Thursday, April 29, 2010

BGR ENERGY: GOOD BUT VERY COSTLY


Dear sir I am big fan of your blog
Want to know about bgr energy
Am holding, should I continue to hold or shu add some
Please help- ask by shri devang patel

1. first of all I request all of my blog fans that please ask only one share question in a mail because I received many mail per day about stock view and try to reply all of them but still pending a lot of mail (more than 10) for reply so please ask only one stock at a time (devang ji I choose only one stock bgr energy in your list but try to reply your other stocks also when I have no pending questions).
2. Book value of BGR ENERGY SYSTEM LTD is 77.94 only and currant price is 588(near 52 week high of 594, 52 week low is 177.10). are anybody justify currant price in terms of book value?
3. This is a heavy electrical equipment company.
4. But promoter holding 81.31 percent is very good fundamental.
5. good order book and BGR Energy Systems Ltd has informed BSE that the Company has entered into a Memorandum of Understanding ("MOU") with the Government of Orissa for setting up of 1320 MW (2 x 660) Independent Power Producer (IPPs) at Bhapur, Nayagarh District at an estimated investment of Rs. 6287 crores.
6. Overall I found it good in fundamental terms but I think currant price is very hot so one could wait for a fresh buying but if already hold than enjoy the Bull Run with cautious approach

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