Avinash Gorakshakar’s Value Pick
Avinash Gorakshakar of Joindre Capital Services has chosen the stock of the top class as a value pick and advised to buy it from the next 12 months perspective. He believes that in the next 12-15 months this stock can achieve the target of 140 rupees.
Avinash Gorakskar said that the Nelcast produces gray iron castings and SG iron castings. Nelcast has business in medium and heavy commercial vehicles and tractor segments. Nelcast works for the Railways and Metro Rail Projects. In the financial year 2017, the company’s income was Rs 574.55 crore, while the profit was Rs 33.98 crore. Tata Motors, Ashok Leyland and clients of Mahindra & Mahindra Company. 5 percent of the company’s income comes from the export. Nelcast exports to Sweden, North America and Australia. Regulatory changes to BS-6 fuel will benefit the Nelcast.
Our Blog website: http://multibaggerspoint.com/
Follow us on Facebook: https://www.facebook.com/multibaggerspoint1
Follow us on YouTube: https://www.youtube.com/multibaggerspoint
My descriptions, videos, presentations are only for educational and information purposes and under no circumstances should be used for making investment decisions. I cannot guarantee the accuracy of any information provided.
The stocks picks are based on my own research and personal views and sometimes are from newspapers, tv channel program, magazines, etc. No part of compensation is or will be directly or indirectly related to the views and recommendations of this research. I have not served as an officer director or employee of the company and have not been engaged in the market – making the activity of the company covered in the research report. Consult qualified financial advisor before making any investment decision.