Karuturi Global Ltd. is a company belonging to floral sector. Karuturi Global is the world's largest producer of roses, cultivating 585 million stems per annum.It has over a decade of experience in rose cultivation with operations in various countries including its major operation in India. The company does well and is expected to deliver good profits regularly. The company has its peak earnings during month of Feb especially before Valentines Day. The Indian floriculture sector is expected to grow by 40% each year (significantly higher than the global average) and almost 85% of the demand is estimated to be from roses. So considering this ratio of growth,this company is expected to perform very well in future. Currently trading at a very low EPS of 0.39, the company is expected to deliver EPS of about 0.8 soon within 3-4 years.
Religare research has come out with its earning estimates on the FMCG sector for the quarter ended June '08. According to the report. Q1FY08 net sales are expected to go up by 358.3% at Rs 1446 million. During the same quarter, its net profit is expected to go up by 327.2% at Rs 427 million.
Our PMS MEMBERS hold good position in Karutui Networks (A steal at CMP 8rs).
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