Buy on Stovec Industries & Target for Rs 370

By CROW -
Buy on Stovec Industries & Target for Rs 370

The stock of the company is trading 15.67 times to its earnings and 2.11 times to its book value.

The company is having three main divisions: screen, industrial ma-chinery and graphics. Screen division manufactures and market per-forated rotary and engraved cylindrical screens; industrial machinery division manufactures screen printing machines, plate processor ma-chines, sizing machines, splicer machines and other.

Stovec Industries is promoted by Stovec Industries group. The company is engaged in pre-sensitized off-set plates and perforated rotary screens used in the textile printing segment. It manufactures and markets pre-sensitized off-set plates, screens, electronics and other machinery related products.

The company, significantly altered it product portfolio of graphic and chemical business and is now focusing on profitable product segments in these categories. This would substantially help the company in strengthening its bottomline.

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