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

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    its a bit expensive. so not touching it.
     
  2. Fun_Da_Mentalist

    Fun_Da_Mentalist Active Member

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    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

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    I got this one wrong. No shame in admitting it. I will give it one more quarter though.
     
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  4. kharb

    kharb Well-Known Member

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    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
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  5. darth

    darth Active Member

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    @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
     
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  6. Srouta Mukherjee

    Srouta Mukherjee Well-Known Member

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    Same here. :)
     
  7. Srouta Mukherjee

    Srouta Mukherjee Well-Known Member

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    Stock is shooting up today. UC :)
     
  8. Fun_Da_Mentalist

    Fun_Da_Mentalist Active Member

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    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

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    Kitex Director Chakerpani Mohan Resigns.Why ???
     
  10. darth

    darth Active Member

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    To make place for you
     
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