share ur valuable thoughts.
There will be upward momentum once the financial results out, I think it will hit in the range of Rs.4.80 and 5.00 and will stagnant in the range Rs.4.80
when will look at it earnings
Pan Asian Power - For 6 Months ( 30th Sep) ----45,159,110
Manelwala For 6 Months ( 30th Sep) ----- 6,421,291
Total For 6 Months ( 30th Sep) - ---51,580,401
3rd & 4th quarter Expected Profit -----70,000,000
Issued qty ------500,000,000
Annualized EPS ------ Rs.0.26
Current MKT Price ------ Rs.4.20
PE ------- Only 16 times
However in bloomberg has not adjusted Manelwala earnings and not annualised.. ( http://www.bloomberg.com/apps/quote?ticker=PAP:SL)
When you look at the other companies in power sector
VLL- 23 Times http://www.bloomberg.com/apps/quote?ticker=VLL:SL
HPWR -19 Times http://www.bloomberg.com/apps/quote?ticker=HPWR:SL
VPEL - 17 Times http://www.bloomberg.com/apps/quote?ticker=VPEL:SL
HPFL - 23 Times http://www.bloomberg.com/apps/quote?ticker=HPFL:SL
when HPWR was Rs.30 level I was telling in Investnow PAP and HPWR are the undervalued stock in the sectors. Now HPWR as i expected it hit rs.42 level...
My prediction is PAP will hit in the Range of Rs.5.20 5.50 once they release it financial and coming quarters..