Wednesday, January 3, 2007
Current Picks: Gupta Synthetics (bse)
Gupta Synthetics is a textile processing company having very strong fundamentals. First recommended by me at 118 levels, this stock ran upto 390 levels with a month and a half of my reco. Subsequently a 2 for 1 bonus was announced by the company, but since the record date was not informed, the stock corrected back to around 250 levels. The record date for bonus has been announced as 8th Jan, 2007 and the stock has started rising again after my second buy call. Currently at 309 levels, Gupta Synth is still trading at a PE of less than 5, leaving a great scope of appreciation. If the company continues to post good earnings figures consistently, a target of over 500 can very easily be achieved for the medium term investors. Visit the company's website: www.guptasynthetics.com for more information about the company.