CMP: 21

Kinetic Motor Co. Limited manufactures and sells automotive components. The Company's products include transmission components (gears, shafts, axles etc), engine components (crankshafts, cylinder heads, camshafts etc), and complete gearbox & engine assemblies.

Kinetic Motor is a 57 Crore penny cap is not a fundamentally strong stock. Its been in heavy losses in FY07, FY08 and FY09. They have reduced liabilities over the years and the revenues have also dropped in effort to arrest the slide. Revenues have reduced drastically and they are just making less than a crore in profits which is better than losses in the past. Its trading near 52 week low (18.35) and has bounced off 20 many times in the past. Use these levels to swing trade. Exit at resistance levels 25. Next resistance at 30. Stock is not expected to go below 18.