Achiievers recommend 12-month and 24-month targets on Bedmutha Industries

Achiievers Equities | Jan. 13, 2017, midnight

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.


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