Scripscan:Wheels India Ltd
Code:590073
cmp:170
Story:Wheels India is among the major wheel rim manufacturers in the country. It has a presence across almost all segments of the automobile industry. The company continues to enjoy a dominant position in the domestic market. Considering the nature of the product, the bulk of the company's revenue flows from the original equipment segment.The company has now developed some new products for buses and is likely to commence supplies to Indian market shortly. This coupled with the decision to undertake contract manufacturing on behalf of global wheel manufacturers would also help the company record an improved performance in the future.Along with a host of auto ancillary companies, Wheels India is also expected to benefit immensely from the steady increase in automobile production in the coming quarters. The continued firm trends in automobile production and the thrustinto the export market would help the company report improved performance this fiscal.TAKING into account the strong fundamentals and improved business prospects, long-term investors can contemplate equity exposure at the current price of Rs 170.
Wednesday, December 16, 2009
Important Disclaimer&Privacy policy
This blog does not share personal information with third parties nor do we store any information about your visit to this blog other than to analyze and optimize your content and reading experience through the use of cookies.You can turn off the use of cookies at anytime by changing your specific browser settings.This privacy policy is subject to change without notice and was last updated on 20.3.2013. If you have any questions, feel free to contact me directly here: arunsharemarket@gmail.com
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.
