Sintex Industries ( Demerged Textiles Entity)_ Fairly priced stock

Demerged Textile Entity which at the time of listing around 20 was under priced but now it is fairly priced( rather slightly over priced) after 50% run up to 37 . Company is under expansion with lot of debt although at competitive rates .Although company can not be compared with Sector leader Vardhman Textiles as of now ,but this stock can be accumulated only at sharp declines only for atleast 3 years or even more.This is my view for discussion and is no recommendation for buying.

 

Excellent results by Sintex today....stock up 4.5%

 

I agree. I bought the sintex stocks at around Rs 29. Currently it looks fairly priced. Watitng for the sintex plastics now.

 

Sintex Plastics listed today. I see profit booking on day 1. This is a very good company and should go up may be after a week when stock changes hands.

 

Good day Gentlemen..
Now its been few months for Sintex plastics on the exchange...
Any views on the CMP, is it looking reasonable now...
Thanks
Long term safe investor

 

Non-confirmed news received that
Promoters brought heavy quantity yesterday .