NOIDA TOLL BRIDGE has huge land bank to the tune of 200acres in Delhi and 30 acres in Noida.Value may unlock once the company gets a development rights from government.Land bank is valued at 1500crores which is impressive angainst the backdrop of 1433crore worth of market-cap.It has repaid its heavy loans and traffic too has risen impressively on DND flyover in last year.Traffic is expected to double in next 1.5 years.Trafffic is likely to surge in FY’09 with opening of Mayur Vihar Link road.Its sales numbers have risen impressively from 22.34cr to 31.56 crore in six months ended September 2007.PAT for the same period has quadrupled from 3.81cr. to 14.74cr.So for the year ending March 2008 PAT can be expected to stand at Rs30 crore level.The EPS works out to around 1.60 level.The company is promoted byIL&FS which provides it a strong backing.The counter can see 135-140 level by 2008 end itself. So traders with an year long perspective can expose their portfolio to the following scrip.
2 comments:
great work go ahead
Gagan i think PSU banks also looks gud in the near term, probably canara bank & IDBI seems to be the top picks in the sector.If market conditions remains healthy canara bank cud again retest its all time high levels of 400-450.
IDBI seems to have gud support around 97-105 so wud recommend to accumulate stock around those levels breakout above 140-145 cud take stock to higher levels.
My 10-12 months target on stock is around 200.
How you feel about these stocks & tell me wats happening in the Auto ancilliary space nothing happening in Amtek group stocks(Amtek India & Ahmednagar forgings showing no signs of breakout)or didn't you track Auto anciliarry stocks.
Disclousure:Have got holdings in IDBI,Canara Bank & even Noida toll.
How Abt yours
Vikram
Melbourne
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