You can buy Easun Reyrl Ltd at current price of 230.The stock will touch Rs. 700 in two-three year time frame.
The 8 reasons to buy this stock :1) 100 % growth in profit in last quarter (QOQ)2) Small Equity of just 3.3 crores3) Sound Management (Management declined open offer of 20% stake by Siemens because the Mgmt was confident of delivering better value to the shareholders of the company)4) Available at the PE of 13.5 FY09E (FY08 EPS Rs.53)5) 50 % Appreciation in the stock price in last one month.
6) The stock is trading at all time high.
7) Positive outlook in Engineering sector.
8) the Company is expected to grow by 100% in next three years.
I recommend you to buy this stock at current price and hold it for two years.
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