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Looking at another multibagger called Nitin Fire Protection

himesh's picture
Submitted by himesh on December 3, 2009 - 22:12

About Company

Nitin fire ,is in business of fire extinguisher industrial and small and also CNG cascades. Check out it's website for more product info.

Again I think it's intereting to see how a fire company relates to infrastruture development in India. Few years ago , less shopping mall less requirement for those red color fire extinguishers. As economy and real estate around us grew demand for these services increased making Nitin one of the fastest growing company.

Sales

Bases on this online financial info company had sales of around 246 cr in year ended march 09 and a net profit of 24cr. ( really !!! ) Sound's great if we believe these numbers

MF invested

Looks like some of JM and Kotak funds are holding good position on this stock ( 6% )

Technicals

After kissing 360 mark stock has corrected more than 25% in past month , volumes are low . there are more than 50% chance that stock would rebound from here .


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