Tuesday, July 24, 2007
Investment Pick : SATNAM OVERSEAS (KOHINOOR FOODS)
Satnam Overseas (Kohinoor Foods) presents excellent value for money at current mkt price. Having posted an eps of rs. 11 plus for 2006-2007, this share is trading at a very low single digit PE. Dividend of 10% has also been declared. Since this company is primarily in the exports of Basmati Rice and other Processed Foods, the stock price is currently depressed because of the depressed dollar value against the rupee. But going forward, the future should be good for this company. Excellent BUY at current levels and one can expect minimum 50% appreciation within one year.