MYSURU Union Minister for Heavy Industries and Steel H.D. Kumaraswamy on Sunday promised to make serious efforts to revive Visvesvaraya Iron and Steel Ltd. (VISL) and the watch manufacturing company Hindustan Machine Tools (HMT).

Kumaraswamy assures efforts to revive VISL and HMT

Union Minister H.D. Kumaraswamy pledges to revive HMT MTL, protect assets, and address workforce concerns under Atmanirbhar Bharat vision.

Kumaraswamy assures revival of HMT MTL, action to protect company’s land

A 22-year-old student in Bengaluru allegedly ended his life at his house in HMT Layout, Jalahalli, on Tuesday evening after being harassed by a loan app company.

Loan app scam: engineering student found dead

IOCL inaugurates free oil change facility at Indian Oil COCO HMT in Bengaluru. Customers can avail free nitrogen, vacuum cleaning & windscreen cleaning. 13 out of 30 Customer Attendants are female. RO sold highest ever sales volumes in June 2023, making it highest in MS sales in Karnataka.

IOCL inaugurates free oil change facility in Bengaluru

A plan has been unveiled to locate the wreckage of HMT Empire Windrush and pull off the 1.5-tonne anchor and keep it on permanent display.

Windrush Day 2023: Campaign to retrieve HMT Empire Windrush anchor launched

HMT reports consolidated net loss of Rs 19.90 crore in the December 2022 quarter

Visit part of studying feasibility of the 27-acre area near HMT at Kalamassery

Chief Secretary, judge inspect site for proposed High Court building

HMT reports consolidated net loss of Rs 36.45 crore in the September 2022 quarter

Acquiring HMT, NAD land crucial for extension of Seaport-Airport Road in Kochi

BJP seeks protection of HMT land from encroachment

Wipro and HMT will collaborate to enable end-to-end SIAM services, from strategy, design, and implementation to running business-as-usual services such as day-to-day coordination of service integration across HMT’s vendors. Wipro’s robust SIAM

Wipro bags multi-year contract with HM Treasury

Price return has been average, nothing exciting

Performance

Can be considered moderately valued vs the market

Valuation

Financials growth has been moderate for a few years

Growth

Showing good signs of profitability & efficiency

Profitability

Fundamentals

Good time to consider, stock is not in the overbought zone

Technicals

Entry point

The stock has a moderate number of red flags

Promoter pledged holding

Unsolicited messages

Default probability

Red flags

HMT Limited is a company, which is engaged in the manufacturing and selling of tractors and food processing machines. It is also in the business of watches, printing machinery, metal forming presses, die casting, plastic processing and bearings.

HMT Ltd