Keynotes Financial Opiniery is bullish on Menon Bearings has recommended buy rating on the stock with a target price of Rs 105 in its research report dated March 19, 2019.
Keynotes Financial Opiniery's research report on Menon Bearings
Menon bearings ltd is engaged in the manufacturing of auto components. The Company's products include bi-metal engine bearings; bushes and thrust washers for light and heavy automobile engines; two wheeler engines, and compressors for refrigerators, air conditioners and others. Its bearing products include bearings for connecting rods, bearings for crank shafts, flanged bearings and trimetal bearings. It offers truncated bushes for connecting rods; ball indented bushes; bushes for connecting rods; cam shafts; rock shafts, and rocker arms. Its thrust washers include washers with thrust face contours and ring type thrust washers. Its aluminum products include engine components, gear case covers, clutch assembly, cylinder heads for automobile engines, break parts, engine parts, portable tools and fuel pump parts. The Company exports its products to the United States, the United Kingdom, Italy, France, China, Mexico and Brazil, among others.
On the basis of Discount Cash Flow Valuation Method, we are recommending ‘Buy’ for the stock. Since the stock offers good opportunity, we initiate a ‘BUY’ signal on the stock with 12-month price target of Rs 105/- share an upside of 15% from current levels.Get access to India's fastest growing financial subscriptions service Moneycontrol Pro for as little as Rs 599 for first year. Use the code "GETPRO". Moneycontrol Pro offers you all the information you need for wealth creation including actionable investment ideas, independent research and insights & analysis For more information, check out the Moneycontrol website or mobile app.