Sep 26, 2017

ARTSON ENGINEERING LTD. A Clear Cut View For Investors & Traders September 2017

ARTSON ENGINEERING LTD.
CMP – 69
RECOMMENDATION: BUY FOR MID TO LONG TERM

The first point in favour is that it is a wholly owned tata group subsicidiary with Tata Projects Ltd holding 75% and 25% with public.
Second point is that it is ruling at PE of below 10, while its most of peers are ruling around PE of 20. We believe, and as India is entering into altogether new era of growth where engineering EPC services will be definitely in lot of demand, ARTSON due to its patronage and experience will have a lot of work to do. It has small market cap of about 250 cr while topline of 100 crore. On the profitability and topline growth the company lacks attraction but due to a small about 4 crore equity, the stock price usually tend to fire up terrifically in case of big order win or spike in profitability or some corporate development. Company is not paying dividend, so don’t buy for dividend. 
TECHNICAL PICTURE: as you can see in the chart, the price has been gyrating between 20 and 100 for over last 20 years, we believe that Indian stock market has entered into new leg of upsurge and this stock can deserve a place in a long term owners portfolio who wishes to just strike gold at the same time remaining on the safe side as the most beneficial investment niche to buy in a good company at a good price is that if it falls you buy more and that too without fear in fact with pleasure, as you know that you are doing the right thing. This stock clearly belongs to the evid portfolio investor.

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