Indian Stock for 99% Appreciation in Value | Indian Stocks to Make You a Millionaire
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Indian Stock for 99% Appreciation in Value

Posted By On 9:38 PM Under

1. I have recommended earlier also for this stock and it is Sintex Industries. Even Motilal Oswal has maintained buy rating for the said stock and has projected a target of Rs 288 in its January 13, 2009 research report.

2. It is worthwhile to note that Sintex 3QFY09 consolidated sales are up 33% YoY and consolidated PAT is up 21% YoY at Rs 708 million.

3. Sintex has been able to do well in its niche segment as it keenly watches the life of a common man and finds out the things which can bring a change in their life in a cost competitive advantage.

4. Sintex has emerged as a leader in new construction technologies (pre-fabs and monolithic) and increasing replacement of metal by plastic composites in several areas such as autos, electricals, electronics, medical equipment, aerospace, defence, etc

5. It is a worth investment as Motilal Oswal which is a renowned firm has given a target price of Rs 288 (10x FY10E) and it represents a 99% upside from current levels.

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