I have Bought Hittco Tools at Rs. 9 to 11 with my Personal Target Price of Rs. 20 to 25

HITTCO Tools Limited started its manufacturing activities in the year 1974 and in the year 1995, HITTCO became a Public Limited Company, and embarked on a large expansion cum diversification program in the field of cutting tools.

HITTCO today, prides itself with the quality and the dedication of a professional team in areas such as technical, planning, quality control and marketing who have over the years contributed to the overall growth of the organization. The manufacturing process adopted by 'HITTCO' is the most accepted and modern method of grinding due to which a high accuracy and finish is achieved on the tools produced.

Product Portfolio:

The company manufactures different types of high performance Carbide & HSS Tools to machine-wide variety of metals & acrylic like High Performance Endmills, Endmills for Non-Ferrous Metals, HSS Jobber Drills, Die and Mold Endmills, General Purpose Endmills, Carbide High Performance Drills, etc. which can be classified as:
    a) HSS Tools:
        HSS Drills
        HSS Central Drills
        HSS End Mills
        HSS Round Tool Built
            b) Solid Carbide Tools:
                Solid Carbide End Mills
                Solid Carbide Drills
                Solid Carbide Reamers
                Solid Carbide Special Tools

User Industries: Automotive, Aerospace, Mold, Defense, Railways, Jewelry, Power-Energy, Watch, Oil & Gas, etc.

Exports:
The company markets its products through a network of distributors across the world. In FY21, the company's exports were ~4.5% of the total revenue.^[6]

Future Outlook:^[8]
The company has plans to increase the production of Drill Bits and Taps as well as Carbide Tools. Additionally, the company is also planning to expand their overseas marketing activities.

Manufacturing Units:
The company has two manufacturing units located at Peenya Industrial Area, which is the largest industrial area in all of Asia. Built area of the units is approximately 5000 Sq. Mtr.

Real Image of Plant 

SITI Networks Ltd. I Bought @ 0.80 and I am Assuming my Target of Rs. 2.00 +

You may also buy this stock based on below rational

 

Siti Networks Limited (SNL) is a part of Essel group, which is one of India’s leading business houses with a diverse portfolio of assets in media, packaging, entertainment, technology-enabled services, infrastructure development and education. It has grown to be India’s largest Multi-System Operator (MSO) and a leading wired broadband service provider. SNL has been providing services in analogue and digital mode, armed with technical capability to provide features like Video on Demand, Pay per View, Over-The-Top content, Electronic Programming Guide and Gaming through a Set Top Box. All products are marketed under SITI brand name.

 

The cable operations of SITI Networks Limited were launched in June 1994. It was then a 100% subsidiary of Zee Telefilms Limited (ZTL). On March 31, 2006, as per the Scheme of Arrangement approved by the High Court in Mumbai, Zee Telefilms Limited (ZTL) was renamed as Zee Entertainment Enterprises Limited (ZEEL) and was demerged into 4 companies, WWIL was one of them. All the TV distribution business of ZTL, which was under SITI Networks Limited was transferred to WWIL.

 

With 15 digital head ends and a network of more than 33,000 km of optical fibre and coaxial cable, it provides its cable services in India to ~580 locations and adjoining areas, reaching out to over 11.55 million digital viewers.

Still, the company has maintained a good amount of Turnover and I am assuming this will increase further due to an increase in it's broadband subscribers. The company's present turnover is Rs. 1345 for FY 2022-23 with an operating profit of Rs. 119 Crore.

The main -ve point is Company is under CIRP -  Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code, 2016, so, that I have taken a calculative risk in this stock and Invested some money.

The IRP took control and management of the Company on 16 August 2023. Currently, the powers of the Board of Directors of the Company stand suspended and are being exercised by Mr. Rohit Mehra as the IRP of the Company in accordance with the provisions of the Code and related regulations.

 Providing Broadband services in below states.

Providing Television services in PAN India most of in all the states.

 

you can see the Performance for the year 2022-23 in the below image