Sep 14, 2006, 11.35 AM | Source:

Great buys @ less than Rs 100 a share

Investors now have the leisure of picking up shares of some of the renowned names in the market today. These well-known stocks are now available at less than Rs 100 a share.

A bevy of midcap stocks are available at less than Rs 100 per share in the market today. Moneycontrol presents an extensive list of midcap stock that were trading below Rs 100 for the week ending September 8, 2006.

Among the companies that are trading below the Rs 100-mark are well known names like Balrampur Chini , Centurion Bank of Punjab , Dabur Pharma , Godrej Industries, SpiceJet, Yes Bank etc.

Centurion Bank of Punjab, which lost 1.17% during the week ended September 8, 2006 is a 'Hold' recommended by Citigroup with a target price of Rs 29.  Biggest loser in the pack is Godrej Industries  which recorded a loss  of 4.24% in the period under consideration. On September 4, the stock was trading at Rs 99.05 and later fell to Rs 94.85 on September 8. The company also registered a 4.24% loss in market cap during the week.

Among the gainers in the week are Noida Toll Bridge and Hotel Leela ventures. Noida Toll Bridge is currently trading at around Rs 37 and according to a BRICS PCG  report  "the growth in revenue both in terms of increase in traffic growth and increase in toll realization augurs well for the future profitability of the company." It has reiterated `Buy' reccomendation with a target price of Rs 59.

Hotel Leela, on the other hand has managed a 19% jump in its share price in the week between September 4, 2006 to September 8, 2006. An India Infoline report on Hotel Leela Ventures has reiterated 'Buy' rating on the stock with a 12-month traget price of Rs 380.

List of midcap stocks trading below Rs 100 on Page 2

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Asahi India Exide Ind Eveready Ind
Essel Propack Essar Steel Hind Motors
Coromandel Int SpiceJet Indo Rama Synth
ISMT Amb Cem East IndusInd Bank
S Kumars Nation Tube Investment Chambal Fert
Escorts FDC Mercator
Centurion Bank Syndicate Bank NFL
Alok Industries Balrampur Chini DCM Shriram
Essar Ports IFCI Berger Paints
Prism Cement Welspun India Arvind
Hotel Leela Vijaya Bank Noida Toll
UCO Bank PTC India Bank of Mah
Jaiprakash Pow Fresenius Kabi Dena Bank
Yes Bank Finolex Ind Godrej Ind
Triveni Engg Pidilite Ind Varun Shipping
Kingfisher Air


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