Hi Friends
I have started updating the site once in a week now as I have started recieving so many mails/queries that after replying them I hardly get time to update the site regularly. However what I have been doing is that I have made a list of people who wish to recieve my short term and long term advice and mail them all together once as a call arises.
For the site viewers I would request all to kindly mail me at nishantlakkar@gmail.com to register for free short/long term calls.
I had a chance to talk to the management of Power Grid Corporation and was really excited to know about the progress they are making and planning to regulate the companys telecom business plans.
PGCIL is planning to invest upto Rs 500 billion in the transmission projects in the near term out of which around 52.5 blillion has already been invested. They are expecting to invest the remaining amount by 2012-13. According to the earning estimate reports published by Edelweiss, PGCIL is expected to have a net profit of around 20300 million in FY09E and 26000 million in FY10E. (Including income from tower and consultancy business). PGCILs entry into telecom space is likely to provide boost to its bottomline to the extent of 10-12%.
PGCIL currently has an overhead optic fibre network of 20,000 km, spanning 100 cities in the country. The company has order of over Rs 3,000 mn from various telecom players for leasing the optic fibre bandwidth. It also holds license for national long distance dialing and offering services as internet service provider (ISP); the company has been generating revenues from both these segments over the past two quarters.
I personally believe that it is very good long term buy and the prospects of the company are very attractive. Very few companies are there with a mix of telecom, power, and consultancy and we can see a price of Rs 200 in a years time. It is one of the best Long term Stocks to have in ones portfolio.
If anybody wants to access a report from Edelweiss for PGCIL then please request for the same at nishantlakkar@gmail.com
Happy Investing
Investomaniac
JAIDADIKI
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