Hi
I recently purchased these two stocks. What is your opinion about these two stocks for 6 months or more time space.
How much upside you see in what period of time.
)–
Thanks,
Satya
Hi Satya,
With all due respect I don’t think this is the right forum (not a trader forum)for out of the blue queries like above.
This is a forum for constructive discussion on Stock Mkts. and Stocks where in a View begets a View (you could give the investment rationale so that others could delve on the same and benefit as well) and it is the endeavour to build stock storieswhich in turnhelps the members to take their investment calls.
CNBC TV18 or ET Now would be better places to get answers to queries like above.
No offence but such queries dilute the purpose and quality of this forum.
Cheers!!!
Satya, please refrain posting one liner queries regarding any stock in the forum. As HR has mentioned, please go for constructive discussion rather than stock tips. Repetition of the same may lead to suspension of the membership.
Admin please take a note and issue caution.
i see sudden interest in Ucal fuel on 13 Oct while there is no major news; does mr market know something more?
Anyone one is still tracking this stock and seems like there is a good opportunity and value? That can be found there. I know the disruption is going to come in a big way from electric but I still think there is along along way and a long long time for electric to actually make an sort of a difference (can be corrected)
Automotive major Wheels India Ltd plans to set up a new plant to make components for windmills and also expand the capacity of its cast aluminium wheels production at an outlay of Rs 100 crore this fiscal, said top company official.
“A good portion of the Rs. 100 crore capex will go into the wind segment where we will be setting up a new plant in Thervoy Kandigai near Chennai,” Managing Director Srivats Ram told reporters here on Friday.
“In addition, we will also be investing a good portion into the second phase of the cast aluminum wheel plant there. We currently have built up capacity for 3.5 lakh wheels per annum and will be taking this up to 7.5 lakh wheels per annum,” he added.
Ram also added that the capex spend also hinges on the Covid-19 pandemic situation in the country.
Meanwhile the company closed last fiscal with a revenue of about ARs.2,215.55 crore and a net profit of Rs.6.75 crore down from a revenue of Rs.2,438.72 crore and a net profit of about Rs.54.11 crore for FY20.
The Board has recommended a dividend of Re.1.00 per share.
“While the first quarter of last year was a washout due to the national lockdown, there was strong demand in the latter part of the year with a recovery in most of our business segments by the fourth quarter. While the domestic tractor business showed strong growth in the last three quarters, we saw growth in export business in H2,” Ram said.
On the outlook for FY22, he said: “While we have strong export demand for products, the domestic business and to some extent execution of exports will depend on the state of lockdown in the regions where our plants are.”
Wheels India rolls out wheels for trucks, buses, agricultural tractors, construction equipment, utility vehicles and passenger cars with manufacturing plants at Tamil Nadu, Maharashtra, Uttar Pradesh and Uttarakhand and a combined overall annual capacity of about 10.3 million wheels.
Over 50 per cent of the Company’s business accrues from the manufacture of automotive wheels for commercial vehicles, agricultural tractors and cars while the balance comes from wheels/components for construction and mining equipment, air suspension for commercial vehicles and components for energy equipment and railway bogie frames.