Firstcall's research report on Stovec IndustriesStovec Industries Ltd was established by Stork Prints B.V the Netherlands in early 1970’s and has a work force of 190. Stovec Industries Limited (SIL) was incorporated on June 5, 1973 as Stovec Screens India Limited. and was subsequently renamed Stovec Industries Limited on October 12, 1988. The registered & corporate office and manufacturing facilities of the company are situated at N.I.D.C., Near Lambha Village, Post Narol, Ahmedabad, and Gujarat. Stovec essentially operates in three verticals viz. Textile Printing, Graphics Printing and Sugar Filtration. SIL is a technology and market leader for the supply of rotary – screen and printing machines and through continuous innovations and strong distribution network. Stovec offers complete programmes for penta Screens, Standard Screens, Nova Screens Random Screens, Endrings, Digital Ink Lacquers and Chemicals that enables highest quality results in Textile printing. It also offers a wide range of additional products for conventional and digital engraving methods. Stovec is also a preferred supplier if electroformed products for sugar Industry as well as packaging and graphite printing Industry. We expect that the company surplus scenario is likely to continue for the next three years, will keep its growth story in the coming quarters also. We recommend ‘BUY’ in this particular scrip with a target price of Rs.2290.00 for Medium to Long term investment. For all recommendations, click here Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.
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