Bullish on Munjal Showa: KR Choksey
The management decision to increase the liquidity in the stock has split the shares and now the face value of this share is Rs 2 and the current market price is Rs 50.
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| Updated: In a chat with ET Now, KR Choksey, Chairman, KR Choksey Securities, shares his views on various stocks.
A follow up question on Munjal Showa is that Munjal Showa is an auto ancillary company and rarely auto ancillary companies trade at a premium.
Both the companies are different, Munjal Showa and Munjal Auto. Basically the current price of this stock is 250 and looking to the current working and future growth, I see a 35% to 40% capital appreciation in this company. Very recently, the management decision to increase the liquidity in the stock has split the shares and now the face value of this share is Rs 2 and the current market price is Rs 50.
A follow up question on Munjal Showa is that Munjal Showa is an auto ancillary company and rarely auto ancillary companies trade at a premium.
Both the companies are different, Munjal Showa and Munjal Auto. Basically the current price of this stock is 250 and looking to the current working and future growth, I see a 35% to 40% capital appreciation in this company. Very recently, the management decision to increase the liquidity in the stock has split the shares and now the face value of this share is Rs 2 and the current market price is Rs 50.
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