Hot buys for the short term (22/08/2005)
Buy SILKTEX and LAKSHMI COTSYN: SILKTEX can hit some Upper Circuits in coming days because some big Fund Managers are interested and tracking the stock. They will enter the Silktex very soon.
SILKTEX (Bse- 526835): A Value Buy
Latest edition of Dalal Street has recommended SILKTEX as a low-priced VALUE PICK.
FY06 estimated EPS rs.8-10, Proven track record, Last year dividend Rs.1.5, Huge expansion, modernisation of machineries has begun. Best Silk exporter Award winner. Production capacity is increased by 75%. Order book is full for next three years! Highly undervalued and Best Dividend Yield stock.
It can easily cross 120 mark and if any big Mutual Fund enters then one cannot rule out rs.150 mark within 2 months.
Buy Silktex in bulk and forget it for 3 months.
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LAKSHMI COTSYN (Bse- 526049): BUY
FY06 estimated EPS rs.15, Huge expansion, Cosistent performer, great news on card. Stock is undervalued. Orders from Defence sector expected. Export orders are booming. Company is thinking of bringin Public issue with price of rs.180 (CMP around rs.100) !
Buy LAKSHMI COTSYN.
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Buy Sure Winners- SILKTEX and LASKHMI COTSYN.
(The views are solely mine after my homework so do your own homework before investing.)