Considering the probable strong income margin and very fast growth of the petroleum sector it seems this company will really post good result. During the current FY it is estimated that company will earn the net profit of Rs. 787 crore with sales of Rs 26275 crore and also it is an estimate that it will register the EPS of 52.8.
At present the scrip is quoted with 5.5 PE that quietly indicates that it may be a multibagger scrip.
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Sunday, April 11, 2010
SOKHI PICK OF THE WEEK : Chennai Petroleum Corporation Ltd ( MULTIBAGGER )
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All the advises,calls,tips and predictions are neither an offer nor a solicitation to purchase or sell securities.The information and views given by writer is believed to be reliable but no responsibility (liability) is accepted for error of facts and opinion.Writer may be trading in or having positions in stock markets.
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