Viney gautam is misleading the forum.Nehaa is right. You should compare pradip overseas with welspun india and alok industries which are the competitor as they are in textile business.But Welspun gujarat is a pipe manufacturing company.
Welspun India & Alok ind PE are 5.36 & 6.45 respectively but pradip overseas PE at 6.52 on the upper price band of Rs 110.
I don't understand,How come pradip overseas is reasonably priced at current level as mentioned by S P Tulsian , Hem securities & swastika investment.
I agree this is not a great ipo as the valuation too are not attractive. alok industries been much larger player is available at 6 p/e. all textile companies command lower p/e so this stock has not left much on table . dont think it will be any much gains on listing .better to save your money wait for other good ipos to put money in which are coming soon.
DEAR NEHA, REFER 57 VINEY,S ANALYSIS. i WANTED A CLARIFICATION ON THAT. THANKS SO MUCH FOR CORRECTING ME. I DID NOT EVEN CHECK AND AUTOMATICALLY ASSUMED THAT VINEY,S COMPETITOR SELECTION IS CORRECT. PLEASE COMMENT ON 57. NO. VINEY ANALYSIS.
CAPITALS NOT USED INTENTIONALLY JUST CAP LOCK WAS PRESSED. ....LOL!!!!
who told you that welspun gujarat is a textile company???its a steel pipe manufacturer(PE20). If you want to compare pradeep with some one then you have to compare with welspun india(not welspun gujarat) and alok ind.whose PE are 5.2 and 7.2 respectively
Dear sumeet, no logic no funamental.if u believe me u can apply.it all game of time.after listing u will trust me.IF MARKET CRASH I CANT HELP.I STILL TELL GO 4 IT.
dear viney, in your analysis i could understand that since welspun gujrat has P/E of 20 which is where eventally pradip will or maygrow in to.resistance level is beyond which a share does not reach market price. so how can we calculate target 23x110. please explain. note:- i am not a commerce graduate. If any body else could also expkain it.
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The following 2010 A Series of Secured Redeemable Non convertible Debentures (NCDs) issued by L&T Finance Limited shall be listed and admitted to dealings on the Exchange w.e.f. March 16, 2010. Trading shall be in the Normal market segment (Rolling Settlement) for all investors.
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I AM CONFUSED WETHER I SHOULD GO FOR PRADIP OVERSEAS OR NOT BECAUSE SOMEONE SAID ME THAT THERE IS ON SPECULATION HERE RATHER THAN FUNDAMENTALS, PL. GUIDE ME I WILL BE THANKFULL TO YOU
sir i M Ashish frm Goa i m so much confused people say its not beneficiary to apply for pardeep overseas it has not so much goodwill in mkt wht u thnk ke lagana chaiye ke nahi muje plz reply?