Money Tree

INDUSTRY : REFINERIES

The company is engaged in supply of CNG and PNG. The company has complete monopoly in running the CNG pumps in Delhi. With CNG being compulsory for all commercial vehicles in Delhi, the company has good future prospects and also the company is rapidly spreading its net in and around Delhi for supply of PNG.
The promoters of the company hold about 45% shares and around 42% is held by Mutual Funds, FIIs and FIs. Only 10% is held by public, and it is said that even most of this part is held by some operators for a long time. This is indeed a long term buy. Pick this stock below 140 levels.
Last year the company had a turnover of Rs. 458 crores and net profits of Rs. 93 crores