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Wednesday, September 26, 2007


HPCL is a grossly undervalued stock in the currently hot and happening Oil & Gas sector. This has been largely due to APM (administered pricing mechanism) of the govt. Once APM is dismantled, this stock can sky rocket. Even otherwise, the stock is grossly undervalued and underowned. With previous year EPS standing at 75.65, this stock deserves a price of at least rs. 750. Compare that with its current mkt price and there is a lot of room for appreciation. Also there is a huge valuation gap between HPCL and its peers like RPL after a major rally in RPL, RNRL and other refinery/energy stocks. HPCL definitely deserves a re-rating upwards and market participants seem to be slowly realising this now.

Thursday, September 6, 2007


DCM SHRIRAM CONSOLIDATED Ltd. is a diversified company operating in the Agri (Fertilizers, Bioseeds, Chemicals etc.), Cement, Sugar, Rural Retail business. Fenesta Buildings systems (UPVC Window and Door systems pioneered by DSCL under the ‘Fenesta’ brand ) is a new addition to their portfolio with great growth prospects. The company has recently received Rs. 837 crores from the sale proceeds of its Mill land in Delhi to DLF. This windfall will make the company debt free. The company has cash alone of approx. rs. 100 per share. The company has also declared an interim dividend of rs. 3 per share. This stock is a multibagger in the making.