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Can i by ruchi soya 1000 shares right now whats future of ruchi soya&reliance petrolium ltd also can i by right now

About: Company: Ruchi Soya Industries Ltd.

Tags: shares, ruchi soya, future of ruchi soya&reliance petrolium ltd
Asked by rakesh, 24 Mar '08 10:09 am
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I think it would be a good buy at current price levels. The company is expected to report 150 to 160 Cr of profit for the Fin Yr ending Mar 2008; this brings the PE to just about 10.
The company is growing and the nutrela brand is very strong in the soy market. Moreover, it is about to launch a soy based health drink which, if it becomes popular, will open up a new market for the company. But since soy-based drinks haven't succeeded in India earlier, it's a real challenge.
The company is poised for a steady gowth in an increasingly health conscious and growing middle class market. Do not expect the price to double in a year, it will give you good steady results in the long term (3 - 5 years).
You might as well consider Marico which is similarly well positioned to tap the growing market of Health Care thru Kaya Skin Clinics which have been great hit domestically and internationally. It is planning huge expansion in India, Middles East as well as neighbouring Bangaldesh. Plus it h ...more
Answered by rajiv chandalia, 25 Mar '08 08:12 pm

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