31.70 -0.75 (-2.31%)
NSENov 23, 2020 03:31 PM
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|Summary||Date||Stock||Broker||Price at Reco.||Target||Price at reco|
Change since reco(%)
|2018-03-09||20 Microns Ltd.||Nirmal Bang Institutional||42.85||42.85 (-26.02%)||Mgmt Note|
Nirmal Bang Institutional
We had a meeting recently with the management of 20 Microns based in Vadodara, Gujarat, to understand its business model and growth prospects. The company is India's largest manufacturer of micronised minerals which primarily has application as functional fillers in paint, paper, rubber and plastic products. 20 Microns started operations in 1988 with 2,000tpa capacity, which has now grown to 400,000tpa. Through research and development or R&D;, the company is looking to consistently add to the scope and application of its products. In FY17, it achieved revenues of...