MRPL was down to almost 50% capacity during the last qtr. In the current qtr operatiions are on at its rated capacity. The works on adding almost half more production capacity is on completing by end of 2011. The plastic manufacturing plant will be operational by the year end.
Presently, the stocks are on a gradual rise, it will catch momentum by next month and will cross Rs 85 by mid Aug. You can expect it to near Rs 100 by Oct. It is safe time to invest in MRPL. You may double your money (CMP Rs 69) by Dec 11.