Saturday, October 30, 2010

Updation on Panama petro & Morganite crucible

Morganite Crucibles, a 74% Indian arm of Morganite of UK, is expected to post an EPS of Rs.40 in the current year. A conservative P/E multiple of 10 will take its share price to Rs.400.

Panama Petrochem, which posted quarterly EPS of Rs.12 is doing well and is expected to clock an EPS of Rs.60. With an expansion plans of Rs.300 cr., the share is poised to cross the Rs.400 mark.

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