Quotes with Resistance & Support
Market Information

Cenlub Industries – 105% Profits

Posted on: June 17th, 2010 at 2:25 am

Call given at 20, CMP 41.50, Mid term investors are advised to book profits at 41, Long term investors may book partial profits and continue to hold the rest

Cenlub Industries is in the field of design, manufacture and supply of Centralised Lubrication System for various Machines, Plants and Equipments.It is a listed company at Mumbai Stock Exchange incorporated under the Companies Act, 1956 by Registrar of Companies, Delhi & Haryana in the year 1992.

The company has been promoted mainly by Mr. V.K. Mittal , Managing Director – a Mechanical Engineer with M.Sc. (Physics), M.Sc. Mech. Engg. specialization in Machine Tools from Moscow.

Lubrication is a prime requirement for all machines, equipments or plants as it adds to the life and efficiency of the the machine by reducing wear and tear of its parts, it has been in operation for more than 25 years now..

Today, it provides Lubricants for:

  • MACHINE & MACHINE TOOLS (eg: CNC Lathes, Machining Centers, Presses, Die Casting Machines, etc.)
  • PLANTS (eg: Sugar, Steel, Paper, Power, Cement, Sponge Iron, etc.)
  • VEHICLES (eg: Trucks, Buses, Excavators, Dumpers, Railways, etc.)
  • CONVEYORS

Its Clients include most of the Top rated Indian companies, such as :

HMT
BHUSHAN STEEL LTD
MAHARASHTRA SEAMLESS
TATA SSL
TATA STEEL
WIDIAPMT
CIMMCO
PSG
HEC
ITC
PRAGA TOOLS
KIRLOSKAR
ACE DESIGNERS
PARISHUDH
BFW
MYSTORE CEMENT
SHAKTI CEMENT
VIKRAM CEMENT
ACC CEMENT
LAKSHMI CEMENT
MICO
LMW
GODREJ
TRIVENI SUGAR
ISGEC
JYOTI CNC
VOLTAS
BATLIBOI
ALEX
BAJAJ HINDUSTAN
GALAXY
LOKESH MACHINES

and many more…

Currently trading around 20, having a P/E of 6.5 and a Book value of 23

cenlub

cenlub

Initially for two decades the company was busy in catering to the Indian market and prior to the inception of the company, basically lubrication units were imported. Having catered efficiently the Indian market, the company started contributing to the world market. Now the company is exporting its products to USA, Saudi Arabia, Sharjah, Indonesia, Sri Lanka, Bahrain, Nepal, Malaysia, Germany, etc.

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13 Responses

{ ADD YOUR OWN }

  1. Kallol Says:
    June 17th, 2010
    Posted at: 7:32 am

    Hi Good morning,
    What is the target of CENLUB ?Can we enter to Punj Lloyd today?


  2. Jolly gujha roy Says:
    June 17th, 2010
    Posted at: 11:30 am

    what ios the target of cenlub?


  3. Kartik Says:
    June 17th, 2010
    Posted at: 11:34 am

    Hi Kallol, it can see 30 levels in 6-8 months time, you may enter Punj for Short term as of now

    Hi Jolly gujha roy, around 30 in 6-8 months time


  4. rajan Says:
    June 17th, 2010
    Posted at: 11:38 am

    Hi Good morning,
    What is the target of CENLUB


  5. Praveen Agrawal Says:
    June 23rd, 2010
    Posted at: 12:11 pm

    Kotak Bank June Future (Rs. 795)
    Buy on decline in the region 780-785 with a stop
    loss below 768 for a short-term target of 815 and
    828.


  6. Bala Says:
    June 29th, 2010
    Posted at: 10:33 am

    Hi CB. I have ITC 300 call. Brought at 7.30 RS. Can i wait for sometime or shall i sell it. Now it is in 5.60 RS


  7. Tarun Says:
    July 3rd, 2010
    Posted at: 11:35 pm

    Hi Kartik, Shall I buy Cenlub at Rs 21 for 2 - 3 years ?

    Thanks


  8. Kartik Says:
    July 4th, 2010
    Posted at: 10:57 am

    Hi rajan, GM, it can see 30 in 6-8 months time

    Hi Bala, hold it with a SL at 295 in Cash, faces strong support there

    Hi Tarun, yes, you may enter it for Long/Mid term


  9. mehul ganatra Says:
    July 9th, 2010
    Posted at: 1:24 pm

    Only problem which seems with this company is that since 2005 till date it hasn't shown any sign of above normal growth and without any expansion plan or take over news, this stocks may still quote with 10% annualied return at Rs. 40... 5 years down the line... so is it worth buying as multibager????? make no mistake for investor it will still give 10% annual return


  10. mehul ganatra Says:
    July 9th, 2010
    Posted at: 1:25 pm

    i was talking abt cenlub cmp 20


  11. D. RAVI KUMAR Says:
    July 16th, 2010
    Posted at: 4:22 pm

    Dear CB I AM HAVING CALS REFINERIES 5 LAKHS SHARES BOUGHT AT 97 PAISE. PLEASE LET ME KNOW SHALL I STILL HOLD THE STOCK ON LONG TERM BASIS OR SELL AND INVEST IN OTHER STOKS. GUIDE ME. WHT IS THE TARGET FOR THIS STOCK IF I HOLD FOR 2-3 YEARS TIME. RAVI


  12. Jagdish Says:
    July 19th, 2010
    Posted at: 2:43 pm

    Hi Kartik, holding pnb @1077 exit or hold tgt by this week end.


  13. Jatin Jain Says:
    March 19th, 2011
    Posted at: 11:14 pm

    Should i buy it for long term tenure of around 5 to 6 years


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