Lagnam Spintex At ZONE OF INTEREST
Accumulate 30% LAGNAM At CMP
40% LAGNAM At 60
40% LAGNAM At 45
TARGET 80/90/110 SL 40
Time Frame 2- 3 Months
Incorporated in 2010, Lagnam Spintex Ltd is engaged in the business of manufacturing Ring & Open end Cotton yarns for domestic and international market. It exports to countries like Portugal, China, Bangladesh, etc and their yarns are used in apparel & garment industry
Pros
Company is expected to give good quarter
Company has delivered good profit growth of 50.99% CAGR over last 5 years
Debtor days have improved from 53.27 to 42.22 days.
Cotton Exports Ban Unlikely
40% LAGNAM At 60
40% LAGNAM At 45
TARGET 80/90/110 SL 40
Time Frame 2- 3 Months
Incorporated in 2010, Lagnam Spintex Ltd is engaged in the business of manufacturing Ring & Open end Cotton yarns for domestic and international market. It exports to countries like Portugal, China, Bangladesh, etc and their yarns are used in apparel & garment industry
Pros
Company is expected to give good quarter
Company has delivered good profit growth of 50.99% CAGR over last 5 years
Debtor days have improved from 53.27 to 42.22 days.
Cotton Exports Ban Unlikely
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