Disclaimer: This Blog owner & creator is not a research analyst and expresing opinion only as an Investor in Indian equities with his vast experience.He is not responsible for any loss arising out of any information, post or opinion appearing on this blog. Investors are advised to consult financial consultant before acting on any such information.
Monday, July 18, 2016
VARDHMAN ACRYLICS :- BUY
Today we are looking into textiles sector stock for medium to long term investments,
Vardhman, a leading textiles group in India ventured into manufacture
of Acrylic Fiber & Acrylic Tow in 1999. End products are used in
apparels & house hold uses.
The company has set up a 18000 TPA Acrylic Staple Fibre
and Tow production plant. The world class wet spun technology for the
manufacture of Acrylic fiber / Tow has been sourced from Japan Exlan Co.
Ltd., Japan. It is a state of the art, highly automated production
facility making it amongst the most advanced plants of its type in the
Vardhman acrylics is a debit free company , promoter holding 74.81% stake in company and book value of 37.50 stock just trading near book value. 4100 cr top line and 93 cr bottom line company is trading only in NSE @ 39 level, investor can buy this stock @ current price and hold medium to long tern this is low risk high return stock.It may cross 3digit mark in future.
Before buying any stock take advice from certified person