Buy SANGAM IND in CASH around 265, Maintain an sl of 234.
Technical View
- Stock is having good momentum,Next Hurdle at 280. Weekly close above 280 can take it to 300++.
- Support is at 234.
Fundamantal View
- Sangam (India) Ltd (SIL), Flagship Company of the SANGAM GROUP, was promoted under the name and style of Arun Synthetics Pvt. Ltd and started operations in 1985.
- At present 127 imported weaving machines in its weaving division namely Shuttleless, Rapier and Airjet Weaving Machines.
- The company is largest producer of dyed yarn in the country at single location.
- The company has 15.7 Mw Power Plant for captive consumption.
- In 2013 The Company has recommended a dividend @ 15% on equity Capital (Rs. 1.50 Per Share)
- In 2015 Sangam India ltd. awarded Gold trophy for Export Perfpormance to Sangam Denim.
Stock Name : Sangam India
PE Ratio : 16.06
Industry PE : 10.73
Book Value : 94.29
EPS : 16.71
Face Value :10
