WABCO-TVS is the leading manufacturer of different types of braking systems for commercial vehicles in India. Its customer list includes who’s who of the automobile industry such as Ashok Leyland, Tata Motors, M&M and others. Construction and engineering equipment major like BEML, Caterpillar, Cummins and others. Excellent third quarter results and robustness in user industry makes the stock good bet for a target price of Rs1000 in next few months.
Renewed buying interest seen in power transmission companies such as Sujana Towers, Jyoti Structures, KEC International and Kalpataru Power.
Sources indicate that Powergrid Corp is likely to release orders worth nearly Rs 10,000 crore for setting up transmission towers.
Heightened activity in Sujana Towers indicates short term target of Rs95.
As seen every year ‘railway’ stocks such as Texmaco, Kernex Micro, Titagarh Wagons, Stone India and other counters are again being ‘played’ up by market players ahead of the railway budget.
Vishnu Chemicals may post a turnover of Rs 210 crore for the full year with Rs 70 crore coming from Q4 itself, say sources. Counter watchers predict a three-figure mark in next few weeks.
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