But I am long in BAL.. Thought enough reason to go long in June series and bought accordingly. I believe my reasons are not wrong.
1.stock has consolidated for a long time in certain range and has not been appreciated like other stocks since past few years.
2. Quarterly results are pretty good.
3.Last month sales figure is impressive.
4.The demand for two wheelers and other products manufactured by BAL will remain and comparatively sales volume should be better protected in automotive sector even in higher interest rate scenario.
5.The recent news on approval on Quadricycles should give an impetus and company has worked on those since 2012.
6.Management is pretty vocal on future growth.
7.Like all most all Industries in India, it might have some political inclination but market shouldn't provide much importance on that especially debt free manufacturing companies should get premium always in all stock market.
8.Hence I have vested interest in the stock
1.stock has consolidated for a long time in certain range and has not been appreciated like other stocks since past few years.
2. Quarterly results are pretty good.
3.Last month sales figure is impressive.
4.The demand for two wheelers and other products manufactured by BAL will remain and comparatively sales volume should be better protected in automotive sector even in higher interest rate scenario.
5.The recent news on approval on Quadricycles should give an impetus and company has worked on those since 2012.
6.Management is pretty vocal on future growth.
7.Like all most all Industries in India, it might have some political inclination but market shouldn't provide much importance on that especially debt free manufacturing companies should get premium always in all stock market.
8.Hence I have vested interest in the stock