!!! Best Delivery Buy !!! Walchandnagar Industries : Rs 239.85 !!!
( Recommended in SAKAL NEWS PAPER. Arthvishwa ) : 22th Feb 2010
COMPANY PROFILE
- Diversified High-tech Heavy Engineering Project Execution company with a strong Engineering and Project Management and Manufacturing infrastructure to undertake Projects and supply of machinery and equipments in the fields of Nuclear Power , Aerospace, Defense, Steam Generation plants, Independent Power Projects, Turnkey Cement Plants, EPC Projects for Mineral Processing Bulk Material Handling for Heavy processes, Industrial, Planetory and Marine Gearboxes, Turnkey Sugar Projects.
- Manufacture of Gray Iron and Ductile Iron ( S.G.Iron) castings.Manufacture of standard and precision Pressure and Temperature gauges. The company has plants located at Walchanhnagar, Satara & Dharwad.
Share Holding Pattern :
- Promoter : 55 %
- Public : 45 %
Financial Highlights :
- Walchandnagar Industries reported a steady growth in standalone net profit for the quarter ended December 2009.
- Net sales for the quarter for the quarter rose 30.89% to Rs 1,27.04 Crore, while total income for the quarter rose 29.99% to Rs 1,27.08 Crore, when compared with the prior year period.
- During the quarter, the profit of the company rose 12.13% to Rs 3.79 Crore from Rs 3.38 Crore in the same quarter last year.
Technical Overview :
The stock On Monthy Chart has already given “Flag Pattern” upbreakout,with huge volumes last month.Prior to breakout the stock was consolidating for 6 to 7 months. The stock is recommended to buy at cmp Rs 239.80
Support Levels :
- Support 1 : 207
- Support 2 : 181
- Support 3 : 154
Stop Loss : 145 on closing basis.
Targets :
- Target 1: 292
- Target 2 : 360
- Target 3 : 446
- Target 4 : 553
Period : 7 to 9 months.
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