JK LAKSHMI CEMENT LIMITED
JK LAKSHMI CEMENT LIMITED has been posting solid results for the last five quarters in a row. The nine months Cash EPS till December, 2007 stands at 43.21 as against 27.57 for the same period previous year. At current price of 171, this stock is trading at a PE of a mere 3.6!!! The fair value of this stock should be three times the current market price at least. Long term investors can look forward to targets of 500 plus in the next one year. The company has also declared an interim dividend of 10% and record date for that is 30th Jan, 2008.
If ever there was an undervalued share in the stock market, this is the one. Must Buy.
GODREJ INDUSTRIES
GODREJ INDUSTRIES will stand to gain immensely from the recent repeal of Urban Land Ceiling Act of Maharashtra. They holds a large piece of land in Vikhroli, which can be develop. They can expect a rental income alone over 100 crores annually. According to sources, the company is holding 82.88% stake of Godrej Properties P. Ltd. which is holding 51% of Godrej Realty P. Ltd. and 100% of Godrej Waterside Properties P. Ltd.
These companies are developing an IT Park at Kolkatta and a Residential Project at Thane. There is also a buzz in the market that Godrej Poperties will be coming out with a public issue soon. This and the company's foray into real estate in a big way will result in huge value unlocking for Godrej Industries. At the time of writing this, the stock was trading at the lows of 359.40.
It can turn out to be a Multibagger investment for long term investors
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