4394 Investors following Visa Steel. Share this News with them.
0
Like this story, share it with millions of investors on M3
Visa Steel an outperformer: Anagram
Anagram Research has recommended an outperformer rating on Visa Steel. Positive outlook for Coke and Ferro Chrome prices along with the re-start of the pig iron facility should enable the Company to deliver strong financial results in FY2009.
Anagram Research has recommended an outperformer rating on Visa Steel in its August 2, 2008 research report. "Positive outlook for Coke and Ferro Chrome prices along with the re-start of the pig iron facility should enable the Company to deliver strong financial results in FY2009. Additional contribution from the 300,000 Sponge Iron and 50 MW Power plants are expected to flow from Q2 FY2009 onwards, thereby significantly enhancing the revenue and earnings outlook for VISA Steel."
"Moreover, the upcoming captive linkage for raw materials will improve operational efficiencies. Also, the special and stainless steel plant will provide a new dimension to the business model. At the CMP of Rs 55, the stock trades at a P/E of 7x of TTM EPS of Rs 8. We recommend "OUTPERFORMER" rating on this stock," says Anagram's research report.
Disclaimer: The views and investment tips expressed by investment experts on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.
