Target is 123/-.
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HAPPY TRADING.
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