Everest Kanto Cylinders is looking to reduce over half of its debt by the end of the fiscal. The company is hopeful of paring by 60 percent of Rs 240-crore debt by FY17, said Puneet Khurana, Director, Everest Kanto Cylinders.
Everest Kanto have been reporting losses over the past few quarters and Prem Khurana, CMD of the company blames OEMs for its low growth in the Indian market.
Prakash Diwan, Head - Institutional Client Group, Asit C Mehta Investment Intermediates is positive on Titan Industries.