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|Summary||Date||Stock||Broker||Price at Reco.||Target||Price at reco|
Change since reco(%)
|2017-12-28||HLE Glasscoat Ltd. +||Nirmal Bang Institutional||200.80||200.80 (621.79%)||Mgmt Note|
Nirmal Bang Institutional
We had a meeting with the management of Swiss Glascoat Equipments (SGEL) recently to understand its business model and growth prospects. SGEL is based in Anand (Gujarat) and specialises in the design and manufacture of carbon steel glass lined equipment viz. reactors, receivers/storage tanks, dryers, filters, columns, agitators, valves, pipes and fittings. SGEL caters to the requirement of leading pharmaceutical/API, specialty chemicals, dyes/colours, agrochemicals, food processing and allied industries. The business prospects remain attached to growth in manufacturing capacity in chemical/agrochemical and API space....