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Stock Ideas Multi Bagger Stock Ideas Bongaigaon Refinery Value Buy
Stock Ideas Multi Bagger Stock Ideas Bongaigaon Refinery Value Buy 
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By Andrew Mickey Chief Investment Strategist, Q1 Publishing It’s a bear market…bordering on panic until a $700 billion Band-Aid finally stopped the bleeding…and most investors have been paralyzed. They feel there is nothing they can do. But that‘s not necessarily the case. Yesterday two colleagues told me how they are coping with a bear market. I’ll tell you what they’re doing. And then we’ll go over the single best strategy to use now to cope with a bear market. |
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| Bongaigaon Refinery Value Buy |
| Saturday, 28 April 2007 | ||||||||
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Making good reason for my conviction that make this scrip a stock on the move. The dividend yield of BRPL based on its FY06 dividend of Rs 2.7 per share works out to be 6.0%, and I expect the company will maintain its lenient pay out culture in the years to come making my conviction in the scrip a strong buy. At the current price of Rs 45, the scrip is trading at a P/E of 4x its nine-month annualized EPS of Rs 11.13. Looking forward in the years to come I expect profitability to improve further owing to higher refining margins The company has in its kitty a very vast product range from petrol, diesel, LPG and kerosene, I am of the belief this will have impact on its earnings and I expect this scrip to out perform the index. The stock seems to have bottomed out and no where to go from these levels but up and volumes are showing signs of a bullish sentiment lurking under cover.
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