Monday, November 12, 2007

Short Term Delivery Pick: CHD Developers Ltd.

CHD Developers Ltd. (BSE: 526917)
CMP : Rs. 17.50/-
52 Week High : Rs. 32.1/-
52 Week Low : Rs. 5.85/-
Face Value : Rs. 2/-
EPS : Rs. 2.96/-
P.E.: 5.91
200 Days Simpal Moving Average : Rs. 16.87/-
Trading very cheap at current level as compare to its peers which are trading at 10 to 50x P.E. Multiples. At least at 10x P.E. multiple it's price should be around Rs. 30/- as company continuesly doing well and can do well in future.
Website: http://www.chddevelopers.com/
Sept. Quarter Profit (Sep 07): Rs. 35.84 Million (Profit rises 631 % QOQ)
Year Profit (March 07): Rs. 91.23 Million (Profit rises 323% YOY)
Recommandation: Accumulate (Buy at current Level and at every fall)
Target : Rs. 28-32/- (Short - Med term) Rs. 50/- (Long Term)
(Before investing do your own research)

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