What is the future expected for Nissan Copper? Will it be worth buying it now? Gurus, please advise.
About: Nissan Copper Ltd.
It will be a Hot stock considering the following facts , Nissan is , Leading semi-finished copper products maker Nissan Copper's turnover is likely to surge by over 150 per cent to Rs 325 crore in FY'11 on the back of its new plant becoming operational this month. The new plant, which will manufacture inner groove copper tubes used for air-conditioning and refrigeration, will be the first of its kind in India.
India currently imports its entire requirement of around 48,000 tonnes of copper tubes, which comes to around $ 480 million. Nissan products have a ready demand... Additionally, the annual growth of over 15 per cent in the AC and refrigeration markets in India will also be very helpful,
The plant will be operational by July-end and the commercial operations start in September. Courtesy the capacity addition, Thier sales in FY'11 will touch Rs 325 crore, which we plan to take up to Rs 550 crore in FY'12," The new fac ...more