Bhageria Dye Chemicals : Buy at CMP 107-110

Bhageria Dye Chemicals is 25 year old company in dye and speciality chemicals with a consistent dividend paying record,last year dividend increased to 35% from 8% (previous year) reflects management is investor friendly and rewarding investor based upon the performance.

The turnover of company last year almost got increased by  300% and net profit also multiplied.Company has increased it's production capacity to almost 5 times The June quarters results are excellent  and going forward Sept quarter results should follow the trend. Company exports almost 40% of it's production which has scope of growth going forward.

The stock seems to be highly undervalued.Technically it had created high of Rs 215 then came down.It has potential to touch new highs if the company continue to deliver good results chances of which are very high.

Investors should consider buying this stock at current level the stock could fly  from current level .

14-11-2014 : Stock price touches 130