This counter has seen exceptional movement in the last week. It has been locked at the upper circuit of 10% since the last 3 trading days. I started following this stock last month when it was trading at Rs 10.15 and since then the price has more than doubled to Rs 21.61. With a book value of Rs 34.01 and a 52 week high of Rs 41 this stock sure has some steam left to it. The company is a conglomerate having diverse business activities and interests related to Hydro mechanical equipments, turn key solutions for steel fabrication, Hydro power developments, Real Estate, Leasing, Finance, Entertainment centers, Hotels and tourism. The company has shown a net profit of Rs 10.45 crores for the december quarter which was almost 3 times the net profit for the previous year.The company had reserves to the tune of Rs 338 crores as on Dec'08 and a current market cap of Rs 205 crores.
Trading Strategy: Buy in dips.
Disclaimer: The blog mentions solely my analysis of the sector/company and the investor's discretion is advised from any trading perspective.
About Me
- Pankaj Kothiyal
- A Manager in a leading beverage company i love travelling. Have active interest in the stock market. Hobbies include rafting and trekking
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