Company Update - Ador Welding - ICICI Direct

We recently attended the analyst meet of Ador Welding (AWL). AWL aims to focus on core welding business, reduce legacy costs while streamlining projects business to regain growth momentum and improve profitability. In the domestic welding business, it aims to focus on improving margins, realisations with reconfiguration of manufacturing systems, cost rationalisation, advanced product developments, reduction of logistics costs and optimised product mix. In welding automation business, it aims to focus on improving strike ratio of orders, enhance product portfolio. In projects business, it aims to focus on flares, process equipment business, stable revenue growth, increase margins, better cash flows and reduced costs.

For details, click on the link below: Link to the report

Shares of ADOR WELDING LTD. was last trading in BSE at Rs.611.05 as compared to the previous close of Rs. 599.7. The total number of shares traded during the day was 5404 in over 538 trades.

The stock hit an intraday high of Rs. 616.6 and intraday low of 599. The net turnover during the day was Rs. 3273563.

Source : Equity Bulls

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