Scripscan:Ushdev International Ltd
Code:511736
Cmp:304
Story:Ushdev International Limited engages in the power generation and trade of steel.The company trades in various steel products, including raw materials, such as metallurgical coal/coke and sponge iron; flat products, which include hot rolled coils and pickeled coils, cold rolled sheets, galvanized products, annealed products, pickeled products, and color coated sheets and corrugated sheets; and long products comprising angles, beams, and channels in flat products of steel. It also generates wind power though negligible compared to its turnover.At present price of 300 odd its commanding a marketcap of over 800crs and quotes at a trailing PE of around 40 times.Thats ridiculous valuation for a trading company that too under the present uncertain environment.Ushdev already has been a 11 bagger from its 52 week lows.Steel companies hardly gets fancied by top investors this days.I would definetly suggest an exit from the counter to be switched on to something like a jai balaji industry which looks much safer and promising at this juncture.
Important Disclaimer&Privacy policy
This blog does not share personal information with third parties nor do we store any information about your visit to this blog other than to analyze and optimize your content and reading experience through the use of cookies.You can turn off the use of cookies at anytime by changing your specific browser settings.This privacy policy is subject to change without notice and was last updated on 20.3.2013. If you have any questions, feel free to contact me directly here: arunsharemarket@gmail.com
Investment in equity shares has its own risks.Sincere efforts have been made to present the right investment perspective.The information contained herein is based on analysis and up on sources that I consider reliable. I,however,do not vouch for the accuracy or the completeness thereof.This material is for personal information and am not responsible for any loss incurred based upon it & take no responsibility whatsoever for any financial profits or loss which may arise from the recommendations above.The stock price projections shown are not necessarily indicative of future price performance.The information herein, together with all estimates and forecasts, can change without notice.
