ASIAN OIL FILEDS

Asian Oilfields
(Ticker Code: 530355)
A Mumbai based broker is strongly recommending Asian Oilfields to his clients. According to him the company, which is into oil drilling and allied service in oil exploration space is a good investment bet. The company has come out with good set of numbers with sales rising to Rs 27.5 crore in FY 2006-07 asa compared with sales of Rs 10.3 crore in the previous year, the corresponding profits for the respective years being Rs 4.6 crore as against Rs 62 lakhs. The stock is currently trading 9.25x to its earnings, which is very attractive compared to its peers, the broker insists.
(FV Rs: 10, H/L Rs105/14.5, CMP Rs 105)