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.
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This was gud tip that 2 at the right time....guess ppl who followed this 1 must have made gud buks.. ;).... still more potential left in the stock... unless the acquisition thing gets over there is lot upside potential in Bharati shipyard... after that price will go north but it will be more of eastern north side of the graph...
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