Pradeep Metals #PRADPME #Multibagger #Investing *PRADEEP Metals* #PRADPME Good for Holding around 9 Months ..... Current Price at *228.05* ......... Keep SL at *205.15* .... (On Closing Basis ... Means ... Daily Candle closed Below *205.15* )….. After Close Crossing *273.30* …. Trail SL to *260* Targets are Shown on Chart in Greens ..
Looking Good for Short Term Swing Trade, Also Can Hold for Atleast 9 Months,
Company has delivered good profit growth of 42.9% CAGR over last 5 years.
Company has a good return on equity (ROE) track record: 3 Years ROE 29.0%.
Expansion:
Company plans to acquire and install a 2.25 MW Land Based Solar Plant, on turnkey basis, at Rs. 1.2 Cr. The Solar Plant will be commissioned in FY24.
Patent:
a) On 21st November 2023, PML, jointly
with Chubu University Educational Foundation, Japan, was granted Patent for invention entitled Microwave Composite Heating Furnace. This invented process can be used to produce a purer grade pig iron using fine iron ore and coal powder, without using expensive coke, which results in a reduction in Greenhouse gas emission by up to 50%
b) On 21st June 2023, company was granted Patent for inventing Continuous Process for Baking of Cured Friction Material using Electro magnetic Energy. This process completes the baking process in manufacturing of brake pads, drum linings and clutches, which are used in speed reduction applications, in a shorter duration using microwaves, resulting
in saving of energy.
