CMP: 39

Puneet Resins Ltd. manufactures polyvinyl chloride and rubber compounds. The compounds have qualities such as oil resistance, flame retardancy, ozone resistance, and fuel and solvent resistance.

Puneet Resins is a 20 Crore penny cap stock trading at a P/E of less than 5. Pretty high dividend yields of close to 3% in the last 12 months. Its fundamentally very strong with minimal liabilities. Revenues have grown 3 fold in the last 5 years and profits have grown 30 fold in a very impressive manner. The growth has been consistently high. Decent NPM of close to 10%. The stock is on a high now. Buy and accumulate below 35 and hold for long term gains.