http://www.valuenotes.com/ ValueNotes Company Research Reports Your Gateway to Indian Financial Markets xx http://www.valuenotes.com/rss/rss.gif http://www.valuenotes.com/ A key growth driver of the companychr(39)s revenue has been the increasing order book which has also grown at a CAGR of 15.6% in the last five years <p><a href="http://feedads.g.doubleclick.net/~a/JxrqZVQIi-U3uhY390XpT2zzfUw/0/da"><img src="http://feedads.g.doubleclick.net/~a/JxrqZVQIi-U3uhY390XpT2zzfUw/0/di" border="0" ismap="true"></img></a><br/> <a href="http://feedads.g.doubleclick.net/~a/JxrqZVQIi-U3uhY390XpT2zzfUw/1/da"><img src="http://feedads.g.doubleclick.net/~a/JxrqZVQIi-U3uhY390XpT2zzfUw/1/di" border="0" ismap="true"></img></a></p><img src="http://feeds.feedburner.com/~r/ValuenotesCompanyReports/~4/Vzip_FS26SU" height="1" width="1"/> http://feedproxy.google.com/~r/ValuenotesCompanyReports/~3/Vzip_FS26SU/viewarticle.asp 2009-11-09 Articles http://www.valuenotes.com/valuenotes/research/viewarticle.asp?ArticleCd=150304 The company is running at a P/E multiple of 23.11 times to its FY09 EPS of Rs26.86 and has a medium to long term target price of Rs750 <p><a href="http://feedads.g.doubleclick.net/~a/Lch2GQWaKsb3yE8lQTI_u0nHBC8/0/da"><img src="http://feedads.g.doubleclick.net/~a/Lch2GQWaKsb3yE8lQTI_u0nHBC8/0/di" border="0" ismap="true"></img></a><br/> <a href="http://feedads.g.doubleclick.net/~a/Lch2GQWaKsb3yE8lQTI_u0nHBC8/1/da"><img src="http://feedads.g.doubleclick.net/~a/Lch2GQWaKsb3yE8lQTI_u0nHBC8/1/di" border="0" ismap="true"></img></a></p><img src="http://feeds.feedburner.com/~r/ValuenotesCompanyReports/~4/q1ZJegcGMZY" height="1" width="1"/> http://feedproxy.google.com/~r/ValuenotesCompanyReports/~3/q1ZJegcGMZY/viewarticle.asp 2009-11-09 Articles http://www.valuenotes.com/valuenotes/research/viewarticle.asp?ArticleCd=150285 At current market price, the stock is trading at 12.84 P/E multiple of its FY10 estimated earnings <p><a href="http://feedads.g.doubleclick.net/~a/T0228L5wVHuJ-RelXBUq9F_q2h4/0/da"><img src="http://feedads.g.doubleclick.net/~a/T0228L5wVHuJ-RelXBUq9F_q2h4/0/di" border="0" ismap="true"></img></a><br/> <a href="http://feedads.g.doubleclick.net/~a/T0228L5wVHuJ-RelXBUq9F_q2h4/1/da"><img src="http://feedads.g.doubleclick.net/~a/T0228L5wVHuJ-RelXBUq9F_q2h4/1/di" border="0" ismap="true"></img></a></p><img src="http://feeds.feedburner.com/~r/ValuenotesCompanyReports/~4/bHnIIJJSKZ4" height="1" width="1"/> http://feedproxy.google.com/~r/ValuenotesCompanyReports/~3/bHnIIJJSKZ4/viewarticle.asp 2009-11-09 Articles http://www.valuenotes.com/valuenotes/research/viewarticle.asp?ArticleCd=150283 At current market price, the stock is trading at 8.26 P/E multiple of its FY10 estimated earnings <p><a href="http://feedads.g.doubleclick.net/~a/Uze9NDmR5Ge5dmiusIJDQ7y_x68/0/da"><img