kiri industries

Kiri industries has reduced the debts by 450cr the balance to be cleared by next couple of quarters. They have entered into a agreement .read it on money control. Com
So the company will be debt free by next few quarter. The result were also good, the board has given a guidance of 250 cr on a cons basis, and 150 cr on a stand alone basis. Which can turn into a Eps of 120 on cons,40 on standalone basis.

 

Stock is really shooting up. Excellent turnaround is there. Shot up 10.45% on Friday. In 3 month it is 172%. Is it overheated stock now? Wait for cool down may be better?

 

momentum is very high in kiri at present.must to keep in watch