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Friday, November 9, 2007

ALPS INDUSTRIES : DEEPAWALI PICK

Alps Industries is a gem of a stock currently trading at dirt cheap prices. It has delivered a half year EPS of rs. 5.52 and projected EPS for full year is 11-12 rupees. The company is the owner of the well known Vista brand of window dressings and its book value is nearly 88 rupees. The stock is currently trading at a huge discount to its Book Value around the price of 46-47. In my opinion this company deserves a PE rating of at least 12, so Fair Value of this stock should be 12x12=144. It is reported that Clearwater Capital Partners has bought 3 lakh shares at Rs 47 per share (1.54 % stake) very recently. Promoters of the company and FIIs have upped their stake in the company considerably during the last one year. Alps Industries presents a huge upside potential from current levels.

10 comments:

JAIMON said...

Hi Superstar,
Alps is rocking. Thanks

dilip said...

hi,superstar,first time i am sending msg to u. I am actually very new and wants to know the short term tgt for AlpsIndustries. Wants to invest only 10K.pl advice Regards.Dilip Nilekar

Superstar said...

Hi Dilip,

In a bull market, there are no targets. One can keep holding a stock with a trailing stop loss/profit lock. Technically, if this scrip closes above 57, then next important level will be 72. In the long term, of course, the stock can do much better depending upon the company's earnings performance.

GOPAL KRISHANA said...

Realy Alpas is rocking

Ambrish said...

great going superstar
alps is rocking!! Thanks for suggesting this gem!! :)

DEEPAK DINDORKAR said...

hi superstar
BAD NEWS for ALPS IND , clearwater capital sold shares of alps industries worth of rupees 3 crores , thats why stock is not moving what is ur comment for more information watch ndtv profit.
regards
deepil2003

Prativa Satpathy said...

Hi Superstar,
Thank you very much that you have added me to your website. Actually I had bought 200 shares of Alps Industries in Nov’06 @ Rs.70.80 (average price) as per the tips given by ICICI Direct. I want your suggestion that should I add more in CMP/hold/exit.
Regards,

Superstar said...

Hi Prativa,

Welcome to this site. Alps Ind was first recommended by me at 47 level after which it ran to around67 within a couple of weeks. This stock becomes a buy every time it goes near 50 levels. Right now it is in no man's land. Neither here nor there, technically. The important technical hurdles this stock has to cross in order to have any sustained upmove are 67 and 72. In the long term, this stock should trade in three figures if it maintains the current earnings figures.

Cheers!

deep said...

hi superstar
i am having 300 shares@270 ,its rocking i do hope it will be triple from here what u think sir
kindly reply
regards
deepil2003
deepak dindorkar

RAMINDAR said...

I bought 2500 Shares @ 62.5 . Today's fall of over 15% is quite difficult to understand . Your views ?