Add 3% weigtage of this stock tomorrow at 830-860 range.Q1 results show almost 100% raise in sales and 250% raise in net profit on YoY basis.On QoQ basis, net profits are up 7%.TTM EPS now stands at Rs. 62 which discounts the CMP Rs. 850 by just under 14 times.Look at the dividend they paid this time. 25/share.How can we miss this stock?
Now @ 850+. Sell 50% of your holdings. Purchased a year back at Rs. 500. Cost reduces to Rs. 150
Stock up more than 75% in 1 year. Still a hold.
We purchased this stock at 500 on June 5th 2010. Now the stock is at Rs. 780.
TTM EPS stands at Rs. 50 is discounted 16 times.
Hold the stock as of now.