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Wednesday, August 26, 2015

Manali Petro : But at CMP of Rs 24-25 if you have missed investment in the past when reccommended at 16-17 level



MPCL has declared excellent quarterly June-15 results.

NP margin has changed drastically due to low crude prices . Expansion has been planned.

Available cum dividend of Rs 0.50 expected EPS of 4 in FY 2015-16 stock available at forward PE multiple of 6.

It has limited down side risk one may SAFELY buy at current levels for target of Rs 35-40
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3 comments:

  1. UnknownSeptember 11, 2015 at 8:38 PM

    sirji we need u... where are you.... it is a good time for some investment i think....

    ReplyDelete
  2. UnknownOctober 20, 2015 at 2:49 AM

    should we hold it after todays big upmove or should we sell it?

    ReplyDelete
  3. Mukesh BhatiaOctober 20, 2015 at 8:23 AM

    Hi Varun i guess you are referring to Manali Petro.My given targets are intact if you are short term investor you can sell and book profits at 32-33 levels from there on i guess financial performance will drive the stock and i am hopeful of good financial performance quarter on quarter basis

    ReplyDelete

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