REPEAT -KRBL recommended 10 Month back has achieved the target-Upgrading new Target Price Rs 180
- We have recommend KRBL in Jan this year for a target of 70. This has been achived.
- Old Posting -->http://niftyhistoricaldata.blogspot.com/2014/01/krbl-multibagger-2-yrs-timeframe-trgt.html
- We feel there is trong growth story left in this comany as Indian Consumtion of Basmatic is rising very well and will continue. The EPS is steadily growing and so is the Profit.
- With strong Management and strong Brand like India Gate this stock will see steady growth as brand consiousness is increasing in India.
- So we recommend to Hold or sell and recover your investment and hold the rest as free with a new Target of 180 Rs in 2 yrs time frame
KRBL Multibagger 2 yrs timeframe Trgt Rs 70
- Have you heard a Company called KRBL, the answer will be no, Have you heard India Gate Basmati rice, the Answer will be YES,and its a Brand that is owned by KRBL.
- Khushi Ram and Behari Lal the 2 brother who started KRBL in 1889.In early days they where focusing on Wheat,Oil and Cotton as the primary business, but slowlly they shifted thier focus to Basmati rice.
- They started thier Exports in 1985 and have the one of the largest Basmati processing plant in Noida,UP.
- The company become public in 1993 and since than have marched along with numberous awards certificaiotns and Reconginitions.
- Thr company is the worlds largest exported of Basmati rice. Also the rising Domestic consumtion is going to give good revenues for this stock because of thier brand "India Gate"
- Though thier Debt is bit worrying, but as the company has taken steps to get down the debts, we feel that the Stock to move to minimum 70 Rs in 2yrs timeframe
