ISGEC was initially recommended last year in July, from there on company has shown significant top line and bottom line growth in every quarter. The best part of the company is timely execution of orders and excellent promoters pedigree. Besides having strong experience in manufacturing heavy engineering products, company also collaborate with market leaders through joint venture.
The additional reason for investors should be positive about the company is because this quarter we have seen many sugar manufacturing companies has posted stellar quarterly results. Since, ISGEC also have sugar manufacturing subsidiary, we believe, sugar segment will help in bottom line to grow significantly.
We believe this is one of those unique opportunities where investors do not want to play only on highly commodity based business, yet they want to participate in rally on upward commodity cycle.
We advise investors to accumulate the stock between 4500-4850.
(Disc. Invested, recently added more).
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