STOCK SCAN

The Hi-Tech Gears is engaged in the manufacturing of auto components. The Company is primarily engaged in the business of gears and transmission components. The Company is among very few in the world which supply to OEMs manufacturing two wheelers to commercial vehicles, tractors and off-road vehicles in India and overseas offering a range of parts and accessories. HiTech (E-Soft) is a division of the Company, which is engaged in the business of engineering software solutions. The company’s product ranges include auto components for power takeoff, two wheeler, car transmission and drive line components, commercial vehicle and precision forging. It services diverse clients across the globe for engine and transmission components. Its forging customers include various national and international customers. Recently launched car transmission vertical has found good traction in both domestic and export markets. Buy on declines for target price of `600.

Kesar Petroproducts is one of the leading manufacturers of CPC Blue Crude and its downstream products in India with over 15 per cent market share of the Indian CPC market. The company’s main products include Petroproducts and Chemicals. The company is moving up the value chain and increasing contribution from high value high margin products has resulted in an improvement in margins. Continuous product innovation through use of technology and high entry barrier in business due to intensive environmental regulations, water requirements, difficulty in obtaining licenses, gives company good competitive advantage and visibility of earnings. Buy for target price of `70.

C. Kutumba Rao is an avid follower of stock markets. This newspaper is not liable for decisions made on the basis of this column. Views expressed in the article are personal views of the writer.