Medi Caps Ltd - Penny Stock Idea

[rmani84]

CMP : 79

Medi Caps Limited manufactures empty hard gelatin capsules.

Medi caps is a 24 Cr market cap, falling under smallest of small caps. Its been consistently in profits in the last 5 years although it has dipped in last 2 years. You never know when pharmaceutical companies will start spiking. At a P/E of 6.72, its currently trading at a fair price. The stock looks bullish on the chart and its not a bad time to buy it now.

[swingtrade]

Medi-Caps has reported a sales turnover of Rs 6.42 crore and a net profit of Rs 0.95 crore for the quarter ended Dec '10