dkishore
13-12-2007, 04:44 AM
Market sees hidden value in Nagreeka Cap
Have you ever wondered what analysts mean when they say hidden value of a stock? If not, let us explain. The stock of Nagreeka Capital & Infrastructure has been witnessing a massive uptrend over the past one month. It has appreciated more than 20% over the past one week.
According to dealers, Nagreeka Capital is riding high because of its hidden value. As a matter of fact, Nagreeka Capital holds around 0.8% (roughly 43 lakh shares) in Sterlite Industries. If investors cannot afford Sterlite Industries, which is priced at around Rs 1,103, they should buy Nagreeka Capital for a much lesser price, said an equity analyst. Nagreeka Capital ended 3% higher at Rs 160 on the BSE.
Bilpower charges up
The stock of Mumbai-based Bilpower has gone up 19% in the past one month. A large broking house is said to be accumulating the stock of the power engineering company. So far the stock has been lagging the rally in the power sector. The buzz is that company is starting its new manufacturing unit in January, which will result in sizeable topline growth in FY08. They are further expecting the topline at around Rs 750 crore for FY09, factoring the revenues from the subsidiary that it acquired last year. The stock closed at Rs 215, marginally lower from the previous close.
Morepen to be debt-free
The stock of Morepen Laboratories has gone up around 50% in the past one week. The buzz is that the company had a meeting with its 43 lender banks on Wednesday to work out a settlement for its outstanding dues. The company’s dues of around Rs 150 crore are over 5-year-old.
Market buzz is that the dues would be met partly through proceeds from its recent sale of 14.99% stake to an US-based hedge fund Avenue Capital for Rs 80 crore. The remaining Rs 70 crore is expected to be paid by the promoters themselves. The payment process is expected to be completed in two weeks. When contacted, Morepen Laboratories MD Sushil Suri declined to comment. The stock closed at Rs 28, up 10% from the previous close.
Have you ever wondered what analysts mean when they say hidden value of a stock? If not, let us explain. The stock of Nagreeka Capital & Infrastructure has been witnessing a massive uptrend over the past one month. It has appreciated more than 20% over the past one week.
According to dealers, Nagreeka Capital is riding high because of its hidden value. As a matter of fact, Nagreeka Capital holds around 0.8% (roughly 43 lakh shares) in Sterlite Industries. If investors cannot afford Sterlite Industries, which is priced at around Rs 1,103, they should buy Nagreeka Capital for a much lesser price, said an equity analyst. Nagreeka Capital ended 3% higher at Rs 160 on the BSE.
Bilpower charges up
The stock of Mumbai-based Bilpower has gone up 19% in the past one month. A large broking house is said to be accumulating the stock of the power engineering company. So far the stock has been lagging the rally in the power sector. The buzz is that company is starting its new manufacturing unit in January, which will result in sizeable topline growth in FY08. They are further expecting the topline at around Rs 750 crore for FY09, factoring the revenues from the subsidiary that it acquired last year. The stock closed at Rs 215, marginally lower from the previous close.
Morepen to be debt-free
The stock of Morepen Laboratories has gone up around 50% in the past one week. The buzz is that the company had a meeting with its 43 lender banks on Wednesday to work out a settlement for its outstanding dues. The company’s dues of around Rs 150 crore are over 5-year-old.
Market buzz is that the dues would be met partly through proceeds from its recent sale of 14.99% stake to an US-based hedge fund Avenue Capital for Rs 80 crore. The remaining Rs 70 crore is expected to be paid by the promoters themselves. The payment process is expected to be completed in two weeks. When contacted, Morepen Laboratories MD Sushil Suri declined to comment. The stock closed at Rs 28, up 10% from the previous close.