src="http://feedads.g.doubleclick.net/~a/Uze9NDmR5Ge5dmiusIJDQ7y_x68/0/di" border="0" ismap="true"></img></a><br/> <a href="http://feedads.g.doubleclick.net/~a/Uze9NDmR5Ge5dmiusIJDQ7y_x68/1/da"><img src="http://feedads.g.doubleclick.net/~a/Uze9NDmR5Ge5dmiusIJDQ7y_x68/1/di" border="0" ismap="true"></img></a></p><img src="http://feeds.feedburner.com/~r/ValuenotesCompanyReports/~4/tkC0Ucbr_6s" height="1" width="1"/> http://feedproxy.google.com/~r/ValuenotesCompanyReports/~3/tkC0Ucbr_6s/viewarticle.asp 2009-11-07 Articles http://www.valuenotes.com/valuenotes/research/viewarticle.asp?ArticleCd=150273 At current price of Rs2651, the stock is trading at 4.86 times its FY10E BV of Rs541 <p><a href="http://feedads.g.doubleclick.net/~a/jFVEBOSnWA7Bn7sAT1BifzwSgkA/0/da"><img src="http://feedads.g.doubleclick.net/~a/jFVEBOSnWA7Bn7sAT1BifzwSgkA/0/di" border="0" ismap="true"></img></a><br/> <a href="http://feedads.g.doubleclick.net/~a/jFVEBOSnWA7Bn7sAT1BifzwSgkA/1/da"><img src="http://feedads.g.doubleclick.net/~a/jFVEBOSnWA7Bn7sAT1BifzwSgkA/1/di" border="0" ismap="true"></img></a></p><img src="http://feeds.feedburner.com/~r/ValuenotesCompanyReports/~4/eXbbqGKAbLM" height="1" width="1"/> http://feedproxy.google.com/~r/ValuenotesCompanyReports/~3/eXbbqGKAbLM/viewarticle.asp 2009-11-06 Articles http://www.valuenotes.com/valuenotes/research/viewarticle.asp?ArticleCd=150268 BHEL has broken downward sloping trend line, which has acted as a resistance for the stock in the past. Hence traders can go long on the stock for sequential targets of Rs 2250 & Rs2326 <p><a href="http://feedads.g.doubleclick.net/~a/FxXPpWbNuqZZ7KqoglF5Ees9Qt4/0/da"><img src="http://feedads.g.doubleclick.net/~a/FxXPpWbNuqZZ7KqoglF5Ees9Qt4/0/di" border="0" ismap="true"></img></a><br/> <a href="http://feedads.g.doubleclick.net/~a/FxXPpWbNuqZZ7KqoglF5Ees9Qt4/1/da"><img src="http://feedads.g.doubleclick.net/~a/FxXPpWbNuqZZ7KqoglF5Ees9Qt4/1/di" border="0" ismap="true"></img></a></p><img src="http://feeds.feedburner.com/~r/ValuenotesCompanyReports/~4/v3Sm7XF1fPs" height="1" width="1"/> http://feedproxy.google.com/~r/ValuenotesCompanyReports/~3/v3Sm7XF1fPs/viewarticle.asp 2009-11-06 Articles http://www.valuenotes.com/valuenotes/research/viewarticle.asp?ArticleCd=150259 The stock has a target price of Rs284 in 12 months implying a 1.02 and 0.9 times its adjusted book value per share of FY10 & FY11 respectively <p><a href="http://feedads.g.doubleclick.net/~a/opYIEiPOmyvl4VoHChqt6lej4TU/0/da"><img src="http://feedads.g.doubleclick.net/~a/opYIEiPOmyvl4VoHChqt6lej4TU/0/di" border="0" ismap="true"></img></a><br/> <a href="http://feedads.g.doubleclick.net/~a/opYIEiPOmyvl4VoHChqt6lej4TU/1/da"><img src="http://feedads.g.doubleclick.net/~a/opYIEiPOmyvl4VoHChqt6lej4TU/1/di" border="0" ismap="true"></img></a></p><img