Buy Advanta India: LKP Shares

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Buy Advanta India: LKP Shares

LKP Shares has recommended a buy rating on Advanta India. Advanta India Limited (AIL) has signed an MOU with leading oil formulators-TEAM and CALSA in Latin America for different applications on NUTRISUN.

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ALSO READ See previous views by LKP Shares See what other Experts & Brokerages are saying about Advanta See messages about Advanta Advanta BSE | NSE 31/05/12 Are Mutual Funds betting on Advanta?

LKP Shares has recommended a buy rating on Advanta India in its March 26, 2009 research report.

"Advanta India Limited (AIL) has signed an MOU with leading oil formulators-TEAM and CALSA in Latin America for different applications on NUTRISUN. It is a non GM healthy oil with 20% stearic and 60% oleic content. AIL trading at 9xCY'10E earnings is the best way to play the agricultural productivity theme across multiple geographies and despite the fact that the global shortage of corn and sunflower in 2008 made it an extraordinary year we believe that AIL is a good investment bet. The key constraint is the poor liquidity in the stock (as promoters and institutional holding is close to 93%). "BUY"," says LKP Shares' research report.

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To read the full report click on the attachment......