Recently, this company has started its new manufacturing facility which is a very good signal to maintain growth momentum. Company has taken corrective measures to increase its operating margins in coming quarters. Further provision is made to reduce extraordinary expenses which will help company to increase its operating margins.
Promoters have increased their share holding marginally and owns 65% stake in the company.
Stock is currently trading at historice PE multiple of 6 and is giving good investment opportunity considering future growth visibility.
Team of equity analysts at Saral Gyan believe that the company will greater heights in terms of top line as well as bottom line. Stock at current market price can give decent returns in long term with one and half year to two year time horizon.
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Saral Gyan Capital Services