Ashco Industries

Ashco Industries
(TICKER CODE : 517565)
A well-known market operator is very bullish on Ashco Industries, which is down in the dumps of late. The company which is into contract research and testing for various pharma companies has come out with dull and drab performance for the fiscal 2007 also, with sales amounting to Rs 40.7 crore (Rs 39 crore) and the net profit Rs 1.97 crore (Rs 1.54 crore). According to the observer the things will now turn for the better and hence this stock can be accumulated at every decline.
(FV Rs 10, H/L Rs 85.5/22.3, CMP RS 35.25)