Garware Polyester looks good at the current level: SP Tulsian

SP Tulsian of sptulsian.com is of the view that Garware Polyester looks quite good at the current level.

Tulsian told CNBC-TV18, "Garware Polyester is the largest polyester and sun control film maker in India and seventh largest in the world. If you see the performance of the company for last 18 months, they have been continuously increasing their topline and bottomline. In fact, their focus has been more on improvement in their bottomline. For first nine months of the current year they have a turnover of Rs 600 crore plus with PAT of about Rs 105 crore.But if you go by the expected performance for the Q4 ended March 2011, they are likely to post PAT of close to about Rs 38 to 40 crore and that will translate into an EPS at about Rs 63-65 per share for the full year of FY11. Also, if you see share presently ruling at Rs 110