SP Tulsian of sptulsian.com joins CNBC-TV18 to give his multibagger stock ideas for trade today. He picks JBM Auto and Pitti Laminations.
On JBM AutoThis company is involved in making sheet metal component and welded sub-assemblies which are used largely by automobile plants. They have three plants, in Noida, Gurgaon and at Nasik, and cater to major auto manufacturers.
The performance of the company has been quite robust. Even for FY11, they had a topline of close to Rs 750 with EPS of about Rs 20 plus. If I go by their Q1 result for this fiscal, they posted a topline of Rs 200 crore plus with EPS of close to about Rs 5.10-5.15.
Share holding pattern too is quite healthy and respectable, with promoters
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