Market Mantra Buy the Shares of Indo Count Industries Ltd at the CMP of Rs.55.45 for short and medium-term targets of Rs.91/96/127/141. SL: Rs.56. It is likely to give decent returns over a period, as INR depreciation Vs USD is going to have a good effect on its balance sheet. The company makes, bed sheets, pillow covers, etc which are sold in the United States through retailers such as Wal-Mart and Bed Bath & Beyond. While the majority (65%) of Indo Count Industries Ltd’s business comes from retailers in the US, it also exports to 54 countries and has taken baby steps in selling products under its own brand -- a bold step for a company that was set up only in 1991 as a yarn maker and entered the home textile business in 2006. A strong US dollar has already the input costs for the US manufacturers -- this is likely to boost US imports in sectors such as textiles, steel, aluminium etc. However, Trump administration recently imposed strong Tariffs on steel and aluminum im...