it's Great stock worth investing.... few piece of take away from my buying reason
under valued
Wide Moats
high margin of safety
above Cash flow growth which impressed me most i.e, > 25%
Disclo : i'm taking position in company and will accumulate at appropriate time
Stock seems to overvalued at this Juncture i keep away from this stock
Hi Karthik,
Please go through the Nirmal Bang research report on Sutlej. The report will give you a broader understanding of the company.
http://www.nirmalbang.com/Upload/Sutlej%20Textiles%20&%20Industries%20Ltd%2030%20July%202015.pdf
@sunilsurana - about 22% stake is help by investors holding more than 1% of the equity. Catamaran fund (Mr. Narayan Murthy's investment arm) holds 3.64% stake.
Regards,
Ayush
@everyone,
Being the originator of this thread, i want to caution you about promoter personal ethics, since some of you are making it part of core portfolio.
I shouldn't put that in public forums, i hope investors will understand , what i mean about Kantharao (as name tells the story)
Dating with Loss making company will end up like Breakup relationship with lot of strain on minority dater.
i keep myself away from this IPO reason it's loss making company and poor allocation of funds into low
ROE on their portfolio. as rightly said CCL is better performer compared to CCD
Kitex Makes a T20 Dash; Fields Candidates in LSG Elections
Kitex has fielded candidates in all the 19 wards of the Kizhakkambalam panchayat in the forthcoming local body elections. Even though its not as surprising given lot of South Indian promoters are actively involved in politics.
If I have to play a devils advocate here then given there reach and most of the Janta depends on Kitex in some or the other way, they might win the election with majority votes. They may misuse the power.
Unsure about the long term impact on Kitex but any political connection leads to de-rating of business (Sun, Jindals etc)
This is only for informative purpose.
Discl: Holding for last 12 months. Havent bought/sold in last 3 months.
MPS to consider second interim dividend when they declare Q2 results on 26th Oct.
Still no institutional investors or FII's have entered in Canfin.
A new suitor for my portfolio, posted my thoughts at the appropriate thread. Please read disclosure at the below link.