Buy Balmer Lawrie and Company Limited and HBL Power Systems Limited

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Buy Balmer Lawrie and Company Limited:

 

Balmer Lawrie and Company Limited

 

Balmer Lawrie and Company Ltd has officially announced a standalone sales of Rs. 387.92 Cr for the third quarter finished on 31-12-2020, which is 15.81% down from its previous quarter sales of Rs. 276.87 Cr and 10.44% down from its previous year same quarter sales of Rs. 383.19 Cr. The company reported a net profit after tax of Rs. 9.63 Cr in the previous quarter.

Outlook:

Balmer Lawrie and Company Ltd: Experts suggested buy call at current market price: Rs. 130.70 with a target price: Rs. 135; stoploss: Rs. 121.

Buy HBL Power Systems Limited:

 

HBL Power Systems Limited

 

HBL Power Systems Ltd has officially announced a consolidated sales of Rs. 233.38 Cr for the third quarter finished on 31-12-2020, which is 8.81% down from its previous quarter sales of Rs. 254.90 Cr and 9.44% down from its previous year same quarter sales of Rs. 258.15 Cr. The company reported a net profit after tax of Rs. 1.06 Cr in the previous quarter.

Outlook:

HBL Power Systems Ltd: Experts suggested buy call at current market price: Rs. 40.80 with a target price: Rs. 45; stoploss: Rs. 35.

Disclaimer: The perspectives and investment tips are given in this section are the expert’s own and not that of the website or its management. We encourage clients to check with certified experts before taking any position in the stocks/shares mentioned.

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