ISMT: The shares of the company has been growing tremendously. It is a part of the Famous Kirloskar Group.
In one month, it has grown 15% and 77.4% over last one year which means average growth is still 5% per month.
Today the stock grew 6.73% today on 15 Nov and has crossed it’s 52 week high and is looking forward strongly as it is still not considered overpriced.
It is into Cold Drawn Seamless Steel Tube Market which is Booming Globally and exports are offering great margins in this sector.
The company’s tube exports increased by whopping 46% while overall sales by 19%.
Mukul Agrawal had earlier increased his stake from 1.2% to 1.3%.
Keep your eyes on this stock as it might cross 110 Rs mark from present 97 Rs. if it continues to grow like this after your own analysis.
View on r/IndianStreetBets by amitmonu