Sunday, January 3, 2010
at 5:06 PM
SECTOR P.E. - 14.8
SHARE PRICE - Rs 74.50
ASI - 3344.89
28/12/2009 - Lion brewery is a Carson group company.The holding company of lion is Ceylon brewery limited.
The company has performed well for the first six months of the year 2009 by reporting a profit of Rs 237 m.n. as against a loss of Rs 21,900/- an increase of 1183% YOY . Net asset per share is Rs 64.93.
During last couple of weeks we saw large parcels of lion changing hands between Rs 65 - 70 range.
We can expect a steady growth in profits in LION in future due to the increased tourists arrivals to the country after the war.
The joint venture company in India is the future of the LION. That Company now operates 4 breweries,one each in Maharashtra, Rajasthan, Himachal and Kolkata. It’s distribution reach has expanded to cover 23 of India’s 35 states and Union Territories. And in the first 4 months of 2009, it has all but reached the sales volume achieved during the 12 months of 2008.
RECOMMEND - BUY