Scripscan:Rishabhdev Technocable Ltd
cmp:16
Code:533083
Story:Company provides an extensive range of power, control, instrumentation and specialty cables conforming to Indian standards. Company have continuously expanded its product range and have added variety of cables in its product range like Industrial control cables,Hi-Tech data cables, Process control instrument Signal cables,Thermocouple extension and compensating cables, Computer application Hi-Bit rate networking cables, Digital data communication cables, Low voltage power cables, Specialty cables and Customized cables. Diversified product portfolio reduces the risk of slowdown in the business.Company is a well known cable manufacturing company offering wide range of products. It is a regular supplier of various types of custom made and standard cables to companies like Tata Power Company Ltd.,GrasimIndustries Ltd., Reliance Industries Ltd., Essar Steel Ltd., Essar Power Ltd., Siemens Ltd., Essar Constructions Ltd., J.K Laxmi Cement Ltd., Sanghi Industries Ltd., Welspun Gujarat Stahl Rohren Ltd., etc., Company’s strength lies in its impeccable track record of timely and quality deliverables, which enables it to withstand competition and develop long lasting relations with its customers.The company at a price of 16 quotes at a PE of 4 times its forward earnings.The company with its business strategies like increasing scale of operation by undertaking a modernization cum expansion programme also wants to strengthen its relationships with its existing clients and also to develop relationships with new clients.A good buy at dips.
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Thursday, September 17, 2009
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