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Best Buys
Guys, i want to share some of good stoks as best buy in this mkt...
plz let me know ur viws also..
1.SATHAVAHANA ISPAT LTD
Current : 40
Target :105 within 6 months
* The company has recently commissioned 300000 MT coke oven battery ( recovery type) with stam charging.
* They are establishing 30 MW power plant based on wate heat generated on carbonization of coking coal to coke. The project will start on 25th August 07.
* Sathavahana Ispat is in the process of getting Carbon Credit of Rs.10 cr/ annum.
2. RANBAXY LABORATORIES LTD.
Current: 370
Target : 575 within 4 months
* There is a settlement of a major family dispute.
* Ranbaxy commercialized its first Authorized Generic product Isoptin SR (Verapamil SR) in the US market. Verapamil, a calcium ion antagonist or channel blocker, is indicated for the management of hypertension and angina. The generic market for Verapamil SR is worth $122.2 million (IMS - MAT: December 2006) with limited competition primarily from 2 other players.
* Ranbaxy has reached an agreement with GlaxoSmithKline (GSK) to stipulate a dismissal of their US litigation with regard to Valtrex® (Valacyclovir Hydrochloride tablets). Under the agreement,Ranbaxy will launch Valtrex tablets in late 2009 in US with 180 days exclusivity. The total annual market sales of Valtrex were around USD 1. 3 Bn ( source IMS)
* According to Zee Business News, Ranbaxy is introducing 100 new medicines soon in market.
3. INDO BORAX AND CHEMICALS LTD.
Current : 160
Target : 350 within 6 months
* Their plant of Pritampur which was under maintainance has recently restarted.
* Indo Borax is getting enormous response from the states of Maharashtra and Uttar Pradesh for its product Agro Eco Borax, a micronutrient used in agriculture.
* Their production capacity of boric acid is on rise.
* Now, the share is facing lower level of @ 160 after reaching @ 220. This script was recommended by me @ 40 in December 06. With its target of 350 above within 6 months, its the best time to enter this script.
* The EPS for June quarter was more than Rs.5 and the expected EPS for next quarter is around Rs. 7-8.
4. JAYASWAL NECO LTD.
Current : 17
Target : 45 within 6 months
* Jayaswal Neco obtained permission from Government to sell their huge land property near Nagpur. This amount will be used to zero down the loans on the company.
* They are completely restructuring themselves.
* Soon a power plant is being initiated by Jayaswal Neco.
* There is an increase in production capacity.
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