operating in Explosives segment and its clients are psu’s like coal india.
cmp : 1482
sales increased wonderfully last year. we should see if it can sustain this year as well
Chart wise setting up beautifully and its facing multiyear resistance range.
Once if it breaks 2000, it can start a new journey .
Corporate governance seems good and it has everything to grow big. This year we need to track its performance
It has been adding good on its reserves and borrowing seems okay
Cash generation is good as well
Promoters are maintaining around 54 percent holding and last quarter Mahendra Girdharilal Wadhwani has entered with 1.5 percent stake
Company is engaged in R& D and want to enlarge its customer base and want to increase its export
Disc: Just my view, study purpose only 
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