Ador Welding looking good for a bounce back. Ador Welding Ltd. is a holding company, which engages in the manufacture and sale of welding equipment. It operates through the following segments: Consumables, Equipment and Automation, and Flares and Process Equipment Division. The Consumables segment comprises of electrodes, wires, agency items related to consumables from Silvassa, Raipur, and Chennai plant. The Equipment and Automation segment includes equipment, spares, cutting products and agency items from Chinchwad plant.
Ador Welding Ltd. CMP is 1462.35. The Negative aspects of the company are High Valuation (P.E. = 23.1) and declining cash flow. The positive aspects of the company are increasing annual net profit, no debt, zero promoter pledge, MFs are increasing stake.
Entry can be taken after closing above 1479. Targets in the stock will be 1539 and 1590. The long-term target in the stock will be 1660. Stop loss in the stock should be maintained at Closing below 1337.
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