SKM EGG PRODUCTS - recommended on Muhurat Trading Day @ Rs.60 and the same is currently trading around Rs.85. I know, many of my readers were eagerly waiting for company's September quarter results and the company keeps our faith by reporting good set of numbers. For the six months ended September , SKM reported the following figures :
I strongly believe that the company is one step closer to achieving its targets. Japanese central bank's surprise decision to continue aggressive stimulus program is expected to help for an early recovery of Japanese economy. Any improvement of Japanese economy will augur well for SKM which is the most important market for the company. The main points to note in this result is the growth in top-line even during this not so good situation in its export markets and sharp reduction in finance cost. Reduction in interest charges clearly indicating company's ongoing efforts to become a debt free company in next few years.Company already surpassed its last full year profit figures in this six months itself. Under the trusted and hardworking promoters and management , I hope company will achieve greater heights in the years to come.
In my opinion , for a disciplined investor with enough patience , still there is chance for decent gain from this stock in long term.
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