Nahar Spinning Mills Limited manufactures and sells yarns and knitted garments primarily in India. The company offers raw white combed, raw white carded/open end, dyed, organic cotton, fair trade cotton, better cotton initiative, melange, gassed/mercerized, compact spun, blended, synthetic/man-made fiber, and cleaner yarns, as well as grindle, space dyed, slub, core spun, high twist, reverse twist, and elitwist yarns. It also provides woolen/cotton hosiery knit-wears and woolen textiles; and T-shirts. The company also exports its products primarily to the United States, the United Kingdom, France, Brazil, Bangladesh, Mauritius, Honduras, Argentina, Colombia, Peru, Chile, the Netherlands, Japan, Canada, Korea, Taiwan, Hong Kong, Singapore, Egypt, and Russia. Nahar Spinning Mills Limited was incorporated in 1980 and is based in Ludhiana, India.
It has an equity base of just Rs.18.03crore that is supported by reserves of around Rs.742.27crore. It has a share book value of Rs.211.
The Promoters hold 73.76% while the investing public holds 26.09% stake in the company.
For Q1FY16, sales have remains flat to Rs.513.06crore. Despite of flat topline & rise in income tax, company has posted net profit of Rs.26.38crore against loss of Rs.11.47crore. Q1FY16 EPS stood at Rs.7.32. It has paid 20% dividend for FY15.
Investors can buy this stock with a stop loss of Rs.99. On the upper side, it will zoom to Rs.135-140 levels in the medium term while stock may zoom up to Rs.190-200 in the long term. Its all-time high rate is Rs.313……
Nahar Spinning Mills Limited manufactures and sells yarns and knitted garments primarily in India. The company offers raw white combed, raw white carded/open end, dyed, organic cotton, fair trade cotton, better cotton initiative, melange, gassed/mercerized, compact spun, blended, synthetic/man-made fiber, and cleaner yarns, as well as grindle, space dyed, slub, core spun, high twist, reverse twist, and elitwist yarns. It also provides woolen/cotton hosiery knit-wears and woolen textiles; and T-shirts. The company also exports its products primarily to the United States, the United Kingdom, France, Brazil, Bangladesh, Mauritius, Honduras, Argentina, Colombia, Peru, Chile, the Netherlands, Japan, Canada, Korea, Taiwan, Hong Kong, Singapore, Egypt, and Russia. Nahar Spinning Mills Limited was incorporated in 1980 and is based in Ludhiana, India.
It has an equity base of just Rs.18.03crore that is supported by reserves of around Rs.742.27crore. It has a share book value of Rs.211.
The Promoters hold 73.76% while the investing public holds 26.09% stake in the company.
For Q1FY16, sales have remains flat to Rs.513.06crore. Despite of flat topline & rise in income tax, company has posted net profit of Rs.26.38crore against loss of Rs.11.47crore. Q1FY16 EPS stood at Rs.7.32. It has paid 20% dividend for FY15.
Investors can buy this stock with a stop loss of Rs.99. On the upper side, it will zoom to Rs.135-140 levels in the medium term while stock may zoom up to Rs.190-200 in the long term. Its all-time high rate is Rs.313……
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