Scripscan:Avon Organics Ltd
cmp:29
Code:531541
Story:Due to the change in product mix, introduction of new products, expansion of the capacities of existing high value products and various other cost control measures taken up by the Company, Avon has market a solid turnaround.Avon has also made strategic alliances with the co-manufacturers, which have helped the it in removing unhealthy marketing competitions.Avon succeeded in forging a strategic tie-up with Arch Pharmalabs Limited for using their Research and Development facilities for development of new products, improvement in processes of existing products, leveraging supply chain efficiencies through collaborative sourcing and increasing marketing base. All these steps initiated, will enable the Company to increase the top line substantially, in the years to come.The Company is also actively pursuing strategic partnerships with leading formulation companies both in India & abroad to expand the product portfolio at its Bio-Tech division at Solapur which has USFDA approval. The managemnet firmly believes that such tie-ups and alliances will greatly enhance its manufacturing capabilities and also place it firmly in the outsourcing opportunities.With the company coming with robust numbers quarter after quarter I feel avon shareholders would be here for merry time in near future.Buy it at 25 odd to enhance your portfolio over the medium to long term perspective.
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