Will I ever get my price back of USHDEV INTL?

Query: This is second time I am sending this query. Please let me know asap. I have 300 shares of Ushadev International @ 170. Will I ever get my price back? what should I do with this stock now? Deepak

Thebullishtrends: Ushadev International share price closed today at Rs.167. Ushdev International Limited is a part of the Ushdev Group whose history can be traced back to 1988. The group began operations by trading in imported pig iron, steel scrap, non-ferrous metals etc, the group has moved from strength to strength.

The core activities of this company are Power Generation and Trading of Steel. The Company commenced operations by trading in steel. Seeing the scope for growth and expansion in the wind power industry, the company diversified into wind power generation through windmills in 1997. The Company has an impressive track record showing consistent increases in sales.

The Company recorded sales of Rs. 546 crores in the last financial year. Further, Ushdev has projected the sales of more than Rs. 800 crores in F.Y.2007-08 i.e. almost 145% jump compared to sales of last financial year. Ushdev has been ranked as the 17th fastest growing company in the SME sector by the Economic Times Investor's Guide, dates 18th June '07 Recently the company has got Carbon credits clearance for its Rajasthan and Karnataka projects.

Ush Dev International has posted Rs. 8.59 cr netprofit on turnover of Rs.189.98 cr. The company is improving it's operating profit margins Q on Q basis. Having sound fundamentals and the demand for Steel and Power is growing very well. You can hold this scrip for long term benefits. It will take another 6-9 months time to reach Rs.300 level.

Ushdev Intl announced 1:1 bonus on 22nd November'07. Seems to be you are not aware of it. According to that only half of it's share price has came down. Verify your demat account once, we believe that you have already received bonus shares from the company.