richa industries

Richa is doing vry gud . soon ot will break its 52 week high . valuation vry cheap

 

Kindly share your thoughts which make Richa interesting bet beside valuation.

 

Richa Industries is a very good company and keep it for long term.

 

Richa Industries Wins First Rail Over Bridge Project for Railways

New Delhi, 09 December 2015: Richa Industries Limited, a leading Construction & Engineering company has secured first order to construct rail over bridge for Indian Railways. The project involves construction of approximately 100-110 meter span rail over bridge within the estimated completion time of fifteen months from the date of LOI. The Project value is approximately INR 20 Crores. Commenting on this achievement, Dr. Sandeep Gupta, Joint Managing Director, Richa Industries Limited says, “This is an outstanding opportunity for us to exhibit our company’s potential in a new segment. After successfully accomplishing the first project for North Central Railways, this is another major project that we have received from Railways. We are optimistic for future and look forward for more such orders from Indian Railways.”

 

Looks Good ....

 

I think if one has one yr horizon this company has potential to trade in 3 digits.

 

you are right buddy....for sure Richa will touch 3 digits

 

i think debt is quite high. please correct me if i am wrong.

 

Vineet, debt at this level is common for PEB business. We need to see how the debt is coming down during each quarter results.

 

Richa will try to hit 52 week high and sustained thr . comments invited