Engineering Sector

Thermax Limited Share Price Touches 52-week High; Check Analyst Views on Thermax

Thermax Limited Share Price Touches 52-week High; Check Analyst Views on Thermax

Thermax Limited shares touched yearly highs on Friday and the stock is looking strong on technical charts. Thermax stock touched 52-week high of Rs 2942 and closed the session at Rs 2922.

Sudarshan Sukhani: BUY HDFC Life, Siemens; SELL Cummins and Mahanagar Gas

Sudarshan Sukhani: BUY HDFC Life, Siemens; SELL Cummins and Mahanagar Gas

Technical analyst Sudarshan Sukhani has suggested two BUY Calls and two SELL Calls for today’s trading session.

Existing grid infrastructure can handle influx of e-trucks without major upgrades: NREL

Existing grid infrastructure can handle influx of e-trucks without major upgrades: NREL

A new study conducted by a team of researchers at the National Renewable Energy Laboratory (NREL) has suggested that existing power grid infrastructure seems to be ready to handle an influx of comm

Kilburn Engineering buys land worth 8.67 crore in Mumbai

Kilburn Engineering buys land worth 8.67 crore in MumbaiKilburn Engineering Ltd., a leading manufacturer of all type of Dryers and Drying Equipment in India, has entered into a MOU with Chemetall-Rai India Ltd. for buying about 8 acres of land at Goregaon (East), Mumbai for Rs 8.67 crore.

The above quoted price is exclusive of stamp duty, registration fees, site development expenses, MIDC charges etc.

The company intends to use the land for setting up a state-of-the-art manufacturing facility at the location which is expected to be operational from mid 2010.

Punj Lloyd Intraday Buy Call

Punj Lloyd Stock analysts have maintained 'Buy' rating on Punj Lloyd Ltd stock to achieve an intra-day target that lies between Rs 118-126.

According to them, interested day traders can buy the stock above Rs 118 with a stop loss below Rs 112.

Shares of the company, on Friday (April 24), closed at Rs 116.10 on the Bombay Stock Exchange (BSE). The share price has seen a 52-week high of Rs 384.50 and a low of Rs 66.65 on BSE. Current EPS and P/E of the stock stood at 112.89 & 9.20 respectively.

So buy it, it will prove that it's definitely a strategic stock.

Praj Industries Limited Results Analysis: Nirmal Bang

Praj Industries Limited Results Analysis: Nirmal BangRevenue declined by 0.95 % YoY to Rs. 209.3 crs for 4Q 09, whereas it increased 10.12% to Rs. 774.4 crs in FY 2009.

Operating profit declined by 8.94% y?o?y to Rs. 59.7 crs for 4Q 09, while it increased 26.2% to Rs. 182.0 crs for the year driven by decline in raw material costs. Raw material costs as a percentage of revenue declined from 52.3% in FY 2008 to 49.5% in FY 2009

Depreciation increased by 45.3% in 4Q 09. Whereas in FY 2009 it increased by 47.7% to Rs. 8.2 crs.

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