We had recommended Linc Pen: Set to Write a New Chapter in Sep'14 at Rs. 95-99 range. The current market price is Rs. 280, indicating 188% returns (2.88 times) in a period of 2.25 years.

At this stage, we suggest to EXIT from Linc Pens. Linc is currently trading at more than 20 times on the trailing basis and may find it difficult to move from here considering modest growth in earnings.

 

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