NSE News - Latest Corporate Announcements

Thursday, April 15, 2010

Pitti Lamination: Positive news in Moneycontrol

Ashish Chugh on April 5,2010 has recommended a buy on Pitti laminations citing improved margins.
On 5th April 2010 Pitti closed at a price of Rs 43.95. We had first recommended Pitti Laminations at a price of Rs 34 on December 2009 and improved margins were reported on Feb1,2010 when Pitti lamination price was Rs36.8..
With mainline news companies picking up the stock the stock is poised for further rise.. A target of 1 times sales is a good conservative target for a company in infrastructure,power category. 12 to 24 months time horizon is recommended.

Here is the link to the article in moneycontrol (Link)

No comments: