Buy Medi-Caps (BSE only) on dips at 79 for a target of 9-month target of 98 (+24%).
Medi Caps is the second largest gelatin capsule manufacturer. But it also has Rs 38 crore worth of debt mutual funds in the company's investment accounts. Company has recently entered into a joint venture for a Pithampur SEZ spread over nine acres for manufacturing gelatin capsules which adds Rs 40 crore or Rs 45 crore to the balance sheet (project is named MEDGEL). This company is also DEBT FREE!
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