1)Scripscan:Orient Abrasives Ltd
Code:504879
cmp:20
Story:OAL is the manufacturer of grains for abrasive industry. Company enjoys dominant share in India, and has customers like Grindwell Norton. Company has investor friendly track record as it had issued 1:1 bonus few yrs back.Company had commissioned 9MW Power Plant. Product is power intensive and captive power has led to significant savings. As a result, company will report good numbers in current year. Due to expensive imports from China, company has been successful in raising its product prices which has led to decent performance. Stock is trading at low single digit valuation its one year forward earnings which is extremely low for a company which is leading player in the Industry.A good buy altogether.
2)Scripscan:Nagpur Power & Industries Ltd
Code:532362
cmp:30
Story:Nagpur Power & Industries Limited engages in the manufacture and sale of high carbon ferro manganese, high carbon silico manganese, and medium carbon ferro manganese in India. The company is based in Mumbai, India.Prices of its product are likely to remain firm for next 3 quarters atleast. Moreover, it is reliably learnt that company has huge surplus land.The company is expected to post good numbers going forward.Investors can hold the company as of now and can expect good capital appreciation in the longer term horizon.
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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.
