MAHARASTR SEAMLESS-- ACCUMULATE

POSITIVE DIVERGENCE near to major support zone . down 5 ending . The stock is trading at price to earnings (PE) ratio of 8.82. This is 30 % lower than its 5 year-average of 12x.High Book value of Rs500.ROCE 22.9 % Company is almost Debt free . Profit growth of 26.3 % CARG over last % years. enjoys a 55% market share in the seamless pipes segment serving a wide variety of industries from agriculture and chemicals to engineering and oil and gas and renewable power generation .