AHMEDNAGAR FORGINGS LTD- A GOOD BUY AT PRESENT LEVELS

A GOOD BUY AT PRESENT LEVELS- AHMEDNAGAR FORGINGS -CMP- 124
Ahmednagar Forgings Limited - manufactures and sells forging and
machined automotive components. The company also offers cold forged
parts and high tensile fasteners.Ahmednagar Forgings is the largest
forgings manufacturer in the small and medium component segm...ent.
Also the company is trading with a PE of 7..and if compared with the Industry PE of around 40...it is relatively cheap....and as the quarterly earnings are on the radar, the stock can move up from this support of 124 to make up to 150 levels, which is the main resistance for the stock....
a good medium term buy......cheers...