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Your stock queries

| 3/8/2012 9:00 PM Thursday

RELIANCE INDUSTRIAL INFRASTRUCTURE

I am holding shares of Reliance Industrial Infrastructure, bought at Rs 383 per share. Should I continue to hold these shares for maximum profit? I can go for long-term investment too. Please advise.

- Bishal Kumar, Via Email

Reliance Industrial Infrastructure, BSE/NSE Code 523445/RIIL, with a face value of Rs 10, is currently trading at Rs 490, which is at a 28 per cent premium to your acquisition cost. Its 52-week high/low are Rs 728 and Rs 276 respectively.

Reliance Industrial Infrastructure engages in the business of setting up/operating industrial infrastructure in India. It is also involved in leasing and providing services connected with computer software and data processing. In addition, the company owns a twin pipeline system of 200-millimetre diameter for transporting petroleum products like naphtha and kerosene, and acquires and deploys construction machinery on hire for use at various construction sites. It operates primarily in Mumbai, as well as in the Surat and Jamnagar belts of Gujarat.

On the financial front, the company has witnessed muted results for 9M FY12 on a YoY basis. The topline witnessed a growth of 20 per cent YoY for 9M FY12, and stands at Rs 45.6 crore as against Rs 38 crore for 9M FY11. The bottomline, however, witnessed de-growth of 3.66 per cent, and stands at Rs 17.37 crore as against Rs 18 crore for 9M FY11. On the valuations front, the stock discounts its trailing 12-month earnings by 34.13x, and the EV/EBITDA stands at 23.79x, which looks a bit expensive. Looking at the subdued demand on the infrastructure front at present, we suggest that you book full profit in the stock.

TATA STEEL

I have purchased shares of Tata Steel at Rs 610 per share. Please guide me as to whether I should exit from this stock or accrue more shares at the current levels.

- Dileep, Via Email

Tata Steel, BSE/NSE Code 500470/TATASTEEL, with a face value of Rs 10, is currently trading at Rs 450, which is at a 26 per cent discount to your acquisition cost. Its 52-week high/low stand at Rs 642 and Rs 332 respectively.

 

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