Value Buy Sterling Biotech Ltd. at 109/- with target of Rs. 175/- & 350/-.
Buy Sterling Biotech Ltd Trading in NSE(Code: STERLINBIO) & BSE (CODE: 512299) at 109/- with Target of 175/- & 350.
Stock name : Sterling Biotech Ltd (Trading in NSE & BSE CODE: 512299)
Equity : 25 Cr
Book Value: 79/-
Reserves : 2,150 Cr (Per share 89/-)
Net Assets : 1,950 Cr
Promoters Holding : 39.9%
Dec 2009 (12 Months) Income : 1,447 Cr (Expecting Income for 2010-11 is 1,957 Cr)
Net Profit : 236.9 Cr (Expecting NetProfit is 357 Cr for this year EPS 15/-)
Dividend declared : 50%
Risk free Investment and High Value Stock at current price at 109/- Because company is in Pharma and tarding with less PE for good company Brand, and good Reserves and Good Assets nearly 195/- per share; Any time will go to 175/- & 350/-.
Estimated EPS for this year for Sterling Bio tech is 15.5/- (Annualised) . Avarage PE of Industry is 24. As per this company Share Price will go 350/- +++ for Long term.
Market will very Strong in this month NIFTY will go 5450 and Sensex will tocuh 18500, Now Buy Midcaps, Soon will come Midcap rally, Buy Good Fundamental stocks like Sterling Biotech Ltd . Risk free Investment, Good Valuable stock at 109/- with target of 135/- and 175/- soon.
Sterling Biotech Ltd has informed BSE that pursuant to Clause 6.3.26 of the Offering Circular dated May 14, 2007, the conversion Price of USD 250 Million Zero Coupon Convertible Bonds (FCCB) due 2012 as on May 15, 2010 (Reset Date) has been reset at Rs. 163.13 /-.
So Company Share Price is minimum 163/- will touch this rate soon…..
In 1995, STERLING GELATIN and CRODA Colloids, a world leader in Gelatin technology, entered into collaboration agreement to set up brand new Gelatin manufacturing facility in India. The company since then set up the most modern world class facility employing the latest innovations in technology for manufacture of Gelatin managed by high caliber professionals in the industry.
Sterling Biotech core business is the manufacture of gelatin for pharmaceutical and edible uses where we have established a worldwide reputation for supplying high quality products against very demanding specifications.
Gelatin (derived from the Latin word `gelatus'= forzen or stiff) contains 80-90% protein and is not only used extensively in the pharmaceutical, food and photographic industry, but also in such diverse industries as cosmetics, metal refining, paper, plastics and toiletries.
The raw material for gelatin is the naturally occurring protein, collagen, which is commercially sourced from meat and leather industries. From its earliest rudimentary culinary uses, when boiled up into broth, which when cooled produced a nutritious jelly, gelatin is now manufactured on a commercial scale to stringent technical specifications to meet the demands of variety of industries. Like its parent material, collagen, gelatin is made up of many different amino acids which are the building blocks of all proteins.
Bloom value is a measure of the gel strength of a particular type of gelatin indicating the firmness of the gel. Different bloom strengths are required for different applications and must be considered together with other performance characteristics when selecting a suitable grade of gelatin.
See My calls from last 3 months 1) Moldtek_Plastics gvien at 35/- 1month back today 65/- 2) SE Investments given at 185/- Now 900/- 3) Bihar Tubes gvien at 58/- Now 135/- 4) PonniErode gvien at 58/- Now 175/- 5) Surya Pharma given at 90/- Now 185/- 6) RPG Lihescince given at 23/- Now 105/- 7) Sanjivani Parental given at 22/- Now 55/- 8) Comp-U-Learn gvien at 3/- Now 25/- 9) Vikas WSp gvien at 19/- Now 37/- 10) Natco Pharma given at 47/- Now 205/- 11) ICSA given at 57/- Now 185/- 12) Mic Electronics given at 21/- Now 47/- 13) Techtron Poly given at 12/- reached 25/- 14) Guj borosil given at 11/- reached 21/- 15) Pochiraju Industries given at 11/- Now 23/- 16) Uco bank given at 27/- Now 89/- 17) NavaBharat given at 90/- Now 435/-
Today My Call Mirc Electronics Ltd given at 15/- Today touched 24.5/- means 65% appreciation in 3 months time.
Estimated EPS for this year for Sterling Bio tech is 15.5/- (Annualised) . Avarage PE of Industry is 24. As per this company Share Price will go 350/- +++ Long term.
Total Value of this company Share value was Rs. 350/-. Just Imagine company share price where to going in this year…… Just Buy at 109/- Hold 1 to 2 years time. You will get minimum 100% to 400% returns.Enter current price at 109/-Target 175/- & 350/- .
Just invest and get 100% to 400% profit.
Possitive Points for this stock for Up moving:
1) Company doing very good with EPS 9.9/- for 2009-2010 and Expecting EPS for 2010-2011 is 15.5/- PE only 7; Avarage PE for this Industry is 23.9 for good Brand company, Sterling Group is very so if we calculate with PE 23 Share price will touch 350/-
2) Daily Accumulating Big Big Players because company Stock having good Value.
3) Sterling Biotech Ltd has informed BSE that pursuant to Clause 6.3.26 of the Offering Circular dated May 14, 2007, the conversion Price of USD 250 Million Zero Coupon Convertible Bonds (FCCB) due 2012 as on May 15, 2010 (Reset Date) has been reset at Rs. 163.13. So as per this share value is 163/-
4) Company Having good Reserves and Asstes per share its coming above Rs. 175/-
5) Book Value was 79/- Good Reserves 2150 Cr.
6) Good Dividend paying Company; Every year 50% Dividend giving.
7) Promoters Holding is good 39.9%
Enter current price at 109/- Short term Target 175/- Long Term Target 350/-
Strong Fundamentals. Just Buy at 109/- get 100% to 400% Profit.
Happy Investing...
Regards
--- Mumbai Bulls
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