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Last Updated : Jan 12, 2012 10:42 AM IST | Source: CNBC-TV18

Morganite Crucible (India) can test Rs 450: Tulsian

Morganite Crucible (India) can test Rs 450, says SP Tulsian, sptulsian.com.

 
 
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Morganite Crucible (India) can test Rs 450, says SP Tulsian, sptulsian.com.


Tulsian told CNBC-TV18, "Morganite Crucible (India) is a multinational company in which Morgan of UK is holding 75% stake. They are making silicon carbides and clay graphite crucibles. Crucibles are the consumables used as pots for melting metals and largely used in the non-ferrous industries, whether you talk of aluminum, zinc, gold, silver, these are the pots which are used for melting the metal and then making that maybe the alloys or maybe the virgin metal. This is a consumable. So this has a continuous demand in all the plants and all that."

He further added, "If you see the business model of this company, I won

First Published on Jan 12, 2012 10:39 am
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