Small cap stocks

30.5.08:

Listed below are some small cap stocks which are undervalued and are likely to give substantial gains over aperiod of next two years:

Kesoram Industries: A B.K. Birla group company engaged in the business of Cement, Tyres, Rayon and pipes. Financial year 2007-08 EPS is Rs. 84/- which is likely to go up to Rs. 100/- by 2009-10. Current MP as on 30.5.08 is Rs. 330/-. The projected price is Rs. 600/- to 700/-.

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SKF India: The Co. is manufacturing automobile & Industrial bearings, and also condition monitoring equipment. Recently entered into wind turbine bearing and also large Industrial bearings.It is likely to double its turn over by 2011. Current EPS for 2007 is Rs.30/- which is likely to go upto Rs. 50 by 2011. Current MP is Rs. 264/- as on 30.5.08. The projected price is Rs. 700/- -750/-.

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Orient Paper: A Birla group Company manufactures paper, cement and electric fans. recently entered into manufacturing of CFL lamps. Current EPS FOR 2007-08 is Rs.11/- which is likely to go up to Rs. 13-14/- by 2010.

Current MP as on 30.5.08 is Rs 39/-. Projected price is Rs. 70/- to 80/-.

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