This company manufactures batteries for different automobile company. We see a strong growth in automobiles sector, which will surely grow this company in several folds. As per its strong fundamentals we see that this stock has been trading very cheap as compared to its earnings. Its 12 months average earnings per share is 18.76. While the P/E ratio stands at 10.5 which shows that the company has many miles in its growth story. Also the stock’s 52-week high is at Rs.228.
Our Analysis: We see this stock touching 228 levels very soon. So start accumulating (Buy) this stock near 185 – 195 levels for target 228 / 257. Stop loss should be placed at 175. This stock will soon prove itself a multibagger stock.