Scripscan:Khaitan Electricals Ltd
code:504269
cmp:90
Story:There are strong buzz in dalal street of some restructuring in Khaitan Electricals Ltd.I called up the management to verify the accuracy of the information to which they refrained from commenting.Being from our part of the world I have got a decent knowledge on the ongoing happenings of the company.The company's products has been a household name to us for a long time now.I feel with still MR Khaitan at helms one can certainly expect a better future from the company.It has also entered the retail frenzy arena with its hi-end fans, targeting the premium segment, through its new branded outlets, while mass fans will be sold through the existing distribution network.The company has opened several outlets across the country by and aims to add more within the next few years.The company expects 50-75crs turnover from their retail venture.Valuation wise at present price it quotes at 18 times trailing earnings which is high for a comparatively small player.Regarding investments in the company am not sure but short term traders can certainly mint money through it.It has got strong buying support at 85 odd and the counter being illiquid any bit buying can make it touch higher levels.So buy at 85 odd to exit at 100 for a solid 20% returns in the shorter run.The company pays a dividend of 1.5 bucks too which adds to the moolah.
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