SINTEX INDUSTRIES

ABOUT COMPANY

SINTEX is the world largest producer of plastic water tank. It is also Asia's largest manufacturer of corduroy fabrics. Sintex has a strong presence in the European, American, African, and Asian markets including countries like France, Germany and USA. It is primarily in manufacturing textiles & plastic products. Its manufacturing includes a wide range of plastic products including prefabricated structures, industrial custom moulding products, monolithic constructions and water storage tanks. In the textile segment, the company focuses on niche segment specialising in men's shirting.

PRODUCTS OFFERED

• BUILDING PRODUCTS
• CUSTOM MOULDING
• TEXTILES

WHY SINTEX - 

• The company expects a steady growth of 18-20 per cent in its pre-fabrication business catering to sewage treatment plants, biogas plants and organic waste management structures.
• Benefiting from swatch bharat mission, smart cities initiatives in future.
• Strong quarterly results.
• Improving cash flow from operations
• Improving leverage and gearing ratio's

TECHNICAL REASON

• INCREASED VOLUMES
• EVERBULL STOCK

CMP - 106

ALLIANCES - 

• Sintex-Wausaukee Innovative Composite Solutions - USA
• Nief Plastic SAS
• Bright AutoPlast Pvt. Ltd.(automotive components)

Disclosure - I am not a research analyst and expressing opinion only as an individual investor in Indian equities. Readers should consult their financial advisers before any investment.

BIG PHARMA BRAND - DR. REDDY

Dr. Reddy's Laboratories, is a multinational pharmaceutical company based in Hyderabad, Telangana, India. The company was founded by Anji Reddy, who previously worked in the mentor institute, Indian Drugs and Pharmaceuticals Limited, of Hyderabad, India. Dr. Reddy's manufactures and markets a wide range of pharmaceuticals in India and overseas. The company has over 190 medications, 60 active pharmaceutical ingredients (APIs) for drug manufacture, diagnostic kits, critical care, and biotechnologyproducts.

Current Market Price - 3,384/-

Fundamentals - 

• Improving revenue
• Comfortable gross and net profit margin
• Improved operating cash flows
• Increased investment activities.

Technical Reason -

• Strong support at 3200-3250 level
• Increase in volume in the last 1 week
• Improved deliverable of script.

Disclosure - I am not a research analyst and expressing opinion only as an individual investor in Indian equities. Readers should consult their financial advisers before any investment. 

HAPPY DIWALI

A candle loses nothing by lighting another candle. Similarly i thought to share some of my knowledge this Diwali. Before i share my knowledge related to multibagger i wish all my readers have all the happiness, health, wealth, prosperity and lovely year ahead. Happy Deepawali.

5 Things to look for a multibagger pick;

• Stocks trading at a lower valuation as compared with peers in the market. Also check with respect to the fair value, book value, enterprise value.
• Stocks where most of the public are not interested or not aware about it currently. Don't treat low volume scripts as a criteria of mentioned  in this point.
• Company with good growth in sales/revenue. Also the margins are expanding which will pace the overall profit of the company
• Companies which are leader in the market position or are experts in the relevant fields. Try to find a company which are in oligopoly market.
• Always have a check on the management. Management must look forward to improve balance sheet and cash flow.