Scripscan:Cubex Tubings Ltd
BSE code:526027
cmp:10
Story:Cubex Tubings Limited manufactures and sells copper and copper based alloy products in India. Its products include a range of cupronickel, admirality brass, and aluminum brass in the form of seamless solid drawn tubes, rods, bus bars, and wires. The company offers its products for power generation, switchgear, motors, refrigeration, heat exchanger, automobile, and electrical equipment industries. So tt basically sells copper and copper alloy products, which have shown impressive growth in the last decade.Company will tend to gain in case the prices of aluminum is more than the copper prices, as the equipment makers shift the base from aluminum binding to copper binding because of low prices. As more and more mines of copper are coming into operation, the price of Copper has already started coming down. On the other hand because of no new mine of aluminum coming into operation and with a steady demand, the aluminum prices are expected to rule higher in the next year also.If rumuors are to be beleived the company is set to double its profits in the next few years.Going forward punters expect a price of Rs.20-25.
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