Nuke deal pumps it up for KSB
The stock gained more than 3% on Friday to end at Rs 570.30. In the past one week, it has risen nearly 13%.
By TNN |
With the US Secretary of State Condoleezza Rice expressing confidence that a “win-win” Indo-US nuclear deal would be completed “by the end of the year”, analysts are hurriedly coming out with positive reports on companies that supply equipment for nuclear installations. The deal will see many additions to the nuclear installations, say analysts.
Companies like Bhel, L&T and KSB Pumps, among others, manufacture many vital parts for nuclear reactors. According to grapevine, while Bhel and L&T are among the well-known entities, KSB Pumps might just emerge as a surprise gainer. The company manufactures highquality pumps that are used in nuclear reactors and is among the very few firms that have a quality certification approved by the Indian government. It is said that the company already has a huge order book for the next two years and any additions due to the nuclear deal might just add to a further 30% to its turnover every year over the next five years. The stock gained more than 3% on Friday to end at Rs 570.30. In the past one week, it has risen nearly 13%.
Companies like Bhel, L&T and KSB Pumps, among others, manufacture many vital parts for nuclear reactors. According to grapevine, while Bhel and L&T are among the well-known entities, KSB Pumps might just emerge as a surprise gainer. The company manufactures highquality pumps that are used in nuclear reactors and is among the very few firms that have a quality certification approved by the Indian government. It is said that the company already has a huge order book for the next two years and any additions due to the nuclear deal might just add to a further 30% to its turnover every year over the next five years. The stock gained more than 3% on Friday to end at Rs 570.30. In the past one week, it has risen nearly 13%.
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