Along with Havell's, Crompton Greaves can be a very good play. They are getting into niche switchgears.They have also made some acquisitions which will hold them in wonderful stead. the best part about havell's and Crompton is their management quality.Havell's MD, Mr. Gupta(if I am not wrong) is extremely focussed and dynamic.Conducts a dealer visit almost everyday. This was one of the few companies which send their annual report immediately as I requested it and although thats not a aparameter for buying yet this is an extremely investor friendly company.Also, the bonus track record is extremely impressive. An Excellent company on all counts...
Crompton, is an excellent buy. Gautam Thapar is doing an excellent job and this company is making all right plans to forge ahead.They will grow organically as well as inorganically.
Just forgot 1 thing for Havell's.... Crabtree can be a wonderful money spinner.In this space, you may also have a ABB or a Siemens or a Larsen but they are already commanding a big premium.
Edited by Vivek Sukhani - 27/Sep/2006 at 11:17am