MEDIUM TO LONG TERM IDEA.. PIX Transmissions Ltd. is the leading manufacturer of Belts and related mechanical Power Transmission products.
Its peer APCOTEX is trading at 32 PE while this is at 13.5 PE.. Results are coming superb every quarter .. Debts have reduced continuously from past years. Promoters have increased stake in past 3 quarters.
There are 2 problems in this company though.. 1. It is only BSE listed 2. The share had increase from 80 odd rs to 500 Rs.
But it is still undervalued according to me .. Lets see if we can gain from this
Trade active
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Great Results.. till now 559 from 490.. Long Way to Go !!! Results have come so we may see lil downside as profit booking.. But i feel. it can go much much up
Trade closed: target reached
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Targets reached upto 740.. Booked 50% qty at 690 and now hlding 50% for much bigger targets.. will add more if i get it below 650