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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.
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