Shares of McNally Bharat Engineering have surged by over 600% in the past 12 months, way ahead of the appreciation of 80% for the Sensex and 115% for the capital goods index.
The company has benefited, thanks to strong financial performance and also an aggressive expansion strategy, featuring not just expansion but also acquisition and a foray into greenfield areas. Despite the sharp rise in borrowings and its debt-servicing cost, the company seems to be managing its growth quite well.
McNally set for better days in a slow growth climate
Posted by SHPark 213 days ago (http://economictimes.indiatimes.com)Who Voted for this Story
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