October 23, 2012

Balmer Lawrie - Investment Idea


Balmer Lawrie (FV - 10/-, Dividend - 280%)

Weekly charts show a breakout in place. It has been moving nicely from Sept'12 from the lows of 560 levels. It is a virtually debt free company with good dividend.

Last  year EPS - 86, Q1 EPS for this year is 28.
Book value as of 2012 - 350

Daily Chart is shown below


Technically on charts, it seems good for 680 to 750 levels with stop loss of 630

One can keep eye on this stock for slow and consitent returns.

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