Camlin Fine Capitals shares down 8 percent

By SiliconIndia   |   Friday, July 30, 2010
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Bangalore: Camlin Fine Capitals was among the top losers, after its shares went down by nearly 8 percent. After opening the day at Rs. 95.55, the stock touched the day's low price of Rs. 81, before ending the day at Rs. 90.21, down 7.99 percent. Through the day, 15,324 shares of Camlin Fine Capitals were traded in the market with the current P/E ratio of 11.26. The 52 week stock price chart is on the left. Camlin Fine Chemicals is an India-based company engaged in the manufacture of fine chemicals. The Company is a manufacturer of active pharmaceutical ingredients (API's), food antioxidants and sweeteners. The Company operates in two business divisions: Food Ingredients Division and Industrial products Division. The Company has developed a product for natural freshness preservation of fresh fruits and vegetables. Dulcette Technologies, LLC is joint venture company in the United States, primarily to focus on marketing of Company's products in North America. It is a manufacturer and exporter of food antioxidants, such as TBHQ and BHA to more than 45 countries worldwide. According to the broking house Firstcall, net sales and PAT of the company are expected to grow at a CAGR of 18 percent and 20 percent over 2009 to 2012E respectively. Out of the five analysts following the stock, 3 analysts recommend to hold the stock. The consensus recommendation is that the stock will outperform.
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