Artson Eng...it is still a buy..........even at Rs 91.40/-...

Friends,
I have been recommending Artson Eng at mmb and at some other Forum and Yahoo Gr..from Rs 22-23…
The takeover of the management of Artson Eng by Tata Project was there since long and it was already announced at bse site since long….I was tracking this co since then and was bullish from there onwards and hence gave a buy call at mmb and other places very very early…..People used to ask me that promoters stake is less around 16% and that is a negative but I was banking on Tata's takeover…more over Artson Eng was run by technocrats who has working experinace with L&T in their early years after completing educations and that was another bullish factor I noted in Artson Eng..
Well, today I read an article in DNAindia and after reading that I am of the opinion that Artson Eng is still a buy at this level of Rs 91…. Tata Project a sister concern of Tata Power having already orders worth Rs 900 cr in hand and bidding for $2 bn,means Rs 8000 cr contract , where Artson Eng will be also a partner , seems that Artson Eng is still a buy at this level…Artson Eng is now on a high growth path...
It seems to me that local MF's will take stake at over Rs 200 and FII's will take stake at over Rs 300 which I have already written somewhere else…..
Artson Eng
Code:522134
cmp:91.40
Now I am pasting here what I read at dnaindia:
MUMBAI: In the midst of making a couple of billion order bids for global businesses, this acquisition may seem puny but strategic in comparison for the Tata group.
Tata Projects, a closely held company from the Tata group, is acquiring a majority stake in Artson Engineering, a company which is coming out of the BIFR fold.
The investment in Artson will enable Tata Projects to make its presence felt in the hyper segment of engineering, procurement and construction activity within the greenfield power, petroleum, petrochemicals and fertilisers space.
“We are yet to receive the BIFR order. The moment it comes, we’ll inform the stock exchanges,” an Artson official said declining to give more details on the Tata Projects investment. The order is expected in a fortnight, a source said.
“It’s a win-win situation,” the source added. Artson has two veteran project managers at the helm.
N K Jagasia, chairman and managing director and P S Chopde, director, who have promoted Artson.
Between the two, Jagasia and Chopde have over 30 years’ experience in the field. They had resigned from Hindustan Petroleum to promote Artson. One of the conditions in the agreement between Tata Projects and Artson, sources said, is that the two would continue to lead the company.
Further lending credence to the impending strategic-tie-up, Artson and Tata Projects are said to be already working together in Fujairah, UAE, for ENOC, a leading oil company in the Emirates.
The Tatas are themselves in the midst of developing several big-ticket projects in the power and steel sectors. However, they have given their subsidiaries a free hand in scouting for new projects, to make them globally competitive.
Artson has experience in the oil & gas, power, fertilisers and food processing sectors. At the time of the establishment in 1978, the refineries were using Bombay High Crude, which gave a waxy product called Low Sulphur Heavy Stock (LSHS) as residual fuel oil.
LSHS had very high pour point. Artson did pioneering work and developed systems to convert the existing fuel firing systems of industry to make it suitable to use LSHS.
Artson has successfully commissioned, on a turnkey basis, more than hundred such fuel systems in the country. This led to AEL being one of the foremost companies in the country, specialising in petroleum storage and handling systems. This expertise was then expanded and AEL executed overseas projects.
Artson went on developing its capabilities in multi disciplinary construction for the Hydrocarbon Process Industry and is one of the leading design, engineering, procurement and construction companies with a sound manufacturing base.
Tata Projects is also an EPC company with operations in power generation, transmission and distribution, industrial infrastructure, oil, gas and hydrocarbons, and quality services.