SENSEX NIFTY
Jun 20, 2011, 03.40 PM IST | Source: CNBC-TV18

Carborundum Universal can head upto Rs 320: Kotak

Carborundum Universal can head upto Rs 320, says Kamlesh Kotak, Vice President-Research, Asian Markets Securities Private Limited.

Your Stocks

Excerpts from Your Stocks on CNBC-TV18 Watch the full show »

Carborundum Universal can head upto Rs 320, says Kamlesh Kotak, Vice President-Research, Asian Markets Securities Private Limited.

Kotak told CNBC-TV18, "Carborundum Universal is a fairly strong consistent player, has been growing at a fairly consistent pace over last five years. The companys three businesses like ceramics, electric minerals and abrasives which are finding applications like mining, minerals, metals, engineering and power. All of which are doing well."

He further added, It also has fair presence across China, Africa and other geographies, which also they are of further strengthening. The company is looking to be maintaining its margins and with strong growth in terms of the topline. We are seeing the stock to be heading towards a price of Rs 320 over the near-term."

READ MORE ON  Carborundum Universal
Set email alert for

ADS BY GOOGLE

video of the day

See earnings growth spike, big reforms in 2015: Envision

Explore Moneycontrol

Copyright © e-Eighteen.com Ltd. All rights reserved. Reproduction of news articles, photos, videos or any other content in whole or in part in any form or medium without express written permission of moneycontrol.com is prohibited.