This is a 1300 cr market cap company with last year sales of 800 odd cr. The company has been posting an increasing Net profit figure since the last 8 quarters. The figure of sales looks like will cross the 1000 cr mark easily as this Quarter the company crossed the 250 cr sales mark. The company is trading at forward PE of above 10 at the current price, but with a trailing PE this figure increases considerably. Now that basically means that the company is expected to grow at a good rate if it has to command these valuations. The company is into engineering and its a Birlas company. The company right now is into a negative trend (which co is not???) but this stock can be kept on a watch, as the growth it is showing currently is impressive.
21 June, 2008
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