I would like to add PARQ to my watchlist for 2015. Expected price is Rs 55/- and above in short run.
Company is doing extremely well.
1. Impressive growth in performance in recent Quarters YoY.
2. Continuously reducing Banks liabilities ultimately increasing NAV, Annualized earnings would justify the above price and above.
3. Highest profits generated in Q4 during last 2 years. Hence we can expect better results. Company has made losses in history. However after the takeover by Lanka Tiles, company is performing well.
4. Ill-liquid Share in the market and Dr Senthilvel is on top 3 shareholder list.
Considering all above facts PARQ displays signs to jump out of blocks.