According to Aashish Tater, head of research at Fort Share Broking, Wendt India and Linc Pen are two stocks that are good bets with a long term perspective.
Wendt India Wendt India is an exact proxy to Alfa Laval, where promoters were paying to acquire new companies at an annualized equivalent value of 11.5-12%. Now this is one stock which we have been tracking as a delisting candidate for the past year. However, we have now changed our view because we feel that this is a portfolio bet, not just a delisting candidate when it was hovering around at Rs 1000 mark. What interests me is that its parent Winterthur technology has been taken over by 3M India. Now the company is promoted by two groups, an Indian promoter from the Murugappa group - Carborundum Universal and now 3M India which controls almost 78% share. I donDiscover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
