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Saturday, November 7, 2009

Conart Engineers Ltd:Buy/sell/hold?,potential/latest news and analysis

Scripscan:Conart Engineers Ltd

Story:Conart Engineers, Ltd. engages in the engineering, procurement, and construction of industrial, commercial, residential, and infrastructures in India. The company offers its services to various industrials that include pharmaceutical, chemical, petrochemical, textile, heavy engineering, and manufacturing; and commercial sector comprising electronic and computer, transportation, educational, healthcare, business and offices, and mercantile. It also serves the residential sector focusing on bungalows, apartment buildings, and residential colonies, as well as the infrastructure sector, primarily road and bridge construction. The company was founded in 1973. It was formerly known as Conart Builders Private Limited and subsequently changed its name to Conart Engineers, Ltd. Conart Engineers, Ltd. is based in Mumbai, India.In the current Budget the Government has earmarked huge funds for development of infrastructure. The Real Estate sector is als reviving since the corporate world has forecast a turnaround. The capex plans which were deferred are now in the process of beii implemented by corporate world. The Government is also committed to boost the Indian economy for overall growth. All these factors are expected to boost the order book position of the company.Conart is aggressively marketing to increase orders and increase turnover.Conart is certainly sc rip witha very promising future.At 19rs thers hardly anything to loose in conart but the upside potential is immense.Watch out for it.

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