The recent result announcements were mindblowing. Their Trailing Twelve Month Earnings per Share was Rs. 46, up from about 20 last year. They make pressure cookers and non-stick cookware, and I know they’re good – we use a lot of their stuff at home. In an interview with CNBC TV18, their MD said that these results may not be repeatable, and that they expect good growth from the stoves and electrical segments.
Promoters own 75% of the stock.
Note: I’m long this stock since the 300 levels, but this is ridiculously huge as a move. Updating stop loss levels. Watch out – the midcap story is starting to explode. Is this another great upside for the Indian markets?