Hot Chips - Walchandnagar Ind.
Jayashree / 16 Aug 2010
The scrips in this column have been recommended with a short-term investment horizon and carry high risk. So, investors are advised to take into account their risk appetite before investing, as fundamentals may or may not back the recommendations
Walchandnagar Industries (WIL) is a diversified engineering company equipped with the expertise to undertake projects in fields like nuclear power, aerospace, defence, steam generation plants, independent power projects, turnkey cement plants etc. The company has signed a MoU with DCNS of France for the manufacturing of critical technical parts for Scorpene submarines for the Indian Navy. Another important aspect of the stock is its presence in the nuclear energy space which going forward can act as a positive trigger. It already has experience in setting up nuclear power plants as the company has successfully commissioned ten plants in the nuclear space. This puts the company is an advantageous position and gain the first mover’s advantage to supply the required technologies to the power companies. The stock can be looked at short to medium-term gains.
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