Kajaria Ceramics
Kajaria Ceramics Ltd., an Indian ceramic tile maker backed by billionaire investor Rakesh Jhunjhunwala, may spend as much as 1.5 billion rupees on a new unit in the nation’s south to meet demand. Net income may raise 53 percent from a year earlier to 550 million rupees in the 12 months through March, while sales will reach 10.5 billion rupees, a 43 percent increase. Output at an existing plant in north-western India’s Rajasthan state will increase by fourfold in January as a new product line commences. The unit in southern India may be built in the year beginning April 2012. Jhunjhunwala, named by Forbes magazine as the Warren Buffett of India, owns about 3.4 percent of Kajaria, according to data compiled by Bloomberg. I recomend to my clients to buy this stock on declines for a traget of Rs 90 with in 12 months period . Current Market price is 77.40
http://www.kajariaceramics.com/CorporateFilm.htm
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