Rs. 17.40 at BSE on 24 June 2005
BSE Code : 532176
Panasonic AVC is an electronic product manufacturing company. It is a Japani company. Indian public holding in the company is just 13.05%. Basically company entered in India for manufacturing and selling Televisions only 10 years back. But looking at prospects in other segments it had diversified into other electronic products like mobile, washing machine, microwave oven, music systems, flat screen TV, Plasma TV and much more. It has a reliable brand name. According to ORG Marg survey Panasonic is the most trusted brand in south India and it is performing well in northern region also.
Earlier company was in loss, but now it turned around and making profit. It has repaid all the loans to be zero debt company. Company is also concentrating on retailing and planning to open “All products available under one roof” kind of stores across India. Panasonic is all set to business expansion and arranging the entire financial requirement in house. The targeted customers of the company are from Middle and High class.
Looking at above facts this could be a good choice for long term investing.
Know more about company on its website http://www.panasonic.in
Readers are advised to peruse above for their information and rely on their own judgement when making investment decisions.
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