I have recommended a BUY on DFM FOODS @ Rs.48/- ( Old Report HERE) which is currently trading @ Rs.126/-. Yesterday company reported good performance in fourth quarter.Its turnover in fourth qtr is Rs.35.14 Cr v/s Rs.20.45 an increase of 72 % and net profit jumped to Rs.2.58 Cr v/s Rs.64 lac. In the full year ,company posted a sales of Rs.120 Cr and a net profit of Rs.8.32 Cr . On an equity base of Rs.10 Cr full year EPS is Rs.8 + .Company showing overall improvement including margins. One may hold at current level and BUY on declines below Rs.100/-
Monday, 23 May 2011
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