RATHI BARS
July 30, 2014
RATHI BARS -UPDATE
August 9, 2014

Metkore Alloy Industries

Hello stockholders, 

After RBI decision, to retain the rates but cutting SLR is welcomed by the market and sensex rose 185 points , nifty raising 63 points, is two weeks high after market lost its charm after hitting 7840.

Today i will be talking about one more steel stock, which is getting profitable day by day.

Metkore Alloy industries (CMP@ 8.15 {BSE}), face value 2, is 58 crore company. This glooming company has reported standalone sales of Rs 40.81 crore and a Net Profit of Rs 3.80 crore for the quarter ended Mar 2014. As compared to its sales and profit percentage, it is consitent performer. At this time, it is seeing increase after fall, so it is gonna be a BUY. Its P/E is low i.e. about 4, which seems to be attractive and this company can become a multi-bagger company.

Note : Author is intending to buy 250 shares in range of Rs. 7.50 – 8.50.

Share

Comments are closed.

Share