The Stock market as observed consistently under our newly recommended column flared up to a 14 month high amid all bearish outlooks forecasted by technical experts on time to time.
BSE sensex hitting a new high near to 19K in intraday session on 21st Sept gaining atleast by 403 points at 18,752 giving a sense of relaxation to investors. CNX Nifty which is scheduled to hit 5,800 shortly closed higher by 136 points at 5,691.
Small & medium term investors are still looking confused as stated last week with several of small caps stocks yet not joined the bullish trend but will follow soon no sooner BSE & CNX Nifty crosses 19K and 5.8K margin.
Readers who have taken position in my recommended stocks such as HindalCo, Tata Steel, SAIL, and ARVIND; stand to have been benefitted by nearly 15% on week on week basis.
SARDA ENERGY & MINERAL the company is listed in both BSE & NSE under CodeNo.946886 & SEML
The company deals in steel – having various plants right from iron ore and coal mining, pellets, sponge iron, bullets, wire rods, ferrous alloy with sufficient power generation of its own to meet the requirements.
The company’s turnover of all these is Rs 1100 Cr & EBIDTA Profit Rs 238 Cr. Higher interest cost of Rs 45 Cr, Depreciation and taxation Rs 63 Cr the net profit for the financial year ended 31-3-12 is Rs 115 Cr giving excellent EPS of Rs 32 to Rs 10 pad up share on equity capital of Rs 36 Cr is backed by hefty reserves of Rs 772 Cr. Book value is over Rs 215. Yet the share is traded at Rs.120 but investors have no knowledge of such blue chip pearls.
The stock had hit high of Rs 430 two years back and slided below Rs 100 despite no merit in the stock was not lost during this period except sentiments turned bearish.
Debt despite huge Cap-ex plan is over 0.64 & P/E ratio is most negligible viewers may buy the stock without any hitch to gain nearly 50% in short and 100% on long term basis.
THANKS TO ALL VIEWERS
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