Narmada Gelatines Ltd (526739)
Conclusion: last year company has invested 3.28 cr for expansion, which resulted first
quarter (June 09) performance jumped to2.18 cr as compared to 1.27cr last year. sales also
jumped to 20.49 cr compared to last year sale of 15.86 cr. We expect company my post 12 cr
(30 Rs e.p.s) for full year and pay dividend 40 %. Current price is at 67.45 rs . we expect a
price target of 125 Rs in next six months time. If promoters sells the company price may go to
150 levels (After sale of falcon tyres, stock jumped from 150 to 850).
Monday, August 10, 2009
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