WALCHANDNAGAR INDUSTRIES promising stock To invest

Walchandnagar Industries has been around for the last 100 years and that in itself is a very big deal, as today, the company’s come and go in the blink of an eyelid. The company, which was earlier named Marshland & Price, has been named after the late Walchand Hirachand who bought it from the British owners.
In its 100th year, the company has managed to maintain its growth rate. For the year ended 30th September 2008, its net sales rose 10% and managing to keep operating expenses at around 9.5%, it managed to post a 10% rise in EBITDA at Rs.69.73 crore. PAT was up 12% at Rs.39.77 crore. On an equity of Rs.7.61 crore, its EPS now stands at Rs.12.32, on a face value of Rs.2 per share.
The company is also majorly into thermo-dynamic and related co-generation as well. A plant converting solid waste to power was already working in Hyderabad, while another one is on the anvil in Karnataka.

The company is planning a Capex of Rs.50 to Rs.100 crore in the Walchandnagar plant and the foundry division in Satara. The next fiscal is expected to be much better as towards the second half of FY10, orders would start coming in from the proposed nuclear power plants and for expansion of existing ones.
Walchandnagar Industries Ltd is an ISO-9001 -2000 certified, multi product,multi discipline,high-tech, heavy engineering, Projects execution company catering to diverse Industries such as:

The stock is currently quoted at Rs.88, which is a tad higher than its new low it made on 27th Oct at Rs.82. Shareholders would do best to hold on to the stock as the promise for the future looks good, so don't think go ahead.
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Walchandnagar Industries Ltd.'s Audited Financial Results for the Year Ended 30.9.08 are declared