Hem Securities has recommended a buy rating on Gujarat Fluorochemicals with a price target of Rs 300 in its June 11, 2008 research report. "The company has been a pioneer in the refrigerant business and is has also diversified into the power generation and carbon credits. The chemical complex commissioned in Dahej will strengthen the cost competitiveness of the company by making it amongst the most integrated manufacturers of these products and add longevity to the company’s refrigeration business. The growing demand for PTFE is also expected to take the company on higher rungs of success. The company’s top line and bottom-line has grown with a CAGR of 61.41 % and 92.92 % re-spectively from FY05 to FY08, indicating the robust growth in its business."
"Presently, the stock is trading at Rs 195 which is 7.05 times to its earnings and 2.28 times to its book value. Keeping in view the robust opportunities in the industry, capacity expansion of the company and the growth rate of Gujarat Fluorochemicals, we initiate a ‘BUY’ signal on the stock with a price target of Rs 300 in the long term investment horizon, expecting an appreciation of 54% from the current price of Rs 195" says Hem's research report.
Thursday, June 12, 2008
Stock Idea: Gujarat Fluorochemicals
Intraday Trading Calls for 12th June
Nagetive opening expected today for indian stock market and remains same through out the day. Sensex support 14800 and Nifty 4400.
Today's Intraday Stock Tips/Trading Calls:
SATYAM COMPUTER
PUNJ LLYOD
NIIT LTD.
DECCAN CHRONICLE (DCHL)
CAIRN INDIA
YES BANK
For Levels and Targets CLICK HERE.
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