Facor Alloys is in the consolidation stage at present , but will soon breakout . It is not only due to the phenomenal results ( Net profits have increased from 13 Crores in 2006-07 to 71 Crores for 2007-08 !! ) , but more importantly due to the expectation of equally impressive growth in the year 2008-09 , due to the rising international prices of Ferro Chrome . As I hope , net profit may touch approx 125 Crores in the coming year , resulting in EPS of Rs.6 /- . With a conservative P/E of 8 , I hope share prices may rise to Rs.48 /- as against Rs.13 /- going on at present !
I wish everyone may take advantage of the potential of this Scrip to give more than 300% returns in the medium term of 6 months to 1 year .