GD MNG FRIENDS, YOU WATCH TEXMO PIPE

Texmo Pipes (Rs. 27.00) (Code: 533164) :- Shares of this B group listed plastic products company have face-value of Rs. 10. The share touched 52-week high of Rs. 39 and low of Rs. 17. The company was established in 2008 as Mohit Ind. before changing its name to Texmo Pipes. The company is the market leader in plastic pipes and fittings space. Its product portfolio includes rigid PVC pipes, agriculture fittings, PVC elastic pipes, casing pipes, etc. Its main clients include PowerGrid, MTNL, Railway, Idea, Tata Power, L&T, etc. For FY 2016, its income rose 5% to Rs. 279 crores, net profit was up 13% to Rs. 3.74 crores, and EPS was Rs. 1.57. Share's bookvalue is Rs. 52. The stock can be seen crossing the 52-week high price in 3 - 4 months and touch Rs. 50.