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Sunday, May 05, 2013
Sintex Industries Ltd: Buy for short term gains
The Sintex group is one of the leading providers of plastics and niche textile-related products in India. With global footprints spanning 9 countries, Sintex has a strong presence in the European, American, African, and Asian markets including countries like France, Germany and USA.
Now the fall in the price of crude and at the same time, the new export promotion policy granting some relief to the Textile industry, which had been facing rough weather for the last several years is posiive for the scrip. Also, a 25 bps cut in the repo rate by the RBI will have a positive rub-off effect on the scrip. Buy it around Rs.48.50-49, T-Rs.57-58, SL--Rs.44. .