Stock at inflection point?

This stock is looking good considering the expansion plans and considerable growth in the housing & Commercial projects. The stock is a steady mover because of its slow but consistent business growth strategy. This is evident from the relatively progressive and stable FII and DII holdings in the stock . Peer companies of this sector are raging with very high valuations . Company is one of the largest providers for Agriculture Pipes & fittings, Casting pipes, Column Pipes, Solvent cement & lubricants , and for Infrastructure – CPVC Pipes, SWR pipes, Plumbing pipes, Solvent Cement, sewerage pipes. #

The company is quoting at P/E of 14.8 and 3x of its book value and ROCE and ROE close to 30% . The stock has a score of 10/11 on our internal quest algorithm . The company has 2x its operational revenue year over year recording its highest ever operational margin in its history of existence, that super impressive and an indication of the growth ahead .

Stock Name : Finolex Industries.

Recommendation : Buy at current price of 175 and keep a target of 240 in short term and 310 in 9 months.

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