Dredging Corporation of India

 Capita Telefolio Volume No 12, Issue No 8 dated Saturday, 14th January 2006.

The following recommendation is based on price as on Friday, 13th January 2006.


BUY: Dredging Corporation of India at Rs 693

Now full details:

BUY: Dredging Corporation of India at Rs 693
BSE Code: 523618
NSE Symbol: DREDGECORP
Market Lot: 1

Dredging Corporation of India is a key player in maintenance dredging in India. Increasing investment in India's port and canal infrastructure, the company's PSU status and its tie-ups with MNC players will drive its growth in the long term.


Actual EPS for year ended March 2004: Rs 60.7
Actual EPS for year ended March 2005: Rs 40.5
Projected EPS for year ended March 2006: Rs 63.9



End of Capita Telefolio Volume No 12, Issue No 8 dated Saturday, 14th January 2006.
Keep all our advice strictly confidential. It should not be shared in any form with others.

Though all care is taken in arriving at recommendations, the equity shares may rise or fall in a manner not foreseen. Hence Capital Market or any of its employees will not be liable for any loss suffered.