While some of our recommended companies have surpassed our expectations, for a few others, the quarter turned out to be a dull one.
Shivam Autotech saw 17 percent increase in sales in the month of September. In an interview to CNBC-TV18, Neeraj Munjal, MD of the company spoke about the numbers and his outlook going ahead.
Shivam Autotech, run by the Munjal family of Hero Group, had a difficult year. In FY17, the company reported a loss of Rs 3.82 crore as against a profit of Rs 19.3 crore in FY16, weighed down by higher interest cost. But it is turning it around now.
Shivam Autotech has reported a sales total income from operations of Rs 103.68 crore and a net profit of Rs 4.71 crore for the quarter ended Dec '15
Neeraj Deewan of Quantum Securities is of the view that one can buy JK Tyre and Industries.
Shivam Autotech has reported a sales total income from operations of Rs 98.28 crore and a net profit of Rs 3.04 crore for the quarter ended Sep '15
Shivam Autotech has reported a sales total income from operations of Rs 113.12 crore and a net profit of Rs 7.76 crore for the quarter ended Jun '15