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Thursday, September 17, 2009

HOT PICK: PSL LTD. bse code: 526801

PSL manufactures and supplies spiral welded pipes conforming to American Petroleum Institute (API) standards for oil, gas and water transmission, as well as structural and piling applications for both onshore and offshore sector.

Its subsidiaries include PSL Corrosion Control Services Limited, Pipeline Systems Limited and PSL USA Inc. PSL USA, Inc. and PSL-North America, LLC.

According to sources, the conglomerate expects to establish a large share of the proposed gas pipeline network to be built by GAIL, GSPL, and other domestic players, who have announced proposals to construct pipeline transmission networks worth over Rs 20,000 crore.

PSL's annual pipe manufacturing capacity presently stands at 1,475,000 million tonnes per year.

The Promoters' shareholding stands at a very healthy 49.13% and the PE ratio is only around 8 at cmp of 179. Its Market Cap vs Sales is very attractive as compared to its peers. PSL has a market cap of 700 crs whereas the sales stand at around 3600 crs, which means Sales are around 5 times of the market cap. Now compare this with its peers like Welspun Guj whose market cap is around 4700 crs and Sales of 5800 crs, which means sales is 1.2 times market cap. Another peer Maharastra Seamless has a mkt cap of 2000 crs and sales of 2100 crs, i.e. sales is 1.05 times mkt cap. So as compared to its peers, PSL Ltd appears to be grossly undervalued.

The share is trading at a deep discount to its Highs of around Rs. 555 in December 2007. Very recently, fund house Citigroup Global Market (Mauritius) Pvt Ltd increased its stake in PSL Ltd to 5.38 per cent. The future looks very bright for this company and we can expect this stock to eventually make new highs like peer Jindal Saw is currently making.


Saturday, September 12, 2009

Want to see me on BIGG BOSS SEASON 3? Then SMS BB {SPACE} NAVIN BAJAJ TO 56882

Hi friends,

Hope all of you are doing well and benefitting from my calls. There is some piece of news for you. If you would like to see me in the BIGG BOSS' House this season on COLORS TV channel, then please SMS your vote for me by typing BB NAVIN BAJAJ and send it to 56882. Send as many SMSes as you can if you'd like to see me as one of the housemates of Bigg Boss (Indian version of the International show Big Brother) house this season. As you might be knowing, this season the host of the show will be Mr. Amitabh Bachchan. So kindly SMS your vote for me.


Friday, September 4, 2009


Compact Disc India Ltd has informed BSE that the Board of Directors of the Company at its meeting held on September 04, 2009, inter alia, has recommended Dividend @ 20% i.e. Rs. 2/- per share for the financial year 2008-09 which shall be finally declared in the forthcoming Annual General Meeting to he held on September 30, 2009.