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BSE Announcements on Ahmednagar Forg
Posted by :
MMB MessengerAhmednagar Forgings Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on December 02, 2009, to consider and approve the Audited Annual Financial Results for the year ended June 30, 2009 and to recommend declaration of dividend....
Its moving towards recent high
Posted by : bharat in delhithis good counter has stagnated inspite good market conditions.these are the type of stocks where one can chance rather than gamble on some of the dabba counters...
Its moving towards recent high
Posted by : GuestNow its time to retrace the recent high around 78...
Ahmednagar Forging....... A great fundamental value buy...... PUP
Posted by : pup
Q
Amtek Auto Ltd
17 Nov 2009, 0424 hrs IST
Recommendation: Buy
Last Close: Rs 194.70
Target: Rs 214
Stop Loss: Rs 182.5
Having completed 50% retracement of its previous wave up, the stock has started rising again smartly with robust build-up in volume. Both Relative Strength Index (RSI) and DMI indicators are on the rise.(Source: The ET)
UQ
Higher the stock price of amtek auto. higher capital appreciation shall happen post merger making ahmednagar forging a great buy at the current levels. Three cheers.
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Ahmednagar Forging....... A great fundamental value buy...... PUP
Posted by : GuestIts now Ahmednagar turn to move up. Soon, there going to be good news coming....
Ahmednagar Forging....... A great fundamental value buy...... PUP
Posted by : pupThe market is heading towards rising trend and as such one must be careful in investing the stock.There are certain stocks which have not participated in the current rally like Cosmo films, orient paper, Ahmednagar forging etc where lot of hidden values is going to unlock in time to come. Cosmo Films whose book value is Rs.134 and by end of this fiscal it shall be around Rs.160 per share making this stock a strong bonus candidate along with good dividend payout. Invest in stocks which shall give good capital appreciation by way of bonus, dividend payment. Its future growth shall grow leap and bound in next two years making this stock a great buy at the current levels. Just buy the stock and hold it for short to mid term for getting minimum 50% capital appreciation. Three cheers.......
Looks very attractive to buy - PE below 6
Posted by :
Shah MB
Mutual Funds Holding - Good
P/E 5.83
Industry P/E 35.55
Sep `08 Dec `08 Mar `09 Jun `09 Sep `09
Sales Turnover 150.52 114.44 125.22 115.53 125.80
Gross Profit 28.19 14.89 33.21 34.17 37.18 ...
Ahmednagar Forging....... A great fundamental value buy...... PUP
Posted by :
dhalpyain a day fluctuate +_4%,and amtek with wch this is going to get merged is almost stagnant at 1.5%,it shows ahmed once break on merger date it will zoom and amtek will cool...
Ahmednagar Forging....... A great fundamental value buy...... PUP
Posted by : pupYes it is a great buy under all circumstances....
Ahmednagar Forging....... A great fundamental value buy...... PUP
Posted by : bharat in delhidear pup,it sure is a good buy at present levels.the indian auto industry has performed hndsomely and i see no reason for it to change track,regards...
BSE Announcements on Ahmednagar Forg
Posted by : MMB Messenger
Ahmednagar Forgings Ltd has informed BSE that Allotment Committee of Board of Directors of the Company in their meeting held on November 09, 2009 has allotted 18,30,000 Equity Shares upon conversion of warrants into equivalent number of equity shares of Rs. 10/- each at a premium of Rs. 37/- aggregating to Rs. 8.60 Crores to the promoters group Companies by way of Preferential allotment.
Further the Convertible warrants issued by the Company are exercised by the allottes within the currency period of warrants which were allotted on July 08, 2009 in terms of Chapter XIII of the SEBI (Disclosure & Investors Protection) Guidelines, 2000. ...
Ahmednagar Forging....... A great fundamental value buy...... PUP
Posted by : pupThe stock closed at upper circiut of 5% and it is best bet for value investors for getting very good capital appreciation in time to come. Three cheers....
Ahmednagar Forging....... A great fundamental value buy...... PUP
Posted by : pupYes, you are right. This is a steal at the current price. More decline, more buy should be the investment strategy. Three cheers....
Ahmednagar Forging....... A great fundamental value buy...... PUP
Posted by :
surenindya
I agree. The discount is very attractive at todays close of 56.50. It is at a discount of 4.5% to even Amtek India. Therefore even if one sells Amtek India and buys Ahmednagar, he will gain 4%.
The down trend of the market will not harm Ahmednagar F holders.
Another stock has become interesting due to merger news. PNB Gilt will merge in PNB by Dec as per official news from PNB.
There is a very good discount vis-a-vis NAV which is about Rs.40/=. Even if the market goes down the NAV of PNB Gilt will not be affected as it is a Gilt fund.
The merger ratio can not give less than NAV chances are it may give little more as PNB trades at double it`s BV....
Ahmednagar Forging....... A great fundamental value buy...... PUP
Posted by : pupDo not forget to add this stock on current correction as buying this stock at Rs.57 levels shall add great value in time to come. Three cheers. ...
