Rocket Stock …. Noida Toll Bridge Company Ltd at 34.5/- With Target of 39/- & 45/- soon……
Noida Toll Bridge Company Ltd trading in NSE (NOIDATOLL) and BSE (Code: 532481) at 34.5 With Target of 39/- & 45/- within Short Time.
Noida Toll Bridge Company Ltd undervalued at this level of nifty.This is going to be the second run short term bull trend which could propel NOIDATOLL to 20 to 30 percent up. .Fundamentally NOIDATOLL is a good stock and its financial health is good.
I will give a buy call strongly at 34.5/- with target of 39/- this week and 45/- by the end of this month. Graph clearly showing uptrend .On Year to year basis result is improving on fast track .Not only this company has improved its financial health drastically .Its Debit Equity ratio has fallen nicely which means company has no credit problem. Further noida toll has negligible expenditure as maintenance charge is not high .
Another good news is that govt has allowed operator to hike toll charge by up to 24 percent of present.further commonwealth game is in oct/nov this year will also increase its revenue in multiple amount. So i think earning of NODATOLL could rise by 40 to 60 percent in current year .I strongly suggest one to buy NOIDATOLL.Downside risk is nothing ....
Face Value 10/-
Book Value 25/-
CMP : 34.5/-
Target : 39/- & 45/- short term.
Noida Toll Bridge was promoted by Infrastructure Leasing and Financial Services Ltd. (IL&FS) as a special purpose vehicle (SPV) to construct, operate and maintain the
Outlook:It should be prudent to note that the company's operating income comprises revenues from the toll it collects and hoardings/advertise
The company is presently constructing a fast link between Mayur Vihar and Noida.The bridge is in an advanced stage of completion and is likely to become fully operational in the third quarter of FY09.It has also access to developmental rights of over 200 acres as part of these projects.
The company has got a huge surplus of land bank,which the company intends to develop over the next couple of years.The value is expected to be immense on account of the very prime location of the land.Once that happens,there is a huge amount of value unlocking that will happen.
Financials:The company has shown strong consistency in both topline as well as on bottomline over the last several years.The trend is expected to continue and with so many developemnts happening,Noida toll may just surprise us on its forward numbers. For 2008-09 Turnover 79 Cr and Netprofit was 33.6 Cr and EPS was 1.85/- Expected Turnover for this year 2009-10 is 97 Cr and NetProfit is 57 Cr as per this EPS 3/- PE 11.
Conclusion:The Government of India as well as many State Governments are laying great emphasis on development of the road network and have drawn up ambitious plans which require the private sector to play a key role in the fulfillment of these plans.I remain very positive on the prospects of the company, driven by the growth prospects of its real estate foray and the Mayur Vihar-Noida link.On valuation parameters the company on an expected EPS of rs 3.5 and PE 9 may look a tad high but with the kind of growth that we are talking about keeps decent scope of good capital appreciation in the coming days.
Good Investment at 34.5/- with Target of 39/- and 45/- within Short term. Because govt has allowed operator to hike toll charge by up to 24 percent of present.further commonwealth game is in oct/nov this year will also increase its revenue in multiple amount. So i think earning of NODATOLL could rise by 40 to 60 percent in current year .I strongly suggest one to buy NOIDATOLL.Downside risk is nothing ....
Hapyy Invest......
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