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Thursday, October 8, 2009

Hot Pick : Bihar Tubes Ltd. Bse Code : 590059

Bihar Tubes Ltd. is an ISO 9001:2000 company engaged in manufacturing and exporting galvanized steel tubes, galvanized steel pipes and welded black pipes/tubes. They manufacture Mild Steel Tubes, Aluminum Steel Tubes for a range of applications like Mild Steel Tubes for structural purpose and mechanical & general engineering purpose, ERW Pipes for water, gas & sewerage, Steel Tubes for idlers of belt conveyors, water wells and Lancing Pipes for various automotive & industrial applications.

The stock has fallen from its highs of around 216 in Dec, 2007 to its current mouthwatering price of 59. The stock price of this company has been lying dormant for a long time and a technical breakout can happen any time after this consolidation. Religare research had put a BUY call on this stock on 7th May, 2008 when the market price was 151 and they had given a price target of 240 plus for it.
Download the report from here:

So if this stock was found attractive at 151 levels, at current price of 59 it's available at a steal. Seems to be a good investment bet.


PS: I'm glad that one of my recent picks, FCS Software has nearly tripled after I recommended it. Hope you profited from it.