BPL Limited

Buy BPL Limited [NSE CODE: BPL]

Current Market price is Rs.35.80

Investment Idea

Buy at 35.80x240 shares with stoploss Rs.26.00

Expected targets in January-2015

1st Target: Rs.41.50

2nd Target: Rs.47.00

3rd Target: Rs.52.50

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Shareholding Pattern

Promoters 63.24%

FII / Banks 0.92%

Others 35.84%

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Price Trend

1 Month  52.00%

3 Months  88.51%

6 Months  115.52%

1 Year  157.49%

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Company Profile

BPL is in the Consumer Durables Consumer Electronic/Appliances sector. BPL was established in 1963, by Mr T P G Nambiar to manufacture precision electrical instrumentation.BPL Medical Technologies is a group company of BPL Limited (NSE:BPL) has secured an equity commitment of INR 1,100 million (approximately US$20 million) from Goldman Sachs. The current market capitalisation stands at Rs 59.84 crore.The company has reported a standalone sales of Rs 20.97 crore and a Net Profit of Rs 1.66 crore for the quarter ended Sep 2013. The company management includes Ajit G Nambiar - Chairman & Managing Director, Anju Chandrasekhar - Director, K S Prasad - Director, S Prabhala - Director, K Jayabharath Reddy - Director, Suraj L Mehta - Director, Subhash Bathe - Director. It is listed on the BSE with a BSE Code of 500074 and the NSE with an NSE Code of BPL. Its Head office is at BPL Works , Palakkad,Kerala - 678007.

web site : http://www.bpl.in