CMP: 80


Manjeera Constructions Limited develops residential and commercial complexes.

Manjeera Constructions is a 106 Crore penny cap stock. Its currently trading at a P/E of 10 with dividend yields of close to 2% in the last 12 months. Liabilities little on the higher side. Revenues have steadily grown from 38 Crores to 83 Crores in the last 5 years. Profits have risen from 5 Crores to 10 Crores in the last 5 years. FY12 profits are projected towards 12 Crores. NPM has dipped marginally from 14% to 12% over 5 years. Considering recession lows of 60, current levels are good to buy. Book profits when the stock price crosses 150.