Baliga told CNBC-TV18, "Radha Madhav Corporation was a highflier sometime back. It was quoting Rs 80-85 levels and people had targeted around Rs 120-125 for this stock around 1.5-2 years back but from there it fell to levels of around Rs 10-12. Currently it's quoting at around Rs 19-20."
He further added, "These people are basically into packaging especially pharmaceutical packaging but unfortunately they had expanded when the markets had started coming down, the economy was on the downturn and this reflected in the results where they have been reporting losses. But with the facilities which they have; they have sixth largest plan as far as packaging is concerned. So if things work out fine for them going ahead this stock should be a flier but at least for the time being it would be limited to around Rs 25-30."
Disclosure: You can assume that I have investments in the above stock but it's a very small portion which I am willing to lose.
