|
|
| Discuss Textile stocks at the Equities within the Traderji.com - Discussion forum for Stocks Commodities & Forex; Dear Traderji, Can you please tell me what is outlook for Indo rama synthetics and ... |
|
|||||||
| Notices |
| Equities Discuss & analyse stock market news, views, trends and your favourite stocks here. |
 |
|
|
Thread Tools |
| Sponsored Links |
|
#1
10th April 2005, 10:46 AM
|
|||
|
|||
Textile stocks
Dear Traderji,
Can you please tell me what is outlook for Indo rama synthetics and Alok industries in next six months. i have purchased these stocks b4 4 months at 70. Currently they are trading at 66 and 64 respectively. Please advice me on these counters. Any better stock in this sector at attractive valuations? 
|
|
#7
14th April 2005, 01:38 PM
|
|||
|
|||
|
Re: Textile stocks
I am not very convinced about the Equity model of Alok. The management has made preferential allotment twice in the last 12 months. The market cap to sales ratio is not very favourable.
Instead, I suggest you to look at conservative management but fundamentally strong scrips like Amarjothi Spinning of Tirupur and Lakshmi Mills Co Ltd of Coimbatore. Lakshmi Mills Co Ltd (LMC) belongs to the famous Lakshmi group of Coimbatore - the other companies in this group being Lakshmi Machine Works (LMW), Lakshmi Electric Control Systems, Veejay Lakshmi Engineering. LMC hold 72000 equity shares of LMW with a market value of about Rs.60 crores. This translates into a per share value of about Rs.800/- per Equity share of Rs.100/- each of LMC. The present market price is less than Rs.700/- and the complete textile business comes free. This is one goldmine waiting to be unlocked. Traderji, your views both fundamentally and technically on thes 2 scrips.
|
|
#8
14th April 2005, 06:33 PM
|
|||
|
|||
|
Re: Textile stocks
Alok is not for long term. Buy at about 60-62 and sell 65-67. do not hold. when it goes above 75 sell without hesitation. If you are keen to hold you can buy back
Last edited by ranaiyer; 15th April 2005 at 04:44 AM. Reason: spelling mistake
|
|
#9
14th April 2005, 07:56 PM
|
|||
|
|||
|
Re: Textile stocks
Dear Traderji,
I am holding Raymonds bought at 305, shall I expect it to go atleast 370 in a month's time? No much change was observed even after its expansion plans. pl. advice when to exit.
|
|
#10
15th April 2005, 10:16 PM
|
|||
|
|||
|
Re: Textile stocks
Yes I do believe that the Textile sector has a good future!
|
| Sponsored Links |
|
|
|
| Bookmarks |
| Thread Tools | |
|
|
Similar Threads for: Textile stocks
|
||||
| Thread | Thread Starter | Forum | Replies | Last Post |
| Pitfalls of investing in Penny Stocks | Traderji | Stocks & Shares | 7 | 9th September 2005 12:33 PM |
| Penny stocks Vs Big Stocks | ssrik | Equities | 6 | 28th February 2005 02:26 PM |
| Sugar Sector Stocks begins Uptrend | Traderji | Stocks & Shares | 10 | 16th December 2004 01:58 PM |
Indemnity, Disclaimer & Disclosure
Notice:
• By visiting Traderji.com you indicate your acceptance of our Forum
Rules Disclaimer & Disclosure and indemnify Traderji.com, its
associates and related parties of all claims howsoever resulting from
the usage of the forum.
• Disclaimer: Trading or investing in stocks & commodities
is a high risk activity. Any action you choose to take in the markets
is totally your own responsibility. Traderji.com will not be liable for
any, direct or indirect, consequential or incidental damages or loss arising out of the use of this information.
• Disclosure: The information in this forum is neither an offer to sell nor solicitation to buy any of the securities mentioned herein.
The writers may or may not be trading in the securities mentioned.
• All names or products mentioned are trademarks or registered trademarks of their respective owners.
General Content Disclaimer Notice:
In light of our policy of encouraging candid, open exchanges of views and the rapid distribution of information originating from many sources, Traderji.com cannot determine the accuracy of information that may be uploaded to the forum. Opinions, advice and all other information expressed by participants in discussions are those of the author. You rely on such information at your own risk. You are urged to seek professional advice for specific, individual situations and not rely solely on advice or opinions given in the discussions. Since Traderji.com is an open and free discussion forum, any comments made by members of this forum in their posts reflect their own views and not of the owner or administrator of Traderji.com. Thus the owner/administrator indemnify themselves of all claims whatsoever and will not be liable or responsible for any members comments/views in this forum Traderji.com. If you find any objectionable or offensive posts made by members of this forum which you would like to bring to our notice for removal then please Contact Us.
