Buy Sintex Industries with a Long Term View (Oct14, 08)

Co name: Sintex Industries Reco: Buy
CMP: INR 216 Target: INR 350
Holding Period: 6-12 months Best Buy Level: Dip around INR 200-210
Investment Rational:
1. Sintex Industries Ltd (SINTEX) reported a revenue growth of 84.9% y-o-y to Rs 7198.4 million. The net profits also improved by 86% to Rs 838 million as against Rs 450 million in Q2FY08.
2. It has presence in potential markets India and abroad and it has well diversified business model among Textile, Plastics and Pre-Fab segments (Telecom Sector).

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