UPDATE ON CONCURRENT INFRA

Concurrent (India) Infrastructure Ltd:-Result updates

Concurrent (India) Infrastructure Ltd.
Code:531261
cmp:8

Results:Concurrent India infra recently came up with its quarterly results which went a tad below  expectation.But investors sensing the strong future outlook of the company kept accumulating which resulted in a tiny 2-3% drop in the stock price.Overall on an yearly consolidated basis the results were superb with profits trebling to 13.8crs and sales rocketing by over 150% to touch 162crs.Concurrent India ended the fiscal 2010-11 with an EPS of 3.2rs.

Vakratund ispat:Vakratund has been a great fit to the existing verticals of the company.Vakratund which was acquired by concurrent some months ago chipped in with 19crs of revenues.Vakratund is expected to contribute around 100-120crs of sales in the current fiscal 2011-12.Vakratund is expected to generate strong cash flows which would help concurrent to expand/diversify in other sunrising areas.

2011-12 guidance:Concurrent is expected to grow by over 50-60% for the next few years.On a consolidated basis its expected to notch up 210-240crs of revenues for 2011-12 with PAT growing by the same proportion.The EPS should be around 5rs which at present prices discounts/ridicules it by 1.8 times.

Concurrent should make a new high within that period if it performs as per its sales and profits guidance.The promoters are diligent and visionary, they just need some time to deliver.In the long run concurrent should make a hell lot of wealth for the stakeholders.

Concurrent India infra remains a company with multibagger prospects.

MULTIBAGGER STOCK RECCOMENDATION - JAI BALAJI IND

Jai Balaji Industries Ltd
Cmp:182 NSE : JAI BALAJI
Book value: 142.00 eps : 8.96
1)The company is going to be a 20000-25000crs turnover company by 2014-15.It ended fy09-10 with a sales of around 1900crs.Well its actually hard to digest the humangous guidance given by the management.
2)The company stunned everyone by announcing a mega investment of 16000crs within the next few years.Aggresiveness at its height isnt it?Its marketcap is a mere 1100crs but who dares,wins-Proverb should get vindicated.Also just check how he is swallowing his shares from the open market.It gives immense confidence and conviction.
http://www.bseindia.com/Insidetrade_ScripWise.asp?scripcd=532976

3)Jai Balaji, at present is an integrated 1.2 million tpa steel manufacturer.It expects to add 2 million TPA in another 26 months (first phase) and another 5 million TPA in the following 24 months (5 million tonnes steel, 3 million tonnes cement and 1,215 MW power plant in Purulia, for Rs 16,000 crore).So Jai balaji is going to be a 8 million TPA company by 2014-15.At that time it should be the 4th or 5th largest integrated steel company of india with revenues of 20000-25000crs.

Purulia project Phase 1A financial closure recently completed which is a huge positive.Purulia project is one of the largest steel projects in India (5m mtpa steel,1,200MW power), with 100% thermal coal integration, to be executed in modules
to address funding issues. Phase 1A of this project entails capex of Rs 18.7bn and
comprises of 2m mtpa beneficiation, 1.2m mtpa pallet, 0.66m mtpa sponge iron,
70MW power and 0.3m mtpa EAF. The company recently announced financial
closure for this phase 1A - Rs12.3bn debt by SBI-led consortium and balance
Rs6.4bn through internal accruals/fresh equity.

SHORT TERM BUY - MAN INFRA

Man Infraconstruction

BSE: 533169    NSE: MANINFRA  CMP: 135.00

Buy man infra around 134.00 below levels for a short term one to two months target of  151.00 with a stop loss of 126.00

SHORT TERM BUY - PAREKH ALUMINEX

Parekh Aluminex

BSE: 532606    NSE: PARAL  CMP: 254.35

Buy parekh aluminex around 253.00 for a short term target of  277.00 in one to two months. add more if falls below 253.00

SHORT TERM TARGET HIT - MAN IND

MAN INDUSTRIES recommended at 79.00 on april 29th , (just  before last week) for a short term target of  93.00. stock touched 103.00 today ( 30% returns.) in just eight sessions.

TARGET HIT IN TWO SESSIONS - VIVIMED LABS

vivimed labs recommended at 288.00  yesterday, hit the target in just two sessions . stock touched today 309.00 more than my target of 304.00.( 7 % return).