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Igarashi Motors CMP 402 52 week High/Low 774 / 322

Dear Friends,

Basically into electrical equipment, Igarashi Motors is currently quoting around 402 and enjoying better price to earning than its competitors ; industry suffering the pe of more than 30. With last reported ROE of 25 (as on 31 Mar 201% and EPS of 20 with reserves going up and other valuation posting higher level, it is a buy in small numbers keeping the overall market scenario in mind.

A virtually debt free company (debt equity ratio of 0.17%), the stock is a buy provided one keeps time horizon looking at the obtaining market conditions.

Tilak
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