I have recommended this company on 26th April 2010 at Rs.13/-.Currently it is quoting at Rs.15.80/- .Based on the expected better performance going forward,this is the second time.Old write up is reproduced below.
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Cosmo Ferrite Ltd is a Cosmo Films group company
and one of the largest manufacturer of
Manganese Zinc Soft-ferrite from India.Major applications ofFerrites are in Inverter transformers,
driver transformers,pulse transformers,
line filters and noise suppressors.It cater the
industries like lighting,telecommunications,
computers,entertainment electronics,process
control and consumer electronic devices
.Major part of company’s products are exported ,
mainly to USA. Company having manufacturing
facility to make 2350ton ferrites powder and
2000 ton ferrites component annually .
This industry is cyclical in nature and now
it is coming out of a bad cycle .For the last six
months company is showing turnaround performance .
Now it is quoting around Rs.13/-.Keep an eye on this.
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