Oriental Carbon & Chemicals Ltd - Penny Stock Idea

[swingtrade]

CMP : 139

Oriental Carbon & Chemicals Limited manufactures insoluble sulfur. The Company markets its products in India and worldwide through a network of dealers. Their product is available in various grades to cater to specific customer needs.

Its a 140 Cr market cap company. Liabilities are pretty well managed. Major positive is high NPM of close to 20% and that at a P/E of less than 5 makes it a very attractive buy. Buy, hold and accumulate on dips. Hold long term to reap maximum benefits while closely watching results.

[rmani84]

Oriental Carbon and Chemicals has reporte d a sales turnover of Rs 42.51 crore and a net profit of Rs 9.39 crore for the quarter ended Dec '10