Is this True...........

 

STOCK....LOKESH MACHINE LIMITED.
RAKESH JHUNJHUNWALA (INDIA TOP MOST ANALYST & INVESTOR) HAS ENTERED
in LOKESH MACHINE Limited (143/-)(FROM RELIABLE SOURCES) for
BUYING, BECAUSE 10/- FACE VALUE SHARE, EQUITY ONLY 11 CRORES, 61%
PROMOTERS HOLDING, MUTUAL FUNDS (Sundaram BNP Paribas Mutual Fund
2%) , Financial Insti. & Banks 4%,(United India Ltd 3%), Corporate
Bodies 13% PUBLIC SHARE only 20%.GOOD RESULTS, FUTURE GROWTH,
COMPANY HAVING STRONG FUNDAMENTALS AND GOOD BOOK VALUE AND 200
CRORES LAND BANK.

LOKESH MACHINE Limited Hyderabad based company.
Public Issue came in 2006 April at 140/- All time high of this share
was 300/-

Lokesh Machines Ltd. is engaged in the design, development and
manufacture of custom built special purpose machines and general
purpose CNC (computerized numerical controls) machines along with
their components. Presently, it derives 70% revenue from machining
division whereas rest 30% comes from auto component division.

Company primarily caters to customers in the auto OEM, auto
ancillaries and general engineering space. Hence it supplies mainly
to Tata Motors, Bajaj Auto, Force Motors, Cummins, Bharat Forge,
Kirloskar Oil Engines, Everest Kanto Cylinders etc with separate
dedicated facilities for M&M and Ashok Leyland. Off late, it has
also
made a foray in the overseas markets with orders from M/s FPT
Industries Spa-Italy, Honda Motorcycles- Japan and HOWA-Japan.

Further, its technical partner Wenig Wemas-Germany has also placed
initial order of 100 machines worth 20 cr.

For the latest Sept qtr, sales grew by 25% to 28 cr and Net profit
increased by 50% to 3.40 cr. To fund its growth plan company came
out
with an IPO at Rs.140 per share in April 2006 and raised Rs.42 cr.
On
listing day it hit a high of 300 Rs, whereas and currently it's
available at 15% below its issue price. For FY08 it is expected to
clock a turnover of 110 cr and PAT of 18 cr which leads to an EPS of
15 Rs on equity of 11.80 cr. Scrip can easily appreciate to 300/-.
Minimum PE of this industry 15/- maximum 30/- If we can calculate
according average 15 * 22 = 330/-

One more Important news is Company having good Land Bank in
HYDERABAD
(Balanagar). This cost nearly 200 Crores. Equity 11 Crores. ( 1.1
Cores shares) Per shares