Tulsi Extrusions Limited - Avoid
Issue Period: Feb 01 to Feb 05
Price Range: Rs.80 to Rs.85
Minimum Mkt Lot: 75 shares
Recommendation: Avoid
Allotment: Strong (in Retail category)
Sector:Engineering (Pipes)
Recommendation:
The Company competes with other pipe manufacturers in organized as well as unorganized sector on the basis of availability of product, product range, product traits, quality, price, reputation & customer service. Further, there are no entry barriers in this industry & any expansion in capacity of existing manufacturers would further intensify competition. However, economies of scale accrue to a few players & some of the major industry players are Jain Irrigation, Finolex Pipes, Kisan Mouldings & Supreme Industries Limited.
Hence we recommend investors to Avoid this IPO.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment