I booked partial profits in Ankur Drugs today. The scrip has appreciated by over 90% since I purchased it around 3 odd months ago. It was then at 92, today it closed at Rs.177 per share on the BSE. I continue to remain bullish over the company's prospects. But chose to book some profits given the sharp run-up in price over the last few months.
Between, HDFC Securities has come out with a report on the domestic Saw Pipes industry. The outlook is very positive given the kind of investments happening in the petroleum industry across the globe and in various sewage and irrigation projects in India. HDFC Securities expects the companies in this sector to outperform over the next 2-3 years. The companies are:
Man Industries, PSL, Jindal Saw, Welspun Gujarat, Maharashtra Seamless and Ratnamani Metals and Tubes. Download the entire report from here.