Garware Wall Ropes a dominant player bothin the local and international markets is engaged in manufacture of synthetic cordages,fishnets,and sports nets.
The products of the company are widely used in industries like fishing, sports shipping, oil exploration, agriculture etc to mention a few.
POSITIVES
1) Company has been regularly introducing value added products on a customised basis
2)Product range covers a host of industries
3)more than 35%of the turnover is contributed by the export market and the share of this is expected to grow further in coming years.
4)A consistent dividend paying company and even at current price of 49 the yield is attractive. 5) Rising polymer prices are now under control and this could benefit the company.
I expect the company to achieve an EPS of close RS 9/10 for the year to end MARCH 07..........buy arnd 45 levels......target arnd 75-80 seems quite likely
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