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Last Updated : Sep 14, 2011 12:27 PM IST | Source: CNBC-TV18

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SP Tulsian of sptulsian.com gives his views on two stocks, BEML and Asian Hotels West.


SP Tulsian of sptulsian.com gives his views on two stocks, BEML and Asian Hotels West.


BEML


I recommend this stock purely on its valuation. If you see their Mini Ratna public sector unit, they have three divisions; mainly mining and constructions, defense and the rail and metro coaches and all three have good growth potential in the coming times. Performance wise, the company posted a topline of Rs 2600 crore for FY11, with EPS of Rs 36. If you see the first quarter performance also, the EPS is Rs 4 but it has shown a mild growth when compared to the corresponding quarter of the previous years. This is because the company has always had its revenue and income flow in the last quarter and that has been the trend for quite some time.


If you see, the stock has corrected from about Rs 1200, which is its 52 week high, to about Rs 450. Yesterday we have seen some buying in the stock which has made it to move to Rs 470. But the book value of the stock is Rs 500.

So I think this is a very good investment call. One can buy this stock during such a fall, when there is no buying interest because I don

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First Published on Sep 14, 2011 09:42 am
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