Hilton Metal Forging Ltd: Beautiful Chart Pattern-CMP RS.21.45 NEXT TGT RS.31,32 SL.NO –BUY ,HOLD AND WAIT FOR 1 TO 3MONTHS
Hilton Metal
Forging Ltd: Beautiful Chart Pattern-CMP RS.21.45 NEXT TGT RS.31,32 SL.NO –BUY HOLD AND WAIT
FOR 1 TO 3MONTHS
Hilton Metal Forging Ltd is one of the cheapest stocks
in the sector. The Indian forging industry has now emerged as a major
contributor to the manufacturing sector of the Indian economy. Forging industry
is a basic industry and such industries tend to grow in a country in relation
to the rate of growth of its GDP.
As far as India is concerned, with the new NDA government taking measures, we can expect our GDP to improve in the
near future and therefore, the basic industries will grow and so will the
industry.
Since the forging industry is largely dependent on the
automotive sector, the forging industry will also continue to grow and do well.
Thanks to outsourcing, opportunities for exports are huge. An increasing number
of companies from all over the world are coming to India to procure components
and products. Many companies are working hard to capitalize on this. Hence the
optimism that the forging industry will continue to grow and do well in the
immediate future.
Forging is a process in which metals are shaped into
desired designs by applying compressive forces. This technique is very robust
compared to a number of other metal shaping techniques because of the strength
acquired by the metal during forging. Some metals are processed hot while
others are processed cold. There are a number of forging methods such as closed
die, press, and upset forging; open die forging; and cold forging. The
Automotive industry is the major end-user of forged products, followed by the
Engineering Machinery and Railway industries.
Tech Navio's analysts forecast the Forging market in
India to grow at a CA-GR of 7.29 percent over the period 2014-2018.