Solar Explosives Very Good Pick >>>

Solar Explosives can be a multibagger and con be bought @ CMP of Rs.405/- and be added if it falls below upto 360/- level -- for a Target of Rs. 650/- to 700/- witihin a year....
At current market price the scrip trades at 18 times its profits for the past 12 months. It is expected that company to profit of Rs. 50/- Crores in FY09 and Rs.72/- Crores in FY10. Thus CMP is 14.2 times its estimated FY09 earnings and 9.8 times of FY10. earnings.
Although SEL appears tobe fairly valued at CMP, its leadership position, expansion plans and entry into coal minning justify the same. The company is likely to generate healthy weath for the investors in a LONG run.