SREE RAYALASEEMA ALKALIES & ALLIED CHEMICALS LTD is the flagship company of the TGV Group .It is the leading producer of Chlor-Alkali products and also manufactures Castor Derivatives and Fatty Acids.
For last year inspite of the market going up , the share price of the company has remained subdued because IFCI which was holding 16.5% of company’s Rs 78 crore equity or 129 lac shares as on 1st April 2014 was seller at every rise in share price.NOW that IFCI has completely exited the company and 16.5 % equity has changed hands and well absorbed by retail investor and corporate bodies, the share price is set to rise .
BV at end of 31st March 2015 is expected to be Rs. 35 and top line close to Rs. 800 crore , with EPS of Rs. 4..
|View in (Million)||Prior Period|
Buy at CMP of Rs. 11-12 is recommended for a long term HOLD..
Caveat : I HOLD
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