Bigbloc Construction
Dear Blog Readers,
Bigbloc Construction at current market price of 78 looks bullish technically and Fundamentally.
Bigbloc Construction
Cmp 78
Market Cap 110.50 Cr
Face Value 10
Dividend Yield 51%
Reason of This stock to select :-
1) company is going to expand its AAC Block business plant by setting up new AAC (Areated Autoclave concrete) plant at Umargam, Dist Valsad, Gujarat
2) Setting up new AAC (Areated Autoclave concrete) plant at Bangalore.
3) Board meeting on 11 April 2017.
4) Company is Regular Paying Dividend.
5) Promoter stake increased in last Quarter upto 70.34%.. Promoters also buying from last two days from the market. . . .
6) Technically Breakout seen.
Bigbloc Construction at current market price of 78 looks bullish technically and Fundamentally.
Bigbloc Construction
Cmp 78
Market Cap 110.50 Cr
Face Value 10
Dividend Yield 51%
Reason of This stock to select :-
1) company is going to expand its AAC Block business plant by setting up new AAC (Areated Autoclave concrete) plant at Umargam, Dist Valsad, Gujarat
2) Setting up new AAC (Areated Autoclave concrete) plant at Bangalore.
3) Board meeting on 11 April 2017.
4) Company is Regular Paying Dividend.
5) Promoter stake increased in last Quarter upto 70.34%.. Promoters also buying from last two days from the market. . . .
6) Technically Breakout seen.
Company website :- http://www.nxtbloc.in
Stock can reach at 85,90,100 within short period of time. One can buy this stock for Long term investment also.
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*Board of BIGBLOC Construction approves Rs 100 crore capex for expansion of AAC Blocks*
ReplyDeleteCapital Market | Apr 11, 2017 02:35 PM IST
At meeting held on 11 April 2017
BIGBLOC Construction announced that the Board of Directors of the Company at its meeting held on 11 April 2017 approved the following expansion for AAC Blocks :
1. Brownfield Expansion of 3,00,000 cubic meters per annum at the Company's plant situated at Umargaon (Gujarat).
```This will make the Umargaon Plant the largest capacity plant at a single location in India at 6,00,000 cubic meters per annum```
2. *Greenfield expansion of 3,00,000 cubic meters per annum at Bangalore.*
As a result of the above expansions, the Company's total AAC Blocks capacity will become 9,00,000 cubic meters per annum. The total Capital Expenditure envisaged is approx. Rs.100 crore. The Capital Expenditure will be financed through a mix of Debt & Equity.
Hi. What will be the target for this scrip, short term and long term?
ReplyDeleteAccording to moneycontrol app, dividend history not impressive. Please update.
ReplyDeleteI have big Target, Today's closing price is 92...
ReplyDeleteI am seeing 135 till the end of December 2017
Hey very nice blog!!
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Thank you for appreciation
DeleteIs 135 the final target
ReplyDeleteNew 52 week high 129.95
ReplyDeleteIs it worth buying now
ReplyDelete