Kitex Garments - Does stated future growth justify its high valuations?

Discussion in 'Ask A Query About Your Stock Picks And Portfolio' started by Fun_Da_Mentalist, Oct 5, 2015.

  1. w4wealth

    w4wealth Well-Known Member

    Joined:
    Oct 16, 2015
    Messages:
    1,042
    Likes Received:
    339
    its a bit expensive. so not touching it.
     
  2. Fun_Da_Mentalist

    Fun_Da_Mentalist Active Member

    Joined:
    Sep 19, 2015
    Messages:
    240
    Likes Received:
    169
    Hmm. For the time being I can't dispute what you are saying. This quarter has been bad. Kitex PE is bound to shrink over next two quarters. The CFO resigning had not been great news either.
     
  3. Fun_Da_Mentalist

    Fun_Da_Mentalist Active Member

    Joined:
    Sep 19, 2015
    Messages:
    240
    Likes Received:
    169
    I got this one wrong. No shame in admitting it. I will give it one more quarter though.
     
    Srouta Mukherjee likes this.
  4. kharb

    kharb Well-Known Member

    Joined:
    Aug 15, 2015
    Messages:
    1,022
    Likes Received:
    735
    I have seen many company posting better than 24 carrot Gold Undisputed textile leader Vardhman in past like Alok in old times.Any textile company posting better performance than Vardhman textile continuously is Red Flag to me ,yes without any reason.??? ? I am in habit of remaing in company of sectoral leaders.I from my experince know that what are requirements to be and remain leader,just flavour of season don't make leaders.It is very disciplined tough and innovative cultural journey for a company including all stake holders and permoters.. This is applicable to all leadership compnies.Vardhman textiles has come out with very good numbers ,pl go through.
     
    Last edited: Jan 27, 2016
    Srouta Mukherjee likes this.
  5. darth

    darth Active Member

    Joined:
    Dec 9, 2015
    Messages:
    682
    Likes Received:
    193
    @kharb,

    24 carat Gold, Undisputed textile leader Vardhaman - it must be this if you say so. And since you seem to know this company very well, could you clarify the following
    - why does the market assign such a low P/E to the stock : especially if its the sector leader. Or is it that the current PE is what the industry(other companies) should be valued at?
    - what causes the widely fluctuating reported bottomline at Vardhaman.

    Your ongoing implicit belief that its the best in textiles has got me very interested in the stock and may consider buying it. And must admit my knowledge of textiles is limited to only what my preferred brands are and the timing of their end of season sale
     
    Srouta Mukherjee likes this.
  6. Srouta Mukherjee

    Srouta Mukherjee Well-Known Member

    Joined:
    Mar 28, 2015
    Messages:
    1,898
    Likes Received:
    769
    Same here. :)
     
  7. Srouta Mukherjee

    Srouta Mukherjee Well-Known Member

    Joined:
    Mar 28, 2015
    Messages:
    1,898
    Likes Received:
    769
    Stock is shooting up today. UC :)
     
  8. Fun_Da_Mentalist

    Fun_Da_Mentalist Active Member

    Joined:
    Sep 19, 2015
    Messages:
    240
    Likes Received:
    169
    I will give it a quarter before reviewing. Jumping in impulsively is bad; jumping out in panic is worse.
     
  9. kharb

    kharb Well-Known Member

    Joined:
    Aug 15, 2015
    Messages:
    1,022
    Likes Received:
    735
    Kitex Director Chakerpani Mohan Resigns.Why ???
     
  10. darth

    darth Active Member

    Joined:
    Dec 9, 2015
    Messages:
    682
    Likes Received:
    193
    To make place for you
     
    dineshkapoor27 likes this.
Loading...