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Shabbir is an online entrepreneur in the field of Internet Marketing and is devoted to optimization and usability of his websites. Apart from doing trading he blogs about Internet Marketing Tips @imtips.co

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Investment idea – Buy Visa Steel

February 6th, 2008 • Related • Filed Under

ICICI Direct recommends to buy Visa Steel (VISST)

Current price Rs 48.80
Target price Rs 71.70
Potential upside 46.9%
Time Frame 12-18 months

EPS (FY08E) Rs 2.8
EPS (FY09E) Rs 7.45
EPS (FY10E) Rs 9.15
RATING Outperformer

Visa Steel posted robust growth in earnings Q3FY08, mainly driven by increased sales volume from higher margin products such as coke and ferro chrome. Net sales grew 54.03% to Rs 196.31 crore against Rs 127.45 crore in the corresponding quarter previous year with the share of manufacturing and trading sales each contributing 50%.

I managed to held on to the stock at much higher than current market price but would definitely love to have around 40% growth to the money I invested. I would suggest you to read the My Disclaimer before doing any investing in the stock.

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