Manali Petro Chemical: Stock update: Reccommended Buy in November-2014 at Rs16-17 touches new high of Rs 20 today

1.Stock touches new high of Rs 20 today
2. Achiever turn over of 733 crores in 14-15 with EPS of Rs 2.56
3.Declares Dividend of Rs 0.50 on FV of Rs5.00 i.e 10%,

4. Company going to increase the production capacity by 3 times in staggered manner on year on year basis in next 4-5 years. It would require an investment of 100crores.The first phase would be completed by March-2016 which would increase the existing capacity by 50% resulting in incremental turnover increase of 280-300 crores every year.

5: MPCL can easily achieve 1000 crores by next year after completing the first phase of expansion. and continue adding 280-300 crores in next 4-5 years of  planned expansion


Long term investor continue holding this stock which has now gone to uncharted orbit new investor can invest at current market price of 19-20 for one year target of 30-35 from current levels.

A real multi-bagger in making .