1. Nitco tiles has the potential to become a real millionaire potential scrip as with in last two years it has graduated from 5th largest player to 2nd largest player in India.
2. Point to note here is that India is on a threshold where real estate construction is going to explode in an exponential manner.
3. Nitco tiles has garnered a market share of 15% and it offers a number of flooring solutions which ranges from vitrified, ceramic tiles and marble.
4. Nitco is going to expand by virtue of its eyeing overseas market in form of Europe and US.
5. A number of strategic investors has already lined up in form of Reliance mutual fund, HSBC and Promethean.
6. Stock is trading around 13.9 times its FY08 estimated earnings and 10 times its FY09 earnings.
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2. Point to note here is that India is on a threshold where real estate construction is going to explode in an exponential manner.
3. Nitco tiles has garnered a market share of 15% and it offers a number of flooring solutions which ranges from vitrified, ceramic tiles and marble.
4. Nitco is going to expand by virtue of its eyeing overseas market in form of Europe and US.
5. A number of strategic investors has already lined up in form of Reliance mutual fund, HSBC and Promethean.
6. Stock is trading around 13.9 times its FY08 estimated earnings and 10 times its FY09 earnings.
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