I bought some stocks of Force Motors and SeaMac today.
SeaMac is in cyclic upturn. Currently quoting at 136. For last two quarters it has given EPS of 7. Industry PE is around 21. Assuming same EPS per quarter, we are looking at 28 annual EPS. With PE of 20, it could easily reach 400+ if not 540 based on simple math. All its vessels are booked for next two years. So, chances of getting EPS of 28 this year looks very high.
Force motors is in auto sector, Earlier known as Bajaj Tempo. Stock price 734. Quaterly EPS 14. Last quarter was 34. Assuming average of 20 quarterly EPS, annual EPS would be 80. PE at current price is 12. Industry PE is 259 (which is way high for my comfort). Conservative PE of 20 to 30 is good for auto sectory. Assuming the same Force can scale 1600 (PE of 20), 2400 (PE of 30).
Keep an eye on NATCO pharma. I have good amount of it and might add more on decline if any.
SeaMac is in cyclic upturn. Currently quoting at 136. For last two quarters it has given EPS of 7. Industry PE is around 21. Assuming same EPS per quarter, we are looking at 28 annual EPS. With PE of 20, it could easily reach 400+ if not 540 based on simple math. All its vessels are booked for next two years. So, chances of getting EPS of 28 this year looks very high.
Force motors is in auto sector, Earlier known as Bajaj Tempo. Stock price 734. Quaterly EPS 14. Last quarter was 34. Assuming average of 20 quarterly EPS, annual EPS would be 80. PE at current price is 12. Industry PE is 259 (which is way high for my comfort). Conservative PE of 20 to 30 is good for auto sectory. Assuming the same Force can scale 1600 (PE of 20), 2400 (PE of 30).
Keep an eye on NATCO pharma. I have good amount of it and might add more on decline if any.
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