The Hindu Business Line : ITL: Value buying seen

The stock of ITL Industries ended at Rs 36.40 up almost 20 per cent on the BSE on Friday. ITL is an established leading metal cutting solution provider offering wide range of machines, tools and cutting lubricants. Dealers maintain the stock is on an upswing on the back of huge demand from the construction, infrastructure and capital goods sector.

Analysts said that there has been an increase in the demand for metal cutting machines and ITL is well placed to take advantage of this opportunity as it is a leader in high speed sawing technology and is in the process of establishing itself in the domestic and global markets as an innovative and reliable.

Dealers maintain the stock is undervalued at these levels. The stock has appreciated by more than 39 per cent over the past one month and gained ground by almost 32 per cent weekly.

Deeptha Rajkumar

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