India Equity Analysis, Reports, Recommendations, Stock Tips and more!
Search Now
Recommendations
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