While looking for auto parts retailers in India I came across this company from TVS group . Their web site is http://www.impal.net/about.htm and it's doing business of auto parts distribution. That's a lucrative and good margin business. Company had sales of 300 cr and profit of 25 cr before taxes.
Almost debt free company available at good p/e. I am sold into this stock.
can any one suggest the tgt price for clutch auto???
Sona Koyo stock is trading in narrow range for 2 months now, stock is in accumulation mode and good news from auto industry keep coming.
There are good days for sona koyo ahead, stock is making a solid base and ready for breakout beyond 18 level soon.
Tyre exports this year are heading towards negative
territory largely due to the increasing competition from Chinese
manufacturers in the traditional markets of Indian tyre makers. Mostly due to dumping by Chinese manufacturers.