Garware Polyester (Rs. 89) (Code : 500655)
Mumbai based Garware Polyester Ltd is the largest manufacturer of Polyester films in India. In fact, GPL is the first Indian company to start production of polyester films. Its brand ‘Sun Control” film has become a household name in India and it is patented in 16 countries and is exported to over 40 countries. Main application of polyester films are: · Solar control · Packaging · Reprographic Surplus Land: GPL has its office in Mumbai, very close to domestic and international airport. GPL is likely to shift its office elsewhere and sell this land in near future. Sale of Mumbai land alone should fetch more than Rs 400 cr.
Stock is available at 3.85xFY10E Eps which is extremely low considering pioneering status of GPL in polyester film industry. Recently, share price had gone upto Rs 110/. Investors may buy big quantity of GPL as scrip can appreciate at least 60- 80% in stable market conditions in less than 1 year. If land sale materialises, then scrip can give more than 200% appreciation.
Stock is available at 3.85xFY10E Eps which is extremely low considering pioneering status of GPL in polyester film industry. Recently, share price had gone upto Rs 110/. Investors may buy big quantity of GPL as scrip can appreciate at least 60- 80% in stable market conditions in less than 1 year. If land sale materialises, then scrip can give more than 200% appreciation.
Source: Internet (SmartInvestmetns)
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