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Supreme Infrastructure India (SIIL) was promoted by Mr. Bhawanishankar H. Sharma along with other promoters as Supreme Asphalts Private Limited in 1983. The name of the company was subsequently changed to Supreme Infrastructure India Private Limited in 2002. Over the years, SIIL has evolved as a full-fledged Infrastructure company with interest in Roads, Bridges, Railways, Power and Buildings, Sewerage and Irrigation.?
?Historically, SIIL's business has been concentrated in and around Maharashtra (around 70%). The company is systematically making its headway into different parts of the country and also entering into new business segments. The company is diversifying across Infrastructure verticals like roads, bridges, building construction, sewerage, pipelines, railways, power and irrigation to de-risk itself from fluctuations in any one segment. Other than this, it is slowly establishing its presence in different states like Gujarat, Rajasthan and Karnataka, Haryana, Goa, Punjab and Uttaranchal and the NCR.?
?We have valued SIIL based on the SOTP valuation. We have valued its core Construction business at 13X its FY11E core earnings (Rs 316) while the other Road and Bridge BOT projects are cumulatively valued at Rs 24 per share. Thus recommend Investors to ?Buy? the stock at current levels and average on dips in the range between Rs 240- 245 for a target price of Rs 340 in twelve months,? .@Supernsetips.com provide you the 99% sure shot stock market tips .
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