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Thursday, February 08, 2007

Wednesday Telefolio - Vol. No. : 5 Issue No. : 33 Wednesday, February 07, 2007


BUY
Foseco India

Current Price Rs 367

BSE Code 500150

Face Value Rs 10

NSE Symbol FOSECOIND

Foseco India is the leading supplier of metallurgical chemicals for the ferrous and non-ferrous foundry industry, which are expected to grow strongly going forward. The parent company Foseco, UK holds 66.5% equity stake in the company. The company is also high dividend paying company and is available at attractive valuation

Actual EPS for year ended December 2005 Rs 21.6

Projected EPS for year ended December 2007 Rs 31.7

Actual EPS for year ended December 2006 Rs 25.5