Roto Pump was recommended in JUly 2009 @ Rs.45 and has appreciated by almost 85% in less than 9 months..Great going indeed….Roto Pumps was started in 1968 to manufacture progressive cavity pumps as an IMPORT substitute. It came out with its IPO in 1994, and since then has grown at an avg. growth of 30%. Over the last 3 years, Company’s revenue has more than doubled from Rs. 24 crores in 2006 to Rs. 54 crores in 2009, and the PAT has increased from almost Re. 1 Crore to Rs. 3.3 crores during the same period.
|Scrip Code : 517500 Company : Roto Pumps Ltd|
Results reproduced from bseindia
Roto is on an expansion and modernization programme, and for this purpose is setting up an integrated R & D and production facility at its 5 Acre plot in Greater Noida Ecotech XII Sector. During last FY, it has received big orders from Larsen and Toubro and Blue Waters Australia against stiff international competition.This speaks volumes for quality of new generation pumps manufactured by Roto.
Partial Profit booking between Rs. 84-Rs. 90 is recommended and re-entry at about Rs.65 level..
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