Tuesday, May 17, 2016

ELNET TECHNOLOGIES LTD (517477 :-DARK HORSE.

Dear friends,


 Today we are looking in to very interesting stock for medium to long term investments 

 

 

                   ELNET TECHNOLOGIES LIMITED



 ELNET








   Elnet Technologies Limited (ETL) was incorporated in August 1990 as a Public Limited Company promoted by Electronics Corporation of Tamil Nadu and Stur Technologies Pvt Ltd (formerly New Era Technologies Private Limited)  & its Associates. ETL’s core competence is to develop and manage Software Technology Park. ETL has pioneered the concept of Software Technology Park in India.


   Elnet Technologies Limited provides infrastructure services to software and business process outsourcing industries in India. The company develops and manages Elnet Software City, a software technology park. Its park covers approximately an area of 200,000 square feet and area of 170,000 square feet for lease located in a 3.16 acres plot in Taramani area, Chennai.

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    Promoter holding 52.85% stake in company, ELNET is regular dividend paying comapny, with 49cr  free reserves in 4cr equity capital and 135 book value stock is available in just 34 cr market cap, company posted good set of results 22 cr sales and 6.45cr net profit with an EPS of  16.3 in 2015-16., stock is trading just 5.5 PE.

 

  Stock is trading in  BSE @ 85 level, investor can buy this stock @ current level and buy more in correction (IF ANY  ) and hold  for good return in their portfolio, this stock is low risk high return segment stock.

 

 Before buying any stock take advice from certified person.

 

Disclosure :- I am holding this company shares.


9 comments:

  1. Sir, this is really good pick I think it will cross 150 level in short time, what is your opinion?

    ReplyDelete
    Replies
    1. I am not fixing any targets for any stock, but this stock is real undervalued @ current level.

      Delete
  2. Sir Namaste.your last month recommendetion about panyam cement any negative happened in this company

    ReplyDelete
  3. But sir it's volume is very low

    ReplyDelete
    Replies
    1. ELNET is not a trading stock, only 4cr equity, keep hold in portfolio.

      Delete
  4. Sir Basant agro good or bad for long term as per your analysis

    ReplyDelete
  5. Elnet is at good buying price now as it has fallen in last couple of days- CMP 66.

    ReplyDelete
    Replies
    1. oops... i just realised i sent wrong msg of cmp-66. my charts were not updated.

      Delete