Company has outperfomed Sensex in last 2 years, giving returns of almost 215.28% compared to Sensex returns of 101.27%. In last one year, company gave returns of 20% compared to Sensex returns of 7.25%. In addition to this, company has paid 10% dividend and dividend yield at current market price of stock is above 4% which again makes the stock a safe bet during current phase of market correction.
Company is expected to deliver the similar performance as that of past based on domestic demand driven consumption in India. Recently new range of products have been added by the company in its product portfolio.
Team of equity analysts at Saral Gyan believe that the company is all set to deliver strong numbers in terms of growth and profitability in FY 2010-11 & 2011-12. Stock is trading at attractive valuation when compared with peer group and could be a multibagger stock with two year time horizon.