Vishnu Chemicals Ltd 516072 (BUY) 94-97 (SL) 83 (Targets) 102 / 105 / 110++
Vishnu Chemicals has posted good Q2 results on the back of its new plant, improved margins and good demand for its inorganic chemicals. While turnover was up by 50 per cent, net profit grew by 400 per cent for the six months ended. Annualised EPS is likely to be over 20. Buy for a target price of 225 in next 3-4 quaters
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Monday, November 1, 2010
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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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