This stock was in news on Friday after it announced a share purchase agreement with UK based Borregaard Industries for acquiring 100% stake in Borregaard, Italy. The process of acquisition is expected to be completed by Feb 2011. After surging on Friday, it dipped into the red yesterday due to profit booking.

Financially, the first two quarters of current fiscal have been good with better profit margins. Cyclically, Q2 is usually its best in terms of bottomline. In current Q2, YoY, net profit rose 37% at Rs.2 crore on a 25% rise in net sales at Rs.36 crore. It's a very small cap company and based on the first half, the company is expected to end FY11 more or less with a rise of around 5 to 10%. Too much upside, in terms of share price and financial numbers, seems capped.