CMP-157.50 EPS -45 Net profit for year 2008-09-107.45cr.
A company with strong fundamentals in Ship Building in race for acquisition of Greatoffshore . A synergy in itself for verticle diversification. With 20% stake acquired at an average price of Rs.339 it can earn the comapny 131 cr even if it sells of the stake to ABG at the present Open offer price. Potential upside of Rs 60 minimum within 10 days from here till open offer lasts.
Tuesday, August 18, 2009
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