MEDIUM TERM BUY - HITECH GHEARS

Hi-Tech Gears

BSE: 522073   NSE: HITECHGEAR  CMP : 119.00Hi-Tech Gears Limited is an auto component manufacturer. The Company produces engine and transmission components.
Hi-Tech Gears is a good growth bet in small cap auto space. Its currently trading at a P/E of little over 5 with good dividend yields of almost 4% in the last 12 months. Revenues have grown steadily from 269 Crores to 427 Crores in the last 5 years. Profits have picked up strongly from 8 Crores to 35 Crores in the same period aided by NPM growth. NPM has picked up strongly from 3% to over 8% in the last 5 years. It has good strong support at 100 levels. Buy with long term perspective.