Tinplate: Buy for a target of Rs100

KRChoksey | Aug. 3, 2009, midnight

Key Investment Rational

1. Growth in processed food industry will lead to demand enhancement for Tinplate packaging
2. Capacity expansion will lead to higher turnover and margin enhancement
3. Strategic marketing tie-up with Corus group will help the company penetrate deeper in Europe

TCIL is amidst an ambitious capacity expansion project through which it wants to enhance its production capacity.

Investors are recommended to buy the stock for a price target of Rs100

blog comments powered by Disqus