Porwal auto is almost completed its southward journey... taking account of its result for the last quarter one should seriously think about adding this stock in one`s portfolio. A dividend paying company is always considered as blue eyed one in the bourses, it has an affiliation with renowned company like Volvo & eichers motors. Indian railways is remain in their main client list. It is prime time to grab this share when all the negative factors have been zeroed in and discounted to its share price and only rosy days are next to come with changing scenerio in auto ancillary sector. Catch it young and hold for two years for bigger returns.Little sign of recovery in company`s top & bottom line in this Q. Still it is in red taking account of Q3 ending earnings in the current financial year. However, its a bleak sign of recovery in this share as of now causing arrest of share price south bound journey. Perhaps, we have to wait & watch two more quarters forthcoming to determine the prosperous movements / directions in this stock. I think this is the right time to purchase this type of stock, Best of luck for the investors .
Wednesday, 19 February 2020
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