Sicagen can be bought on dips

One can buy Sicagen India (BSE:533014, NSE:SICAGEN) on dips near 33 and hold for a short term 3-4 month target of 41 (+24%). In the longer term, after an year or so, the script can easily be trading at 55-60 levels; its diveresified business model will continue to ensure that the company will stay cash rich and have steady cash flows.