Thursday, May 6, 2010

ASTEC LIFE SCIENCE - Patience will Pay

Astec Lifescience is promoted by Mr Ashok
Hiremath and Dr.P L Tiwari. Ashok is the
brother of Jay Hiremath , the main promoter
of  another listed company HIKAL Ltd.In the
early stages, Ashok was also a
joint promoter of Hikal but later he came
out of Hikal and promoted this company.Astec is
a producer of active ingredients such as
Hexaconazole, Propiconazole, Metalaxyl,
Tebuconazole and Dicap which are used
for manufacturing fungicides and anti-fungal
drugs.Company’s major customers
includes Syngenta ,Indofil ..etc.Last year
company came out with an IPO to fund its
expansion plan .This expansion
will be completed in 2010-11 and capacity will
be expanded to 4000 tons.At present ,company is
running in existing full capacity. Agrochemical
industry is expected to perform well in future and
company is alls set to tap the opportunities in export
market for selling its products
after the expansion. Investors with patience
can buy at CMP of 57/- for a 100% return in two
year time frame.


  1. KOPRAN bse code 524280@42/= is a great turnaround story of 2010.Exactly the same happend with LUPIN when it was quoting at 62/= way back in 2002 and looking at the low price I bought the stock in huge quantity.Lupin is now trades at 1900+ ex 1:1 bonus.I feel same thing is happening here with KOPRAN and looks super multibagger from hereon.In fact,it is another LUPIN in making.Good opportunity to grab such stocks and held on for super duper profits.Cheers.

  2. Astec life official transcript. I think its time to revisit this company



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