Asahi Songwon Colors : Stock update

Stock recommended in March at Rs111-113 had touched high of Rs 150 in April and again got into same levels. Today it has taken good jump and touched 130.

1.Excellent result for FY-14-15 .delivers EPS of 14-15
2.Dividend of Rs 3.5 declared
3.Drastic improvement in margins NPM increased to 7.36% from 4.82%(2014).

Long term investor continue holding the stock for revised target of 175.
New investors can buy at CMP of 126-130 or watch and buy on dips.