Hot Stock: Stock Market Recovers after Initial Selling Pressure
Today, the stock market experienced initial selling pressure, but managed to recover by the end of the day and closed in the green. However, the Sharad market is currently showing instability, causing confusion among investors regarding which stocks to invest in. To provide guidance, veteran experts have suggested buying selective stocks.
Investing in Power Mech: A Wise Choice for Short to Long Term
Power Mech has been chosen by stock market experts as a recommended investment option. Experts have been advising buying shares of this company since February 2023, and the stock has doubled in price since then. Here are the details:
Power Mech:
- Expert Advice: Buy now
- Current Price: Rs 4271
- Estimated Target Price: Rs 4930-4990
- Investment Period: 6 to 9 months
About Power Mech: A Giant in Engineering and Construction
Power Mech is a renowned company in the field of engineering and construction. It is considered one of the largest companies specializing in industrial and infrastructure construction, as well as industrial services. The company was established in 1999 and boasts a high asset base value.
Company Fundamentals: Performance and Shareholder Details
On Wednesday, September 13, 2023, Power Mech’s shares closed at Rs 4,271.00, experiencing a fall of 1.42 percent. Over the past 3 years, the company has provided returns of 17-18 percent to its investors. Additionally, the company’s sales have seen an increase of 18-19 percent.
The equity value of Power Mech is Rs 15 Crores, with the promoters holding 64-65 percent share capital. Notably, significant domestic and foreign investors have also invested in the company, accounting for 10-11 percent of the share capital. The order book size of Power Mech stands at Rs 15-20 thousand crores.
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