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Friday, July 15, 2011

Techtran Polylenses Ltd:-Buy/sell/,growth prospects and recommendation,news and results,target price and analysis,views and outlook,multibagger

Scripscan:Techtran Polylenses Ltd
cmp:23
Code:523455

Story:Techtran Polylenses Ltd is engaged in the business of Manufacture & Sale of Hard Resin Plastic Ophthalmic Lenses. It is the largest producer of plastic lenses in India and is the only ISO 9002 certified, Ophthalmic lens manufacturing unit in the country, offering full range of lenses.The plant is located in Andhra Pradesh and the total capacity is about five million lenses per annum.Recently techtran has been acquired by Mr Jayaram Chigurupati who was the promoter of Zenotech Lab Ltd.Now, Dr Jayaram earlier was the managing director of a subsidiary of Dr Reddy’s and he was largely responsible for establishing the presence of Dr Reddy’s in a number of emerging markets. Thereafter he floated the Zenotech Lab and then he sold Zenotech Lab to Ranbaxy Ltd and he also sold his own personal stake in Zenotech Lab to Ranbaxy.He is focussing bigtime now on techtran poly and aims to make it a company to reckon for in the industry it operates in.Techtran's Technology is imported from Italy and U.S.A and the quality and yields of lenses of it are comparable to the World Leaders in the Industry.Several new surfacing laboratories are coming up to increase the demand for remunerative semi-finish and value added products of the company.Techtran's prices are very competitive for these products and preferred over imports due to service and local availability. The company is focussing more and is aggressively pursueing this growing domestic market. Plastic Lenses acceptability / awareness is increasing day by day in India and it should be a good opportunity for growth in the coming years for the company.Considering the quality management,sunrising sector,high growth potential,bright prospects, TECHTRAN POLYLENSES at declines looks worth a bet with a medium to long term perspective.

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