CMP: 61

Walchandnagar Industries Limited operates an engineering company. The Group provides projects and equipment for cement, chemical, nuclear power, and sugar and fertilizer plants. They also specialize in material handling, gears & gear boxes, and heat exchangers. The Group also manages restaurants and provides catering services.

This news is still at heard on the street level. Walchandnagar to announce a JV with Boeing. Walchandnagar will supply selected aerospace components and will jointly explore and evaluate various business opportunities in India. One can buy only from a traders perspective, as this is not a great long term investment.

Walchandnagar is a 233 Crore penny cap stock with debt of 187 Crores with 18 Crores cash in hand.