Samkrg Piston – Stocks To Watch
Samkrg Piston (BSE Code: 520075) :- The company,based in Hydrabad, is engaged in production of piston and piston rings which is most active in three segments that includes original equipment manufacturers, after market and export segment. The top line of this company has recorded marginally improvement for the FY 2010. The management of the company is highly hopeful that the company will record excellent performance for the FY 2011. The company, having market capital of Rs. 9.82 crore, has posted the net profit of Rs. 2.80 crore on sales of Rs. 37.72 crore achieving the EPS of 2.85 for the FY 2009-10 ended on March 31, 2010. The stock, quoted at 10 PE, will definitely touch to its tarhet price of Rs. 102. Investors are recommended to hold on this scrip.
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