Haldyn Glass : Buy at CMP of 23-24 for target of 32-33

Haldyn Glass is Gujrat based glass containers manufacturer makes glass bottles used in liquor,pharma,cosmetics,FMCG & chemical industries.Major liquor customers are Pernod Recard and UB apart from major pharma players where volumes are growing at decent rate.

Company has  consistent increasing dividend paying record and last year paid 75% dividend.Please note it is 1 rupee face value stock.currently availaible at PE multiple of  6-7

It has good growth potential and poised to grow from here on.

"Accumulate for long term"

12-11-2014 : Hits new high of 27.90 recommended at 23-24 on 28-10-2014 

21-11-2014: Traded at 52 week high of 31.2

4-12-2014 : Given Target of 32-33 achieved and stock touched 36 on 3-12-2014

http://www.haldynglass.com/