This stock is trading at Rs. 430 now. We had recommended this stock earlier at Rs. 1200 ( Rs. 10 face value). Now after split to Rs. 2 it is giving us a return of 80% in last 1 year.
Equity is small at 9 crores. FIIs hold 49% out of this. Promoters hold around 20%. Public hold around 20% stake.
Sales have increased from Rs. 22 crores in FY 2004-2005 to Rs. 670 Crores now. Net profit has gone up from Rs. 4 crores to Rs. 125 Crores in the same period.
FY 2008 EPS stands at Rs. 32 which is discounted just 13.5 times at CMP.
This is one of my top picks for next 2 years with a target of Rs. 1000-1500.
Weitage 10% of your investment portfolio.


