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Friday, April 18, 2014
Vijay Shanthi Builders Ltd: Steady Upmove Expected
The scrip of the Chennai based builder Vijay Shanthi Builders Ltd (BSE Code: 523724) is looking attractive at the current price of Rs.11.45. The scrip has a book value of Rs.44.06, 9MEPS of Rs.1.15, while the promoters' holding has slightly increased to 54.12 in March, 2014 quarter from 54.10 sequentially speaking. Moreover it has a 9MPE of 9.96, which is much below the industry average. This gives the much needed space for the scrip to move up. Also, the company has good land bank in and around Chennai (Madras).
One should buy the scrip at the CMP of Rs.11.45 for a target of Rs.15.5.