CMP : Rs. 15.30/-
52 Week High : Rs. 37.40/-
52 Week Low : Rs. 11.20/-
Face Value : Rs. 2/-
EPS : Rs. 3.5+ (approx)
P.E.: 5.00
200 Days Simpal Moving Average : Rs. 16.87/-
News: CHD Developers Ltd has informed BSE that the Company has entered into a development agreement to develop a plot of approx 2.5 acres at a prime location in Haridwar. Company is planning to construct a residential cum commercial complex first of its kind in Haridwar. Total saleable area will be 275,000 square feet approx. Aesthetic architecture and modern design will provide for complete comfort and a pleasurable residential and shopping experience. The complex will be designed for optimum space utilization for its space owners. Latest fire alarm, fire fighting systems and round-the-clock security systems will ensure complete safety of the complex. The complex will provide a reserved area to accommodate parking needs of residents and visitors.The Company is expecting to complete the complex in coming Two years and expecting to generate revenue of Rs 100-105 crores out of the project.
CHD Developers Ltd has informed BSE that the Board of Directors of the Company at its meeting held on February 28, 2008 has allotted 1,00,00,000 warrants and 7,50,000 Equity shares on preferential basis to the allottees belonging to non promoters whose details are given below.
1. Allottees : Bennett Coleman & Co. Ltd- No of Warrants : 25,00,000- Price : Rs 40/-
2. Allottees : Punjab Bulls Investments (P) Ltd- No of Warrants : 75,00,000- Price : Rs 40/-
3. Allottees : DB Corp. Ltd- No of Equity Shares : 7,50,000- Price : Rs 40/-.
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 near future. Also bumper results expected of march quarter.
Website: http://www.chddevelopers.com/Dec. Quarter Profit (Dec 07): Rs. 38.55 Million (Profit rises 25 % 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) (It is recommanded before also at moneybazzar at 17.50/- levels. After that it touched the high of Rs. 37.40)
