EMCO (84.10)
http://www.emcoindia.com/home.html
The stock has given a break out with volumes. Buy for a 1st target of 88.50 and a 2nd target of 93 with a stop loss of 81.25. Long term investors can hold for a target of 110.
The company has concentrated in its Transformer Business (54% of its turnover) where it has seen revenue rise sharply while it has managed to curb its Meter Business where it has reduced its turnover to 4%. The balance 41% turnover comes from Turnkey Projects. As per data released by the company they have maintained healthy book orders for FY 2010-11.
Regards
0 comments:
Post a Comment