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 Amol Takawales's Stock Idea
Amol Takawales is Bullish on Sintex Industries Ltd.
Idea Submitted on 26Jun,2020
  • 9 Total Ideas
  • 0 Active Ideas
  • 9 Closed Ideas
  • 0 Friends
  • 1 Followers
  • Avg. Returns
     18.84%
    Rank
    2
    Success Rate
      44.44%
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      Buy Sintex Industries Idea
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      Idea Status :  Closed
    Closed By User
    Idea Closed at 3.57(26Jun,20 10:48:am)
     Time Frame
    1month
     Start Price
    3.1
     Target Price
    6
     Stop Loss
    2
     Projected Gain
    2.9 (93.55% Upside)
     Returns Achieved
    0.47     15.16%
     Analysis
    Sintex industries Founded in 1931 means a company older than 89 years in yarn and plastic business... Available at 1 rs.  The stock should not be traded less than 10 comparing it's turnover with peers.. 6500 is the debt amount which is not very big,  taking into account its projected 10 million spindles at kalol plant,  right now 7.5 million are operative.. State-owned Punjab National Bank is the lead lender to Sintex Industries and PNB Investment Services, the merchant banking arm of the bank, is helping the lenders find a buyer for the company. However, initial bids for the company have been short of lenders’ expectations.Buy with 1 years horizon with 10rs target.
     C.M.P Sintex Industries
    3.57
    Sentimeter
    Buy Calls: 6 Sell Calls: 2
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