India Nippon Electric looking in upward tangent.

India Nippon Electricals Ltd. is a leading manufacturer of Ignition Systems for auto industry with special focus on two-wheeler industry in technical collaboration with Mahle Electric Drives Japan. In addition to the support from the collaborators, the company has a developed research & development Centre recognized by DSIR, Govt of India. The company has three manufacturing facilities in India and supplies to domestic as well as overseas markets.

India Nippon electrical CMP is 509.50. The Negative aspects of the company declining cash from operations annual, FIIs are decreasing stake, promoter holding decreasing. The positive aspects of the company are Low debt, zero promoter pledge, MFs are increasing stake, Improving cash from operations annual.
Entry can be taken after closing above 517.Targets in the stock will be 536 and 549.Long term target in the stock will be 560+. Stop loss in the stock should be maintained at Closing below 481.

The above information is provided for educational purpose, analysis and paper trading only. Please don't treat this as a buy or sell recommendation for the stock. We will not be responsible for any Profit or loss that may occur due to any financial decision taken based on any data provided in this message.