Magna Electro Castings: Value and Growth StockNov 3, 2014
Here is a small company with good financials in Iron and steel segment. Magna Electro Castings is not easy to find good company in this segment without Debt burden.
CMP: Rs. 111.50.
Stock P/E: 9.69
Interest Coverage Ratio: 4.33,
Change in promoter holding: 1.02%.
The company is based on economy growth. So, sell when you see economy is going down. Currently world-wide economy is on revival. This can even earn money based on India growth story as well.