6th jan 2010
alok industries is integrated textile company which is working in tetile, retail and reality. ITS sale and net profit in previous year (FY 08-09) was 2966 crores and 187 crores respectively which is expected to touch 3800 (28%jump) crores (sales) in FY 09-10 with net profit 240 (28% jump) crores. This is highly undervalued stock with a PE of just 2.3 which is very low. as the rupee is rising against dollar, the textile and software sector will improve. with the export news of improving jobless figures and growth stories floating around this stock can give superb return in midium to long term. The stock is trading at very low level of just Rs. 23. the first target is 28 & secon target is Rs. 63 and than Rs. 91.
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