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Buy - Balmer Lawrie & Co. Ltd. - Target Rs. 718
Balmer Lawrie & Co Ltd is an Indian government owned entity that is managed under
the guidance of The Ministry of Petroleum and Natural Gas. The company has manufacturing facilities in Chennai, Kolkata, Mumbai, Panipat, Asaoti & Silvassa and
international offices in U.K. and U.A.E. This public sector behemoth offers a wide and
diversified array of services, rendered under five broad segments namely Industrial
Packaging, Logistics Infrastructure and Services, Travel and Tours, Greases and
Lubricants and Others (Tea, Leather Chemicals & Refinery and Oil Field Services). Of
these segments the biggest revenue growth driver is the Travel and Tours segment
followed by the Logistics Infrastructure and Services sector.
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