Scripscan:Temptation Foods Ltd
cmp:40
Code:519228
Story:Temptation Foods Limited is engaged in the processing and Individually Quick Freezing (IQF) of fruits and vegetables using the latest technology and processes.Food exports comprise a major portion of its revenues.It also continues to establish a domestic presence with the brands Everfresh in the Frozen foods and Karen Anand in the Gourmet products category. Being at the forefront of the Industry's development, It represents one of the largest organized publicly listed companies in this domain.it is a a decent Food Sector company with established brands in the market.They have really good market share and enjoys a robust repupation in the market.But here too promoters have been proven to be shady with their PLEDGED Holdings getting sold in the mkt as they defaulted on their loan repayments.Nevertheless I feel TEMPTATION FOODS still holds a chance of being restructured and bought over by a strong management because of its Established brands.Plus a lot of FIIS are caught at higher levels.So even they would weild their influence in Bailing the company out.I personally like this company rather the brands and would suggest a hold on to it.
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Saturday, September 19, 2009
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