India Investment, Stocks, Credit Card and Retail Forum
Investments in Indian Equity and Research => Equity Investments, Fundamental Research and Sectors Review => SmallCap Stocks India => Topic started by: sunil on April 01, 2011, 10:29:43 PM
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Anand Rathi has recommended Vardhman Textiles stock with the following brief note,
Increasing cotton prices and yarn spreads have improved operational efficiency and profitability. Expansion plans through advantage of TUFs. Garment foray – forward integration. Yarn & cotton prices and global outlook. Stock is trading lower to its book value with estimated EPS of ~Rs. 63.63 and 65.99 for FY11E and FY12E respectively. It looks attractively placed compared to it peers with huge capacity lined up and streamlining of the earlier capacity gradually.
Hold if it is existing in your folio and book profits in part around Rs 325.