Stock Review: KIRI DYES

Kiri Dyes's scrip dipped below its offer price of 150 within couple of months of listing. But its move, in parnership with Lonsen, to acquire bankrupt German company Dystar boosted the scrip to 700 in December 2009. The scrip at 317 is trading at a P/E of 20.7 considering its standalone earnings. A successful turnaround of Dystar holds great potential for its earnings growth. Investors should hold the stock.