NAVBHARAT VENTURES

Nav Bharat Ventures
(TICKER CODE : 513023)
A Mumbai based equity analyst is recommending Nav Bharat Ventures for investment. A diversified company with business interests in power generation, ferro alloys, sugar & down stream products and infrastructure projects, has put up an excellent show with a 142% spurt in net profit for the year ended March 2007. The EPS for the year stands at Rs 20.96.The company has recommended 200% dividend. It is now planning to take up majority stake in 1050 MW coal based power plant at Orissa. The analyst is very optimistic about the future outlook of the company.
(FV Rs 2, H/L Rs 198/80, CMP Rs 181)