ARTSON ENGINEERING
LTD.
CMP – 69
RECOMMENDATION: BUY
FOR MID TO LONG TERM
The first point in
favour is that it is a wholly owned tata group subsicidiary with Tata Projects
Ltd holding 75% and 25% with public.
Second point is
that it is ruling at PE of below 10, while its most of peers are ruling around
PE of 20. We believe, and as India is entering into altogether new era of
growth where engineering EPC services will be definitely in lot of demand,
ARTSON due to its patronage and experience will have a lot of work to do. It has
small market cap of about 250 cr while topline of 100 crore. On the
profitability and topline growth the company lacks attraction but due to a small
about 4 crore equity, the stock price usually tend to fire up terrifically in
case of big order win or spike in profitability or some corporate development. Company
is not paying dividend, so don’t buy for dividend.
TECHNICAL PICTURE:
as you can see in the chart, the price has been gyrating between 20 and 100 for
over last 20 years, we believe that Indian stock market has entered into new
leg of upsurge and this stock can deserve a place in a long term owners
portfolio who wishes to just strike gold at the same time remaining on the safe
side as the most beneficial investment niche to buy in a good company at a good
price is that if it falls you buy more and that too without fear in fact with
pleasure, as you know that you are doing the right thing. This stock clearly
belongs to the evid portfolio investor.
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This
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this stock recommendation to our clients, or will give it in future, and may
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time.
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Disclaimer:
We or our clients may be holding positions in one or more or all of the stocks
recommended by us.
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