Gandhimathi Appliances

Gandhimathi has posted two quarterly results thereafter.Now I feels that the management is realizing the importance of a fair corporate governance,transparent accounting ,concentration in business- to create wealth.In recent numbers ,company has shown excellent growth .( I still feels they hide something in their old results.) .It is known that company is also launching more products and expanding its reach. The brand value of their brand 'Butterfly ' is immense ( at least in South India) and the opportunities are unlimited for their products in a country like India with huge population. Company is going to declare its March quarter result on 12th May , which is expected to be a continuation of the strong growth shown in last two quarters.Even after more than 150% rise over the previously recommended price , still there is scope for multibagger kind appreciation from current level of Rs. 194/-