Mukand Engineers Ltd – 200% Profits
Call given at 20, CMP 58. Book 50% profits at 58 and hold the rest for Long term
Mukand Ltd is part of the Bajaj Groups of companies, one of the most dynamic business groups in India, Bajaj Auto Ltd being the flagship company of the group. The group has substantial manufacturing and marketing interests in diverse fields including scooters, motorcycles and three-wheeler vehicles, electrical appliances etc.
Mukand Engineers Ltd. has substantial expertise, built up over the years, in all areas of engineering construction including feasibility studies, planning, construction, erection and commissioning of projects. The company is equipped with a whole range of mobile facilities including, mobile cranes, gantry cranes, tower crane etc.
It has served industries such as oil exploration and refineries, petro-chemicals, fertilizers, steel plants, thermal and nuclear power plants.
Currently trading around 20 and having a P/E of 6.21
The comany has been posting good results YoY and seems a good bet for long term.
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