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

its a bit expensive. so not touching it.

 

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.

 

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

 

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.

 

@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

 

Same here.

 

Stock is shooting up today. UC

 

I will give it a quarter before reviewing. Jumping in impulsively is bad; jumping out in panic is worse.

 

Kitex Director Chakerpani Mohan Resigns.Why ???

 

To make place for you