Once the inflation cycle sets in, the cost of power production through fossil fuels will rise with every passing year, with the energy switchover to renewables becoming a viable and attractive option.
Swelect is sitting tight on a cash pile of over Rs 400 crore and deploying it judiciously will help it reap rich rewards.
Ajcon Global is bullish on Swelect Energy Systems and has recommended 'Buy' rating on the stock with a target price of Rs 700, in its research report dated January 21, 2015.
Sunidhi Securities is bullish on Numeric Power Systems and has recommended buy rating on the stock with a target of Rs 300 in its February 7, 2011 research report.