Pitti Engineering Ltd: For good returns
(BSE Code: 513519) (CMP: Rs.83.95) (FV: Rs.5)
Incorporated in 1987 by Sharad Pitti, Pitti Engineering Ltd (PEL) manufactures quality laminations and is a one-stop solution provider for critical sectors. It is an ISO 9002 certified company with the largest market share in the special purpose motors segment in India. Its product range includes 300 different types of electrical laminations, which are used in all types of motors for a wide spectrum of applications, alternators, DC machines, traction motors, pumps, train lighting generators, railway lighting alternators, aeronautics and medical diagnosis equipment, windmill generators, diecast rotors, stators, etc. It manufactures press tools, progressive tools jigs, fixtures, castings, steel fabricated parts and machined components stator and rotor assemblies. It produces small laminations via high speed press for compressors. It plans to diversify into forgings.