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Sunday, November 1, 2009

Ecoboard Industries Ltd:Prospects,potential,news/views/analysis/growth outlook

Scripscan:Ecoboard Industries Ltd
cmp:10
Code:523732

Story:Ecoboard is basically a play on the business potential for environment technology. This company has two divisions; one is the bio-gas division, where they convert waste from distillery industry into energy, which can be used by the distillery companies. The second business stream is the particleboard, where they use waste material for manufacturing this particleboard. The company is now doing reasonably well.With the boom in construction industry and so many new projects coming up the demand for their particle board product will increase. The biogas division also getting good orders from industries.The company is expected to perform reasonably well going forward.At rs 10 its worth a look considering the potential and prosepects that it offers.I do not see anything prima facie wrong with the company. I think that it can easily double from the current levels in 18-25 months time horizon.

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Posted by arun at 6:47 AM

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