VALUE PICK FROM INDIAN STOCK MARKETS

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Monday, March 8, 2010

MAKERS LAB

Makers Laboratories Ltd( Bse Code -506919) is a small pharma company promoted by the same promoters of IPCA Laboratories ltd.Company’s performance is improving after the disposal of its loss making unit at Palghar and efforts taken by improving the the sales of generic formulations. For a management like IPCA there is not much difficulty to revive this company, only their willingness is the moot point. Their recent efforts are positive indications towards this company .Makers Lab is expected to post an EPS of Rs.5/- for the full year .At current market price of Rs.35/- there is nothing to loose but IPCA fold and their new initiatives giving some confidence of better days ahead.