This company started its operations in 1987 at Hyderabad .Pitti Lamination manufacturing Electric laminationsused in Motors and alternators.Pitti also in the field of Press tools, Progressive tools Jigs, Fixtures ..etc.Company having strong business alliances with world renowned companies like GE,Alstom,ABB..etc.After few dull years , by extensive marketing efforts company back to growth path.In June quarter Company posted a turnover of Rs.98 Cr v/s Rs.45 Cr and a net profit of Rs.6 Cr v/s Rs.1.7 Cr .EPS in June quarter alone is above Rs.4.Company is projecting a net profit of Rs.19 Cr and Rs.26 Cr for the next two years.Recently promoters hiked their stake from 40% to 60 % which is also a positive point to note.At current market price of Rs.42 ,company is trading at very low P/E .If the promoters can achieve atleat part of the projected turnover and profitability there is enough scope for appreciation from current level.CMP is Rs. 42.50/-
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