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Achiievers recommend 12-month and 24-month targets on Bedmutha Industries - IndiaNotes.com
Achiievers recommend 12-month and 24-month targets on Bedmutha Industries
Achiievers Equities | Published: 18 May, 2017  | Source : IndiaNotes.com

A small cap company engaged in manufacturing and exporting of GI Wire, ACSR Wire, other forms of steel wire, and various other steel wire products. It is also an exporter of these products. It has modern plants for manufacturing these products sourcing technology from Belgium and Italy. Owing to the troubled scenario prevailing in steel and power industry, this company has been struggling to show a turnaround. It is on its way.


The company has received letter of award (LOA) from MP Poorve Keshtra Vidyut Vitaran worth of Rs 198 crore. new service connection to BPL/APL consumers spread all over the districts. It is on a turnaround path as the technical chart for both short term and long term show.


  • Buy Price : Rs 41.10 (BSE) [41.75 (NSE)
  • Market Cap : Rs 100.82 cr. P/BV : 1.07;
  • Book Value : Rs 38.40; Face Value: Rs 10



This is Bedmutha's Weekly chart since listing. This clearly shows a base has been forming since 2012 and after 5 years it has started moving up. Thus, it offers a good potential for appreciation.



 



About Achiievers Equities

Achiievers Equities is one of India’s leading financial conglomerates, offering complete financial solutions that encompass every sphere of life. They have expertise in advisory services for both cash and derivative sides of capital and commodity market and are also distributors of savings/investment instruments like Mutual Fund, Bonds, IPO, Corporate Fixed Deposits and Insurance.


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Disclaimer: The author has taken due care and caution to compile and analyse the data. The opinions expressed above are only the views of the author, and not a recommendation to buy or sell. Neither the author nor IndiaNotes.com accept any liability whatsoever arising from the use of any of the above contents.