Radha Madhav - Good Growth Story.
Radha Madhav is on good growth trajectory and projections of very high growth are been made in this stock.There is huge capacity expansion taken by the company,effect of which we may see in coming years. The key concern is high crude price,which form a major raw material for the company.If crude prices cool-off a little we may see better EBIDTA margins. If all goes well company can finish FY08 with an EPS of RS10 and 17-18 for FY09.Seeing such a high growth this stock seems to be having a lot of value. It is on upper circuit today after a long consolidation ,this stock has not actively participated in the recent bull run might be due to concern of high crude prices. I think its an good buy at Rs70 levels with an 18 months view.
would like senior members to share their views.
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