dkishore
17-04-2008, 07:06 AM
Shares of Pune-based auto component company Autoline Industries have gained close to 14% over the past week. The counter ended around 2% higher at Rs 211.05 on Wednesday on the BSE. Analysts maintain the company’s turnover for March ’09 could go up to Rs 800 crore, against a turnover of Rs 400 crore as on March ’08.
Word on the street is that the company is expecting a repeat order worth around Rs 70-100 crore from Tata Motors. Tata Motors, which buys components for passenger cars and commercial vehicles, is Autoline's largest customer, contributing to almost 75% of its revenue
Word on the street is that the company is expecting a repeat order worth around Rs 70-100 crore from Tata Motors. Tata Motors, which buys components for passenger cars and commercial vehicles, is Autoline's largest customer, contributing to almost 75% of its revenue