ROCKET STOCK.... LOKESH MACHINE Limited

Dear ALL,

ROCKET STOCK.... LOKESH MACHINE Limited (128/-) (10/- Face Valueshare) TARGET 300/- STRONG BUY, DON"T Miss it. It will touch 300/-Don’t Sell before 300/-
Quoting BSE & NSE ।LOKESH MACHINE Limited Trading in BSE & NSE at 128/- in B1 Group.10/- FaceValue. Target 300/- Strong Fundamentals. All MumbaiBulls daily aquiring this shares. Check the delivery base daily.

Equity 11.6 Crores. Promoters holding 61% shares.Mutual Funds 2% (Sundaram BNP Paribas Mutual Fund 2%) ,Financial Insti. & Banks 4%,(United India Insurance Company Ltd 3%),Corporate Bodies 13%Public share holding only 20%.
LOKESH MACHINE Limited Hyderabad based company.Public Issue came in 2006 April at 140/- All time high of this sharewas 300/-
Lokesh Machines Ltd. is engaged in the design, development andmanufacture of custom built special purpose machines and generalpurpose CNC (computerized numerical controls) machines along withtheir components. Presently, it derives 70% revenue from machiningdivision whereas rest 30% comes from auto component division. Companyprimarily caters to customers in the auto OEM, auto ancillaries andgeneral engineering space. Hence it supplies mainly to Tata Motors,Bajaj Auto, Force Motors, Cummins, Bharat Forge, Kirloskar OilEngines, Everest Kanto Cylinders etc with separate dedicatedfacilities for M&M and Ashok Leyland. Off late, it has also made aforay in the overseas markets with orders from M/s FPT Industries Spa-Italy, Honda Motorcycles-Japan and HOWA-Japan. Further, its technicalpartner Wenig Wemas-Germany has also placed initial order of 100machines worth 20 cr. For the latest Sept qtr, sales grew by 25% to28 cr and Net profit increased by 50% to 3.40 cr. To fund its growthplan company came out with an IPO at Rs.140 per share in April 2006and raised Rs.42 cr. On listing day it hit a high of 300 Rs, whereasand currently it's available at 15% below its issue price. For FY08it is expected to clock a turnover of 110 cr and PAT of 18 cr whichleads to an EPS of 15 Rs on equity of 11.80 cr. Scrip can easilyappreciate to 300/-. Minimum PE of this industry 15/- maximum 30/- Ifwe can calculate according average 15 * 22 = 330/-
One more Important news is Company having good Land Bank in HYDERABAD(Balanagar). This cost nearly 200 Crores. Equity 11 Crores. (1.1Cores shares) Per shares its coming 200/- worth land.Book Value 75/- Total Value 275/-
But current rate 128/- was very cheep. The management is very goodreliable .Target was 300/-. Company having very Strong fundamentals. Yearly Low87/- High 157/-. All time high 300/-.All MUMBAI BULLS aquiring this shares daily. See the delivery of hiscompany shares.
Enter current price at 128/- Target 300/-Just invest and get 100 to 200% profit within 1months time.Strong Fundamentals.
Operator was Southern Boitechology( 11 to 50) & Balaji Distilaries( 8to 50/-

Happy Investing... WISH YOU HAPPY NEW YEAR 2008

~Courtesy : India_bulls - Moneycontrol