I had invested in
Man Industries over an year ago. Had invested at various prices, starting from Rs.188 to Rs.220. However, the stock remained stuck in a trading range for over an year now. Time has now come when the street is realising the fact that these companies merit attention, given the kind of investments pouring in the oil & gas segment, across-the-globe. Saw pipes sit right at the centre of oil & gas transportation.
Indian companies are fast gaining criticial size in this business, led by Jindal Saw, Welspun Gujarat, PSL and Man Industries. Each of these companies are sitting on order-books which twice the size of their current annual sales, rendering high visibility over the next 2-3 years. they are today where capital goods and construction companies were an year back......
1 comment:
i thnk u missed out on a important part - the regular equity dilutions that have happned in this stock?? take a look at the trend in the last 2-3 yrs.....add to that another fccb issue a few mnths ago...
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