KENNAMETAL INDIA - BOOK PARTIAL PROFIT

Kennametal India is my old recommendation 
@ Rs.350/- on 18th April 2010 ( Old posting HERE) .Today it moved up sharply and closed at Rs.1065/- , a whopping gain of more than 200 % in less than two not so good years for the overall stock market.Requesting to sell at least 50% of the total holdings at current rate and keep the balance cost free.

KENNAMETAL INDIA - UPDATE

Kennametal India is one of my old recommendation around Rs.350/- (Old Report Can be accessed HERE) .Currently it is trading @ Rs.505/-.In a latest development ,company announced its parent's decision to de-list the company from stock exchange .This will be followed by reverse book building process and the rate is expected to be higher than the current market price of Rs.505/-

KENNAMETAL INDIA - REPEAT

This scrip was earlier recommended @ Rs.350/- which is

currently trading around Rs.457/- .Last qtr performance

was excellent for the company and the good growth

visible in auto industry is expected to help the

company to perform even better in near future.

One may consider a BUY at current level for medium term .

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Kennametal India (KIL), formerly WIDIA INDIA is a

part of Kennametal Inc, USA and this Indian unit

is located at Bangalore . Company is a machine tool

major caters to auto and auto related industries,

light and general engineering industries. Its product

portfolio includes Metal & Metalworking Solutions ,

Machine Tools and Engineered Products .Worldwide

recession severely affected the company’s performance

last year and due to lack of sufficient demand

company cuts its production level ,reduce wages and

even shut down its plants for few days in last FY.

Demand of its products are closely linked with the

overall growth of core sector. Company’s customers

include GM, TVS, TELCO ,Yamaha, BHEL,

Northern Railways, Ordinance and Armament factories,

Inter Drill Asia, Escorts, Gabriel, Sterling Tools

and SKF Bearings. Most of the customers are showing

revival in their operations now.Last year Kennametal

posted a turnover of Rs.305 cr. And a net profit

of 28 cr.Company’s year ending is June and for

the half year ended Dec.2009 company’s turnover is

166 cr,and NP is 24 cr.,Which is much higher than

the last year same period.Kennametal is expected

to come back to its previous golden days soon.

KENNAMETAL INDIA

Kennametal India (KIL), formerly WIDIA INDIA is a

part of Kennametal Inc, USA and this Indian unit

is located at Bangalore . Company is a machine tool

major caters to auto and auto related industries,

light and general engineering industries. Its product

portfolio includes Metal & Metalworking Solutions ,

Machine Tools and Engineered Products .Worldwide

recession severely affected the company’s performance

last year and due to lack of sufficient demand

company cuts its production level ,reduce wages and

even shut down its plants for few days in last FY.

Demand of its products are closely linked with the

overall growth of core sector. Company’s customers

include GM, TVS, TELCO ,Yamaha, BHEL,

Northern Railways, Ordinance and Armament factories,

Inter Drill Asia, Escorts, Gabriel, Sterling Tools

and SKF Bearings. Most of the customers are showing

revival in their operations now.Last year Kennametal

posted a turnover of Rs.305 cr. And a net profit

of 28 cr.Company’s year ending is June and for

the half year ended Dec.2009 company’s turnover is

166 cr,and NP is 24 cr.,Which is much higher than

the last year same period.Kennametal is expected

to come back to its previous golden days soon.

This MNC is a buy at current 350 level.