Friday, November 16, 2007
SOUTH ASIAN PETROCHEM LIMITED
SOUTH ASIAN PETROCHEM LIMITED operates in the Petrochemicals market and has been doing quite well in recent times. Its half year EPS is already Rs. 2.71 and with a projected full year EPS of 5 plus, this stock deserves a re-rating upwards. Especially when petrochem companies have become the darling of the markets recently, with some stocks in this sector doubling and tripling in no time. Promoters are acquiring more stake in the company and this stock is a potential multibagger.