Ramesh Patel's Stock Idea
Ramesh Patel is Bullish on Himatsingka Seide Ltd.
Idea Submitted on 09Jan,2019
  • 2 Total Ideas
  • 0 Active Ideas
  • 2 Closed Ideas
  • 0 Friends
  • 0 Followers
  • Avg. Returns
     7.61%
    Success Rate
      50%
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      Idea Status :  Closed
    Stop Loss Triggered
    Idea Closed at 200 (31Jan,19 03:35:pm)
     Time Frame
    1year
     Start Price
    213
     Target Price
    350
     Stop Loss
    200
     Projected Gain
    137 (64.32% Upside)
     Returns Achieved
    -13     -6.1%
     Analysis
    Very good management. Sheeting and spinning capacities are already on stream. Commissioning of Terry Towel plant expected in 6-9 months. With this capital expenditure cycle will come to end for the company. With benefits of higher production of all new products profitability will get a big boost. With no more capital expenditure management likely to focus on debt reduction from next FY onwards. Present valuation are very cheap. Strongly recommended.
     Stock Price Movement (EOD Basis)
     C.M.P Himatsingka Seide
    160
    Sentimeter
    Buy Calls: 3 Sell Calls: 0
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