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Saturday, November 7, 2009

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

Scripscan:Conart Engineers Ltd
cmp:19
Code:522231

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.
Posted by arun at 5:09 AM
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Investment in equity shares has its own risks.Sincere efforts have been made to present the right investment perspective.The information contained herein is based on analysis and up on sources that I consider reliable. I,however,do not vouch for the accuracy or the completeness thereof.This material is for personal information and am not responsible for any loss incurred based upon it & take no responsibility whatsoever for any financial profits or loss which may arise from the recommendations above.The stock price projections shown are not necessarily indicative of future price performance.The information herein, together with all estimates and forecasts, can change without notice.