Tuesday, July 24, 2007
Investment Pick : THIRUMALAI CHEMICALS
Thirumalai Chemicals is a great stock for investment, at current mkt price. The company has posted an excellent eps for the June 07 quarter of Rs. 11 plus. The full year's eps for 2006-2007 was Rs.24 plus. The company has recently given 90% Dividend also (9 rs. per share). The medium term target for this stock is Rs. 300 and Long term Rs. 400. Currently trading at a low single digit PE. Downside risk is minimum and Upside gains can be huge.