One of the leading independent steel processor in India. Engaged in producing value added products.Emerging as a one stop shop for all flat steel users.
- Cut in export duty on flat steel will benifit uttam
- Setting up a 300MW power plant which will help further in redusing production cost.
- One of the few companies in which FIIs 've increased their holding from 1% to 8% in last six months
- Revenues are expected to grow at a CAGR of about 25% over FY07-09 considering huge capacity expansion and favorable demand for company’s products by the user industries.
- Trading @ P/E of 3.7. Below its book value of 51.
- 52 wk low - 30 high - 86
Risk : Company's profitability may get affedted due to rise in scrap / logistic cost / zinc prices. Company s likely to pass on this ot its customer.
Buy for med to long term.
Target 58+
2 comments:
Made and intraday high of 55.5. Likely to cros the tgt by this month.. ;)
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