Sintax Industries suffered a bit in terms of profitability and debt repayment (FCCB) in the last 2 year due to very high capex to enhance
the capacity. Now the first phase is already done and in their recent report
which cover last 4 quarter, they have shown QoQ and YoY growth with the
projection of 20% top line growth in 2017 along with the margin improvement.
Out of the 4 business segment, two business segments is
already started contributed in big way to their profitability and expected that
the remaining 2 business will be on top gear as economic state in India gets bit
better.
The stock price is 40% lower than their peak and offer very
good opportunity for the long term investor. Recent addition in F&O market
from 1st of July 2016 will trigger heavy betting on stock. I expect bit of
volatility in next two week.
Disclaimer - It's author opinion and please talks to your
financial advisor before investing
