Company : WEBSOL ENERGY SYSTEMS LTD
BSE Code : 517498
Group/Index : B
CMP : Rs.59/-
FV : 10
Recommendation : BUY
Websol Energy Systems Ltd is the first listed company in Indian stock market from the Solar space.For the last few years ,company's performance badly affected mainly due to the production disturbance on account of capacity expansion in existing production line ,change in technology and shifting of running plant to a SEZ where tax benefits are available..etc Recently company has increased its SPV capacity to 60 MW and expected to double the same by 2011-12 FY.Even if there is some other companies are recently listed in this space ,Websol is more attractive on various financial parameters . .Now our government is paying much attention to non conventional energy sources and expecting some favorable announcements in near future .The Jawaharlal Nehru National Solar Mission is aiming 20 GW solar energy generation by 2020. Even if the current spike in oil price is due to some special reasons like unrest in oil producing countries ,the trend of rising prices of energy sources are expected to continue in tandem with the revival in western economies .Such a situation will again attract investors towards non conventional energy stocks .Websol is a good bet from this sector which is trading now at 52 low @ Rs.59/-
Sir, in your article on future leaders of stock market you have spoken of Onmobile Global. Sir, at present market price of Rs. 200, is it a good long term buy? Thanks. Satyen.
ReplyDeleteDear Mr Satyen
ReplyDeleteBusiness have good future ,but promoter selling is the only concern,take limited exposure.