Chemplast Sanmar has reported a net profit of Rs 2 crore in the quarter ended June 2011 against loss of Rs 22 crore in the corresponding quarter last fiscal.
Net sales went up over 29% to Rs 502 crore from Rs 388 crore Year-on-Year.
i have recommended this stock on june 28th in penny stocks section at 6.75. stock touched 8.60 yesterday (nearly 30% rise).one can buy for long term as this stock can cross 15.00 in one year.( to view full report on this stock see penny stocks section)
Penny stock is volatile and they will quickly move up and move down just as quickly. Most people find out about penny stocks through a mailing list and some excellent penny stock newsletters, however, there are just as many who are pumping and dumping.
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