profit of 30 - 50% in 3-5 months

profit of 30 - 50% in 3-5 months
Welspun Gujarat's net profit up by 146%
Welspun Gujarat Stahl Rohren Ltd.announced its results for the 4th quarter and year ended March 31, 2008, with an annual turnover of Rs 40,104 million ($1bn) for FY 2008.

Summary of Q4 - FY 08 results (Figures in Rs. Million)

Sales 1,227cr : 66% Y-o-Y growth

PAT : Rs 102cr : 146% Y-o-Y growth


Welspun Gujarat has bagged an order in march 2008 for USD 269.5 million for supply of large diameter spiral builded pipes for Algerian market. This takes our orderbook position to Rs 5,900 crore from about Rs 4,700 crore.


on May 02, stock price : 403.10 P/E 20.36
52 Week High : 537.70 ;Low :109.90

Welspun-Gujarat Stahl Rohren Ltd has informed BSE that the Board of Directors of the Company at its meeting held on April 28, 2008, inter alia, has recommended dividend of 30% on Equity Shares (Rs 1.50 per share of Face Value of Rs 5 each).

recommendation:

best buy current levels.We are expecting a growth of 30 - 50% in stock price in 3-5 months.


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