EVEREST KANTO CYLINDERS has underperformed the markets over past four months as it has declined by 12% as against 5% rise in SENSEX during the same period. We feel this is due to concerns regarding its high cost inventory and lower off take form OEM segment. However now the high cost inventory is almost over and also the supplies to OEM have picked up. Thus we expect the stock of EVEREST KANTO CYLINDERS to get rerated going forward
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