Small Cap Idea for Short Term:G G Engineering Ltd

  


We are starting a New Series where we will discuss Mid/Small Caps stocks based on Both Fundamentals and Technical for Short and Long term Investment. Last time we have covered MSTC  Mazagon Dock This week we will Analysis G G Engineering Ltd

Company Background:

G G ENGINEERING LTD was established on 23rd January 2006 to cater to the rising demand of Quality sheet metal and heavy steel products. The organization is headed by “Mr.Vinod Beriwal”, MBA from Welingkar institute Mumbai and “Mr.Kamal Beriwal”.

G G ENGINEERING LTD  is listed on BSE with TICKER GGENG | 540614 |

Total area of  G G Engineering Ltd. is 40000 sq. ft. and covered area is 20,000 sq.ft. G G Engineering Limited offers an extensive product range across industrial diesel generator sets. Our enclosed diesel generator sets are driven by TATA Motors Engines, ranging from 20 KVA to 125 KVA (20 kW to 100 kW). We also provide Industrial Engines for various application, Marine engines and Spare parts for local as well as International diesel genset market.

G G Engineering specialize in custom-built enclosure sets for no matter stationary or mobile applications. Our latest series are equipped with engines applying Quantum techniques, enhancing durability and stability.

Company has also started in Waste Managment nearest Competitor to Antony Waste Handling as seen in below Commercial which will add Revenues to both topline and bottomline.

Technicals

G G ENGINEERING is near a Channel Breakout as shown in above chart. Once we start seeing close above 121 Rally can extend towards 133/144/156. 

Traders can go long in range of 117-121 with SL of 105 for a target of 133/144/156 in next 1.5-2 months.

Please also do your own study before trading this stock and trade in small quantity also be strict with Stoploss.



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