Buy Chennai Petro with a Long Term View (Oct 15, 08 )

Stock Name: Chennai Petroleum Corp. Ltd., Reco: Buy
CMP: INR 160 Target Price: INR 240
Holding Period = 6 - 12 months
Best Buy Price: Dip Around INR 145-150 ( which may come in few trading sessions)

Investment Rational:
1. Currently trading at a PE of 1.6, Div Yield = 10.25 %
2. 5 yr CAGR of Net Sales = 28.39% and that of Net Profit= 29.96%.

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