Hindustan Hardy Spicer Detail
Hindustan Hardy Spicer is in portfolio of Dilip Kumar Lakhi. He is one of the top investors in India. The company belongs to Auto Ancillary sector. Note the Company is known as Hindustan hardy nowadays.
As per the Company website it engages in the design, manufacture, and sale of propeller shafts, UJ kit double cardan shafts, and components in India and internationally. It provides its products for automotive, industrial, and other applications. The Company is based in Nashik.
I had tough time finding Company website to gather some information about it. But I was not successful finding the website. This does not leave positive impression on me. I do not like Companies having no online presence in today’s world.
I have shared long term price performance chart of the Company below.As per Dow theory of technical analysis price performance over a period of time reflects Company state.
Hindustan Hardy Spicer Stock Performance
The stock has decent performance on stock exchanges despite no online presence and much information about its business. The stock has mainly traded in price range of 50 and 100 most of the times. The bottom is gradually shifting near 50 price point and top is at 150 price point.
It is not investment grade stock as per above price performance. It can be traded if anyone is interested.The buy price can be close to 50 and sell price can be above 100. This is based on the long term support and resistance concept of trading.
Hindustan Hardy Spicer My Opinion
Hindustan Hardy Spicer is an Auto Ancillary Company. As mentioned above this is not investment grade stock. You should not invest in it for long term. Instead it can be traded purely based on long term price chart.
I personally like Companies which have good amount of information present in public domain. That helps retail investors like us gather more information about it and make a decision based on that information.
This Company does not provide comfort to me as there is lac of information present in public domain. Also the price performance in past is not encouraging. This being old company should have adequate information present. I will not be tracking this Company leave alone investing.Note I have invested in Auto Ancillary Company and will continue to hold it further.
In case you are interested then you can track the company by adding it to your stock watch list. That way you can keep close eye on the Company.