Gandhimathis Appliances Ltd - Penny Stock Idea

[swingtrade]

CMP : 74

Gandhimathi Appliances Ltd. manufactures and markets small household appliances. The Company's products include stainless steel pressure cookers, pressure pans, unbreakable vaccum flasks, vaccum lunch boxs, and stainless steel canisters.

The company sells under the brand name "Butterfly" and is no 1 brand in LPG Stove in south India. They also reasonable share in other products. On the chart, the stock finds good support at 65 - 70 zone. At P/E of 7.5, its currently trading at a fair price. Revenues have been growing consistently. Only concern in NPM. If they manage to improve that, the company can do wonders.

[sunil]

thanks cmp 86

[swingtrade]

up and away !

[rmani84]

Its time to book profits in Gandhimathi Appliances ...

Valuations are little on the higher side and profit booking is seen ... Its a fundamentally good stock and one can look to re-enter at lower levels ...