Buy Himadri Chemicals, says Shenoy

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Buy Himadri Chemicals, says Shenoy

Sandeep Shenoy of PINC Research is of the view that one can buy Himadri Chemicals.

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Excerpts from Midcap Radar on CNBC-TV18 Watch the full show » ALSO READ See previous views by Sandeep Shenoy See what other Experts & Brokerages are saying about Himadri Chem See messages about Himadri Chem Himadri Chem BSE | NSE 30/05/12 Are Mutual Funds betting on Himadri Chem?

Sandeep Shenoy of PINC Research is of the view that one can buy Himadri Chemicals .

Shenoy told CNBC-TV18, "I would like to bet ideas which are scalable, where margins are quite safe and where visibility is there. That has been our theme for quite some time. The business model of Himadri Chemicals is scalable, margins, which are predictable, and it is all expanding in India and outside India. I guess it merits a buy and is going to give you somewhere close to a 50% CAGR for next three years with high amount of risk control."

Disclosure: Analyst doesn't hold the above stock.