Company has recently acquired one of the company based at Italy which provides raw material. This acquisition will help the company to improve its operating and profit margins because of backward integration. Moreover, company is expanding its reach in market of Europe & USA by marketing newly introduced chemical products. Company enjoy market leader position for its products with strong research & development.
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.