Thejo Engineering, a Chennai-based engineering solutions provider, on Friday inaugurated a 3.1 lakh sq ft manufacturing unit in Ponneri near the city.

Thejo Engineering undertakes ₹150-crore capacity expansion

This is Chennai-based Thejo Engineering, which is also owned by Porinju Veliyath’s PMS firm Equity Intelligence and individual investor Mukul Agrawal. Here’s all you need to know about the company.

Porinju Veliyath, Mukul Agrawal’s favourite SME stock soars nearly 1,800% in 10 years; key things to know

Natco Pharma, Thejo Engineering bag Moneylife Foundation’s 1st Corporate Governance Award

It intends to maintain its premium position in the conveyor services segment.

Thejo Engineering eyes higher CAGR in 5 years on domestic-cum-international growth

​​“In spite of having to face unprecedented challenges due to the sudden outbreak of Covid-19 and stringent lockdowns, Thejo has been able to emerge with very strong figures largely because of a very dominant presence in the market, unique approach to conduct of business, cost control and efficient …

Able to emerge with strong results because of unique approach: Thejo Engineering

Othe stocks in focus ae GMR infra, SBI, Future Retail, SBI, M&M, Thejo Engineering, Dhoot Industrial Finance, Inox Wind, Khadim India, Kohinoor Foods

Stocks in the news: GMR infra, SBI, Future Retail, M&M, Thejo Engineering

Porinju Veliyaths Equity Intelligence India, Asian Markets Securities and Biyani Financial Services bought 50,000, 25,000 and 25,000 shares of Thejo Engineering respectively, while India Opportunities Fund sold 1,71,400 shares of the company.

NSE-BSE Bulk Deals: Porinju Veliyath’s firm laps up Thejo Engg, cuts stake in Liberty Shoes

Price return has been average, nothing exciting

Performance

Seems to be overvalued vs the market average

Valuation

Lagging behind the market in financials growth

Growth

Showing good signs of profitability & efficiency

Profitability

The stock is overpriced but is not in the overbought zone

Current price is more than the intrinsic value

Fundamentals

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

Technicals

Entry point

Promoter pledged holding

Unsolicited messages

Default probability

Red flags

Thejo Engineering Limited is engaged in providing engineering solutions for bulk material handling, conveyor systems, mineral processing and corrosion protection sectors.