Pitti Laminations: A fallen angel worth picking up!?

Discussion in 'Ask A Query About Your Stock Picks And Portfolio' started by dineshkapoor27, Apr 7, 2016.

  1. dineshkapoor27

    dineshkapoor27 Active Member

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    Hi everyone,

    I was looking at Pitti Laminations, a micro cap with a m-cap of 78 Cr. Its India's largest metal laminations company. The company is in steel laminations business primarily but has also diversified from steel laminations to tooling, forging etc. Company is a net exporter to many countries a clientele is quite good: See - https://www.pitti.in/clients.html

    Last few quarters have been quite disappointing and it is expected to stay the same for some time to come. ICICI Direct's report (See- https://www.moneycontrol.com/news/r...nations-targetrs-50-icici-direct_4258441.html) talks about risks and opportunities ahead for the company, and still gives a rating of Rs. 50 (approx 90% from current price).

    Worth picking up a bit of stake in it as downside seems limited, any thoughts?
     
  2. darth

    darth Active Member

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    One key trigger is GE orders. Stock could then go higher than 50.

    Downside at sub 30 anyways is limited.
     
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  3. New_Investor

    New_Investor Active Member

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  4. darth

    darth Active Member

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    Up 11% yesterday.
     
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  5. dineshkapoor27

    dineshkapoor27 Active Member

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    Congratulations to those who hung on to Pitti Laminations! It seems that now the patience might bear fruit!

     
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