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Buy DIC India, target of Rs 245: Sunidhi Securities
Sunidhi Securities & Finance has come out with a research report on DIC India. The research firm has recommended buy with a target price of Rs 245 in the medium term
Sunidhi Securities & Finance has come out with a research report on DIC India . The research firm has recommended buy with a target price of Rs 245 in the medium term, in its report dated November 20, 2009.
"With a significant improved customer base, experience in varied markets, continuous technical assistance from DIC Corporation, Japan, the world's largest ink manufacturing Company and strong management team, DICIL feels confident of sustained growth in all the market segments. Buoyancy in printing and publishing sector and growth in packaging and FMCG industry is resulting in higher off take of printing inks. So there are huge potential and great opportunities ahead for DIL to grow in future. At the CMP of Rs 186, the share is trading at a P/E of 7.4x on CY09E. We recommend buy with a target price of Rs 245 in the medium term", says Sunidhi Securities & Finance.
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To read the full report click on the attachment.........
