11.08.2019
*AAKASHAYA PATRA EXCLUSIVE STOCK FOR INVESTMENT:*
Subros (CMP Rs. 201.00)
ENTRY LEVEL: 180 to 200 STOP LOSS: 146 TARGET :
350-400 TIME FRAME: 18-24 MONTHS
Shares of B Group listed Subros have face value of Rs. 2. The shares
touched a high of Rs. 379 and low of Rs. 163 in the last 52 weeks. The company
has a monopoly in air conditioners in automobile sector, and makes ACs for
cars, buses,trucks and railways. Maruti Suzuki, Tata Motors and Mahindra &
Mahindra are among its clients.The company’s
radiator business is gaining traction, and there is tremendous scope for
further growth. Promoter holding in the company is 36.79%. For the March
quarter, Subros reported income of Rs. 518 crores and profit of Rs. 16.20
crores. It will announce June quarter results soon.The company has a market cap
of Rs. 1186 crores, equity of Rs. 13.05 crores, net-worth of Rs. 680 crores,
and debt of Rs. 187.75 crores.
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