This Mumbai based wine company has become the most famous wine company in India with some very well-known brands. Company reportedly holds 2000 acrs of land for grape growing purpose. Equity is 15.27 crs. In 2007, its share price had crossed even Rs 800/ as company was growing rapidly and had chalked out ambitious global plans. For 08-09, company had reported PAT of 39 crs translating into EPS of 25.20. Company has not yet declared results for Q4.However, EPS for trailing 12 months is 20. It share price had crashed as some FIIs started selling desparately and its overseas forays were proving big burden on company's financials.
Now, company may either drop or go slow on overseas expansion plans. It has also done cost cutting in domestic market by closing down some of the offices. It is reliably learnt that some big investor or a foreign firm may acquire 50% stake at extremely high valuations. Current
market is just 165 crs. Investors can buy this scrip immediately. Dont be surprised if share prices regains its past glory and crosses Rs 300/ mark in next 6 -8 months. A strong buy.
No comments:
Post a Comment