Big market ahead for Triveni Glass Ltd:
Amravati proposed New capital of Andhra is just 80 km from TGL plant. When construction of Amravati gathers momentum, demand for building interior materials in that area will soar. TGL Will be amongst big beneficiary as there is no other glass plant in 200 km radius. Transportation of glass from long distances is not only risky ( breakages) but very expensive as well. Hence, TGL should witness never-before-seen demand boom for its designer glasses. Once OTS is fully implemented, co may go for massive Expansion considering impending demand explosion. And TGL can improve profit margins substantially. Still our Top Pick in Dark Horse segment with TP of 100+ in 2 years.
Amravati proposed New capital of Andhra is just 80 km from TGL plant. When construction of Amravati gathers momentum, demand for building interior materials in that area will soar. TGL Will be amongst big beneficiary as there is no other glass plant in 200 km radius. Transportation of glass from long distances is not only risky ( breakages) but very expensive as well. Hence, TGL should witness never-before-seen demand boom for its designer glasses. Once OTS is fully implemented, co may go for massive Expansion considering impending demand explosion. And TGL can improve profit margins substantially. Still our Top Pick in Dark Horse segment with TP of 100+ in 2 years.
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