Multibase India Ltd is originally started operations
as Synergy Poly in 1992. Company’s main product is
thermoplastic elastomeric compounds includes master
batches of synthetic resin, polypropylene, rubber
compounds, thermoplastic master batches, silicone
rubber ..etc.Company came through a two step change
in management control and now a part of Dow-Corning
(France)which is a subsidiary of
Dow Corning Corporation USA ,a joint venture of
American chemical giant Dow Chemicals and
Corning Inc ., a world leader in specialty glass
and ceramics.Company’s products are
used mainly in sectors like Automotive,
Personal Care, Personal hygiene,Stationery
,Telecommunications etc.
It is unfortunate to see that ,even if the
current promoters behind this company are world
leaders in their respective fields and the
products having good potential in a country
like India,they are not giving sufficient
priority to this company.As a result of their
negligence and overall recessionary
situation in past few years led the company
into a loss of Rs.2 crore in last year.But in
FY 2009-10 ,company posted a profit of Rs.2.69 Cr
and an EPS of Rs.2.13.If the promoters are really
interested in this company ,
the potential is huge for this MNC with the patronage
of conglomerates like DOW Chemicals and Corning Inc.
Keep an eye on the developments in this company
which may be a multi bagger ,only moot question
is the attitude of promoters. Currently it is quoting
around Rs.35, where even huge loss making MNC’s
are trading in three digits.
WHAT YOU THINK FOR gujarat leasing and finance in long term, results has shown some improvement and company is in strong hands of torrent group. please give your views.
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Really I dont know how to react on your tips, becoz whenever you give tip the stock gets locked in upper circuit and we hardly get an opportunity to enter in that and when the UC stops we rarely see the kind of movement which we expected while entering. Nath Bio Gene is a classic example.
ReplyDeleteReally I dont know how to react on your tips, becoz whenever you give tip the stock gets locked in upper circuit and we hardly get an opportunity to enter in that and when the UC stops we rarely see the kind of movement which we expected while entering. Nath Bio Gene is a classic example.
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