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Diwali Dhamaka… Buy NOIDATOLL

This article was posted on Oct 16, 2009 and is filed under Stock Views

The Noida Toll Bridge Company Ltd. (NTBCL) has been promoted by Infrastructure Leasing and Financial Services Ltd. (IL&FS) as a special purpose vehicle (SPV) to develop construct, operate and maintain the DND Flyway on a Build Own Operate Transfer (BOOT) basis. NTBCL is a public listed company, incorporated in Uttar Pradesh, India, in 1996 and operates only in India.

The Stock has not yet participated in the Market rally, It remained flat for almost a year now, under-performing the markets. Considering the companies expansion plan and the revenues of the company, it can be bought for a years time.

The stock saw some good movement today, closing 3.55 rs higher at 43.30. The stock has a 52-wk high of 48 and a low of 15.50.

Various Mutual funds such as HDFC Growth Fund (G), Sundaram Select Small Cap (G), Fortis Equity Fund (G) etc hold a decent number of shares of Nodia Toll.

The company recorded a Sales turnover of 79.21cr in ’09, as compared to the last year of 66.39cr. The PAT rose to 33.36cr in March ’09 as compared 27cr, last year

Investing in Noida Toll till next Diwali seems a safe bet

Note: Mutual fund holding data from Moneycontrol.com

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