After a long period ,Textile and related sectors are started to catch the attention of market participants. Improvement in exports to western countries due to easing of recessionary pressure and increasing local spending by middle class are the main reason for the improvement of the performance of companies from this sector.Being a low cost producer Indian companies are expected to benefit from the current scenario.Even if the rising cotton prices is a concern ,a re-rating to certain extent in this sector can't be ruled out . One may look into companies like SURYAAMBA SPINNING MILLS(Cmp Rs.71/),SURYAJYOTI SPINNING MILLS LTD(Cmp Rs.39.85/-) and TT LTD(Rs.38.70/) which shows sharp improvement in financials in recent times
Dear sir,
ReplyDeletePlease post your comments on Superhouse again. I believe this was a real value buy. Do you still think the same or any change in your view.
Please let us know your valuable thoughts.
Thank you sir
Dear Friend
ReplyDeleteI can't change my view on any company only because of a decline or a no change in its share price ,if there is no negatives happened fundamentally.
Hi, could you put some light on southern ispat and energy, it is right now available at very low price compared to its valuation. I can wait 8-12 months
ReplyDeleteVALUEPICK,
ReplyDeleteCould you please educate what does Open offer of Rs 51 mean for the current share price of VIMAL OIL.will it correct to levels of 51?
Sorry
ReplyDeleteNot tracking southern Ispat
Hi sir, can u give me your valuable comment on cheslind textile. What to do, buy or hold.
ReplyDeleteso u mean is it worth buying tt ltd near 37 from a long term prospect
ReplyDeleteDear sir,
ReplyDeleteThere is one more company named super spinning from the same sector (coton). Please advice on this
Vishnu R Nair