ASTERSILICATE - more facts.

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.
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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.

VALUE PICK - ASTERSILICATE

A NEW GEM FOR VALUE is ASTERSILICATE..
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Data from Asian Cerc:
Upto March 10 -Sales Rs.81.67 crs.
Net Profit Rs.4.42 crs.
OPM 20.37% & NPM 7.14%
EPS 4.27..
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Projection by Management on IPO:
Sales Rs.100 crs.
NPM 10%
Net profit Rs.10crs. + CC Rs.10crs.
EPS 10/-.
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NOW it is your choice to buy or not at current price.
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For intraday on 20thAug ...BUY ABOVE 77.45 ONLY
stoploss 76.70 tgt 79.80 & 80.50.....
++Above 79.80, UPPER freeze is possible.
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HAPPY TRADING.