At this price trading at TTM PE of 3 and forward PE of 1.5.
60% Promoters shareholding.
Corporate Bond market expanding in India at a great pace.
Interest rates will start to come down which is very beneficial.
Net profit margin one of the hightest 30% and ROE also 30%.
Debt Equity ratio of just 0.25 … so very less debt.
Dividend of Rs 6 means Div yield of 4%, quite good.
FORBES include it in Asia’s 200 fastest growing companies.
Promtoers bough 6 lacs or 10% of total capital from March to May 2009
Technically ,We see Stock zooming to kiss 188—–215——–225 level very soon.
Catch it and Forget.
Buy small qty…………….Dont Try to become Crorepati in Single Day.
Technically Yours/ASR TEAM/BARODA/INDIA