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Tuesday, November 17, 2009

Cosmo Ferrites Ltd:Future growth outlook and prospects,buy/sell/hold

Scripscan:Cosmo Ferrites Ltd
cmp:8
Code:523100

Story:Cosmo Ferrites is one of the leading manufacturer of Manganese Zinc Soft-ferrite from India.It exports 70% of its production to USA, Europe, UK and Far East.Ferrites are polycrystalline oxides manufactured by ceramic technology and belong to a class of materials that exhibit the technically useful property of ferromagnetism. In a ferromagnetic material, magnetism occurs under the influence of an externally applied field. On removals of this field, material returns to its non-magnetic state. This behaviour is termed as magnetically "soft".Major applications of ferrites are inverter transformers, current transformers, fly-back transformers, driver transformers, pulse transformers, line filters, choke, noise suppressors etc.The company posted dismal numbers last fiscal and this year too the same may not be exceptional.This are tradeable counters,one can opt for 6-7 levels to exit at 11-12.

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Posted by arun at 4:33 AM

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