Buy Ganesha Ecosphere; target of Rs 474: Joindre Capital

Joindre Capital's report on Ganesha Ecosphere

Ganesha Ecosphere (GEL), incorporated in 1987, is India‟s largest polyethylene terephthalate (PET) bottle scrap recycling company with a 25% market share,primarily engaged in the production of regenerated polyester staple fibre (RPSF) from waste PET bottles. GEL currently has a cumulative capacity of 97800 TPA (87600 - RPSF (fibre), 7200 TPA – RPSY (yarn) and 3000 TPA - dyed and texturised/twisted filament yarn).

Outlook

Hence we believe that the GEL stock should be purchased at the current price for a price target of around Rs 474 for the next 12 to 18 months For all recommendations report, click here

Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.