Fundamentals- 1)A small cap company in the space of textiles which operates from top to bottom of business(from manufacturing to marketing). 2)Company is beating the sectoral growth rate, operating profit, sales etc YoY. 3)numbers like Operating profit, net sales are doubling YoY @>25% 4)Aggressive expansions..
Keynote-->Its a good stock that can be accumulated at every dip.
Positive News1--> THE ROYAL BANK OF SCOTLAND PLC bought 19L shares of this company in April'2017.(Source-BSE India) Positive News2--> DSP Blackrock Small And Mid Cap Fund has 26L shares of this company.(Source-BSE India, Economic times)
CMP-178(11th July'2017) 1st target-250(6 months)
Disclaimer : I am a private Investor/trader who is just expressing his views. These are just my opinions and i am not giving any kind of free or paid calls. I am using this platform to share my knowledge and learn from other's knowledge. I might be/might not be invested in my opinions. NOTE-->I give preference to the traders/investors who encourage me by commenting and liking my ideas.
Trade active
⋅
There is nothing significantly wrong in the fundamentals of this textile company to which would justify the fall of stock, in my terms this is because of market correction and profit booking, in my view this can be used as a buying opportunity.
Comment
⋅
Keep on Adding and use this correction to average out!
Comments
jethendra
⋅
Thanks for supporting my view.. I am holding the stock from 125 levels
GagandeepSinghTaluja
⋅
@jethendra, As per my view, any downside should be used as a buying opportunity for long term gains.
naveen_agrawal
⋅
Besides the technicals, your fundamental research is great and makes your postings more valuable.
Keep it up..!