LKP Shares neutral on Gwalior Chemical Industries

LKP Shares has maintained its neutral rating on Gwalior Chemical Industries in its August 14, 2008 research report. "We expect GCIL to achieve a 25% growth in revenues and profits this fiscal (without considering other income) and 30% growth in net profits during FY'10 on the back of a 25% growth in revenues. Considering the projected growth rates and present valuation we remain Neutral on the stock at current levels and recommend fresh investments at around Rs 85 levels," says LKP Shares' research report.

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