Everest Kanto Cylinder Ltd: Buy
CMP: Rs.29.40
CMP: Rs.29.40
The book
value of the shares of the company is Rs.47.71 and the Face Value is
Rs.2. The company came out with improved bottomline and a slightly
subdued topline. The company came out with a net profit of Rs.9.33 Cr in
Q2FY13, against a net loss of Rs.13.27 Cr in the same period previous
year. Also, both the OPM and NPM increased substantially. Some of the
salient features:
had undertaken wind farm projects at Kandla in the state of Gujarat and Satara in the state of Maharashtra.
Considering all the points mentioned above one can take a short term bet of Rs.32-35-37, with a SL of Rs.26 (exit).
Note: This scrip was recommend to the Paid Service Members and also all those who are trading through my recommended brokerage house, on 10 th January, 2013. The scrip closed at Rs.30.85 on last Friday, after touching Rs.31.15
- One of the largest High Pressure seamless cylinder manufacturers globally
- Widest range from 1 litre to 3000 litre high pressure gas cylinder
- Total Production capacity of over 1.3 million cylinders per annum
- Eight Manufacturing plants in India, Dubai, China and United States of America
- All EKC plants carry ISO: 9001 accreditation for quality management systems.
had undertaken wind farm projects at Kandla in the state of Gujarat and Satara in the state of Maharashtra.
Considering all the points mentioned above one can take a short term bet of Rs.32-35-37, with a SL of Rs.26 (exit).
Note: This scrip was recommend to the Paid Service Members and also all those who are trading through my recommended brokerage house, on 10 th January, 2013. The scrip closed at Rs.30.85 on last Friday, after touching Rs.31.15