Monnet Ispat & Energy Ltd (300.00)

Monnet Ispat (MISP) operates a 0.86mtpa sponge iron plant, a 0.3mtpa steel plant, and a 230MW captive power plant in the mineral-rich state of Chhattisgarh. Its 0.5mtpa sponge iron and 90MW captive power plant is strategically located close to its coal mines in Raigarh. Though it has a small steel making capacity in Raipur, MISP generates most of its earnings from the production of sponge iron and sales of surplus power from its captive power plant. It sells 90-100MW of surplus power on a merchant basis. Its sponge iron margins are superior due to the benefit of captive coal mines.

Key investment arguments
Monnet is setting up a 1.5mtpa integrated steel project at Raigarh, with a capex of INR38b, which includes a 0.61mtpa blast furnace, a 2mtpa pellet plant and a 0.4mtpa coke oven plant. Most modules are expected to be commissioned by Oct-2012.
 

 MISP is venturing into power generation by setting  up a 1,050MW power project near its coal block in Orissa. It further plant to expand capacity to 1,710MW with addition of 660MW unit. 1050MW capacity is
expected to be commissioned in 2HFY14.

http://cmlinks.com/moneypore/profilenew/financial.asp?mainopt=4&cocode=3041

BOOK VALUE :- 325.00  EPS:47.00  CMP AT 300.00 STOCK LOOKS ATTRACTIVE.BUY FOR 10-15% RETURN IN A MONTH

BUY FOR SHORT TERM

 CCL Products (India) Ltd  AT 255.00 TGT 275-300 IN A MONTH


MONNET ISPAT AT 300.00 TGT 350 IN A MONTH


EMAMI AT 492.00 TGT 550 IN A MONTH

Premier Explosives Ltd BUY

Premier Explosives (PEL) manufactures the entire range of explosives and accessories for the civil/defence requirement. PEL’s two plants are located in a mining area (close to Singareni Collieries) in Andhra Pradesh and enjoy the benefit of being close to the end-users. Its two other plants are located at Maharashtra and Madhya Pradesh. It produces solid propellants and critical components that power missiles, including the recent Agni-IV, has expanded its production facilities.
Its product range includes Pyro Cartridges, Special type squibs, Smoke markers, Mob, Control devices, etc., and High energy materials like CL-20, CR Compound and HNS and bulk explosives. The products go to the energy, mining, infrastructural development and defence & space sector.
 

Expansion:
During FY10, an additional facility was commissioned at Neyveli, which started production from October 2009. It also established an 800 kW wind mill in Pushpathur village in Tamil Nadu.
PEL recently completed a new expansion project, with an investment of `10 crore added to its existing manufacturing unit at Peddakandukuru in Nalgonda district of Andhra Pradesh. It will cater to the needs of tactical missiles like the Nag, Astra, Akash, and Pinaka. The present facility for tactical missiles was an attempt to help the country reach self-reliance in defence supplies.

SOURCE :SUNIDHI

Gujarat Automotive Gears Ltd (BUY) cmp (755.00)

Established in 1973 Gujarat Automotive Gears Limited (GAGL), has today become a leading name in manufacture of auto and tractor components in domestic as well as international markets. With its head office in Baroda, the company has grown in magnitude and network both over the years. Marketed under the brand names of KAG, the products of GAGL serve the aftermarket and OEMs in India.

With consistent commitment on superior quality and robust performance of its products, GAGL has earned national and international acclaim and appreciation. Apart from this, a synergistic approach to design and execution, perfect manufacturing processes and prompt after-sales services, ensure matchless quality products & components.

Nearly four decades of industry presence and market leadership, the company has developed an organized network of reputed and loyal clientele not only India, but also in countries like Germany Italy, United Kingdom, Egypt, Sri Lanka, Singapore, Malaysia, Thailand ,Belgium, Dubai, Australia United States of America, etc.

http://cmlinks.com/moneypore/profilenew/financial.asp?mainopt=8&cocode=211

http://www.gagl.net/pdf/audited_financial_results_31032012.pdf

IT HAS A EQUITY OF 35LAKS AND POSTED NETPROFIT OF 3.59LAKS.PAID 500%DIV

BUY AT CMP  755.00 FOR A TARGET OF 1300 IN NEXT 6 MONTHS