src="http://feeds.feedburner.com/~r/ValuenotesCompanyReports/~4/WQSgo8Rdp1I" height="1" width="1"/> http://feedproxy.google.com/~r/ValuenotesCompanyReports/~3/WQSgo8Rdp1I/viewarticle.asp 2009-11-06 Articles http://www.valuenotes.com/valuenotes/research/viewarticle.asp?ArticleCd=150261 The stock at the CMP of Rs2217.55 will trade 31.32 times to its earnings of Rs70.81 (TTM) and 7.61 times to its book value of Rs291.45 <p><a href="http://feedads.g.doubleclick.net/~a/RkL2MAjK631l8XsARXkkEmBpg5U/0/da"><img src="http://feedads.g.doubleclick.net/~a/RkL2MAjK631l8XsARXkkEmBpg5U/0/di" border="0" ismap="true"></img></a><br/> <a href="http://feedads.g.doubleclick.net/~a/RkL2MAjK631l8XsARXkkEmBpg5U/1/da"><img src="http://feedads.g.doubleclick.net/~a/RkL2MAjK631l8XsARXkkEmBpg5U/1/di" border="0" ismap="true"></img></a></p><img src="http://feeds.feedburner.com/~r/ValuenotesCompanyReports/~4/gJ10Lp5jlEk" height="1" width="1"/> http://feedproxy.google.com/~r/ValuenotesCompanyReports/~3/gJ10Lp5jlEk/viewarticle.asp 2009-11-06 Articles http://www.valuenotes.com/valuenotes/research/viewarticle.asp?ArticleCd=150253 At the current market price, the stock is trading at 5.67 P/E multiple of its FY10 estimated EPS <p><a href="http://feedads.g.doubleclick.net/~a/mdH_BzTLSmQiswuFajFz6oKgbJQ/0/da"><img src="http://feedads.g.doubleclick.net/~a/mdH_BzTLSmQiswuFajFz6oKgbJQ/0/di" border="0" ismap="true"></img></a><br/> <a href="http://feedads.g.doubleclick.net/~a/mdH_BzTLSmQiswuFajFz6oKgbJQ/1/da"><img src="http://feedads.g.doubleclick.net/~a/mdH_BzTLSmQiswuFajFz6oKgbJQ/1/di" border="0" ismap="true"></img></a></p><img src="http://feeds.feedburner.com/~r/ValuenotesCompanyReports/~4/-4d5Ip9rNec" height="1" width="1"/> http://feedproxy.google.com/~r/ValuenotesCompanyReports/~3/-4d5Ip9rNec/viewarticle.asp 2009-11-06 Articles http://www.valuenotes.com/valuenotes/research/viewarticle.asp?ArticleCd=150246 The strategy consists of buying 1 lot of SBI 2160 CA Nov at Rs92.5 and selling 2 lots of SBI 2310 CA at Rs37.9, resulting in a premium outflow of Rs16.7 <p><a href="http://feedads.g.doubleclick.net/~a/sa2-DwC1Zcm3PuE-ogOq2ir1U-s/0/da"><img src="http://feedads.g.doubleclick.net/~a/sa2-DwC1Zcm3PuE-ogOq2ir1U-s/0/di" border="0" ismap="true"></img></a><br/> <a href="http://feedads.g.doubleclick.net/~a/sa2-DwC1Zcm3PuE-ogOq2ir1U-s/1/da"><img src="http://feedads.g.doubleclick.net/~a/sa2-DwC1Zcm3PuE-ogOq2ir1U-s/1/di" border="0" ismap="true"></img></a></p><img src="http://feeds.feedburner.com/~r/ValuenotesCompanyReports/~4/hpDqcNn_3aM" height="1" width="1"/> http://feedproxy.google.com/~r/ValuenotesCompanyReports/~3/hpDqcNn_3aM/viewarticle.asp 2009-11-05 Articles http://www.valuenotes.com/valuenotes/research/viewarticle.asp?ArticleCd=150222