Buy BHAGYANAGAR INDIA LTD at 28/- Target of 45/- ++++ Within Short Time.
BHAGYANAGAR INDIA LTD Trading in NSE & BSE (CODE: 512296) at 28/- Target 45/- this month; 3 Months Target is 75/-;
BHAGYANAGAR INDIA LTD is Hyderabad Based Company; Equity 14.9 Cr, Promoters having 59% Holding.
Risk free Investment and High Value Stock at current price at 28/- Because company Buy-back is going on at 26/- to 40/-, and good Reserves and Good Land Bank nearly 105/- per share; Any time will go to 45/- minimum.
Recently Company Buy Back Process Started on November 24th 2009 between 20/- to 40/- for 50 lakhs to 1 Cr shares and already bought 30 lakhs shares between 26/- to 31/- (check nseindia dot com for details) Total Allotment money is 20 Cr . Now will start move up to 40/- to 45/- within 2 weeks time.
Just Buy at 28/- and hold 2 weeks will get 50% Return. Current Market situation Its risk free Investment at 28/-.
Some good News coming-out soon. Buy happily and get 50% return minimum short time.
Check all Buy back Stocks all are get 300% to 500% compare to buy back rate. So Just buy and Hold and watch and sell with 50% return minimum.
Bhagyanagar India Ltd., the flagship company of the group has diverse business such as copper products, Jelly Filled Cables, Real Estate & Infrastructure. The company is also into Wind Power generation with an installed capacity of 12MW in Karnataka.
The major clientele for these cables are Bharat Sanchar Nigam Ltd and Mahanagar Telephone Nigam Limited. The Company is also supplying its products to Railways Defense and other Public/Private Sector organizations.
Company doing very good profits and 30% dividend Paying company and good Reserves and good Book Value and good Valuation of Land Bank. Because of good reserves company doing Buyback at 40/-.
Bhagyanagar India Ltd has Huge Land Bank
1) 25 acres of land in Gachibowli, IT Coridor, Hyderabad.
2) 5.5 acres of land in Uppal, Hyderabad
3) small pieces of land in Shamshabad, Hyderabad
4)3-4 industrial plots in Nacharam, Hyderabad
5) Huge Industrial land in Goa.
6) 50 acres in SEz in sricity near Chennai
7) 40 % stake in Surana ventures Ltd
8) 58 acres Near Vizag
Based on general information generated on net I feel these properties other core copper bussiness should be valued at 700 cr conservative basis.Copper bussiness shgould have Mcap of 100 crores.
So Conservative net assets of the company should be at 800 crores. which comes at 105/- per share.
However considering Management is of not so high credentials and small size of company it should be valued at 50 % of Net asset value atleast.So share price should be 55/- Rs minimum. But co interested in buyback so operator dares to get in the stock. However as soon as some operator gets in share price might fly to 45 + levels.
Ignore Current Market fluctuation. Just Buy at 28/- and hold Short term will get 50% Return. Current Market situation its risk free Investment at 28/- with target of 45/- ++++++++++ Minimum. 3 Months Target 75/-
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