Munjal Showa Ltd., a JV of Hero group with Japan, was covered on 1.8.2013 at Rs. 55/- cum a dividend of Rs. 3/- per share. The stock is now priced at around Rs. 66/-, i.e., a return of over 25% in just two and a half months. We emphasize again that such gains are repeatedly possible if we play this game with utmost patience, perseverance, conviction and belief.
The stock is expected to consolidate at around Rs. 66-68/- before moving further.
With a projected EPS of over Rs. 20/- we stick to a price target of Rs. 100/- in next one to one and a half year.
Hero Motocorp is aggressively expanding its capacity, and Munjal Showa is an original parts supplier to Hero Motocorp.
The stock is expected to consolidate at around Rs. 66-68/- before moving further.
With a projected EPS of over Rs. 20/- we stick to a price target of Rs. 100/- in next one to one and a half year.
Hero Motocorp is aggressively expanding its capacity, and Munjal Showa is an original parts supplier to Hero Motocorp.
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