Research Head (MONEY MAKER
RESEARCH & INVESTMENT ADVISOR PVT LTD) is having a view that one
can go long in HSCL.
“HSCL is the stock which I
would recommend to buy above Rs 106; this can see a upside to levels
closer to Rs 110-112 zones, keep stop loss below Rs 101.
EBITDA of the company for the
year is increased mainly on account of higher operating inefficiencies and increase in capacity utilisation.
The Company continued to enjoy
working capital facilities under multiple banking arrangements
including State Bank of India, Central Bank of India, ICICI Bank, The
Hong Kong and Shanghai Banking Corporation(HSBC), DBS Bank, Citibank,
Axis Bank, Yes Bank, Indusind Bank, Union Bank of India and IDBI Bank
Ltd. The Company has been regular in servicing these debts.
HSCL was closed 6.43 per cent
up today at Rs 105.10 NSE.