Scripscan:Ambalal Sarabhai Enterprises Ltd
cmp:12
Code:500009
Story:They are the largest manufacturers of vitamin-C. They have a big real estate chunk. At one time, they were a pioneer in this field, and lately they have been tying up with various pharmaceutical companies, on a 50-50 joint venture basis for marketing. It is a turnaround story, and one can expect improvement in their working in time to come.People are running for all these dud stocks, which do not have any merits. Atleast this company has the foundation and the background. They also have the tangible assets and expertise in the field. So at Rs 11-12Rs , this pharmacy appears to be very cheap. It looks like, it can give a good upside.The vitamin-C market has been very volatile. The price fluctuation is very high for the product. So they have been going for JVs, by utilising their infrastructure of the real estate and the personel, and they are trying to come out of that. Ultimately, the expertise of the infrastructure or the manpower will be utilised on a JV basis. We hope that they would be able to do better and turnaround, because we have seen these kind of cases hapenning.Its certainly a stock to keep a close eye on.
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Sunday, November 1, 2009
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