Orchid Chemicals to grow more

The company emerged as a mid-sized business domestic player, consistent with its predominant emphasis on an international presence. The company with its world wide presence and strong growth path is expected to perform well in the medium to long term. The stock at the current market price of Rs 312 is trading 12.28 times to its earnings and 3.33 times to its book value and is expected to generate handsome returns in the medium to long term. Therefore we can expect the stock will move for good target..