Surya Amba Spinning Mills.. CMP: 69...
Friends,
I have written in my previous blogs that education sector is going to flourish in time to come............ there will be a huge spending and investment over education sector in decade to come... in fact things have started to come out in education space... many websites for e-learning, smart classes modules etc etc....
Many big houses are trying to take-up stake in education services companies...
Now FIRST TIME i am saying that textile sector will start showing tremendous growth once again.... in 1990s it was one of most favorite sector.... though i not seen that era by my eyes but i have read stories about textile sector performance in those days...
Surya Amba Spinning Mills is going great now... It can prove to be a Dark Horse in this space....
MarketCap : 15.5 Crores........... Sales in Q1 2010: 27 crores...... EPS for this quarter is 6.... If this performance can be repeated then Surya Amba Spinning Mills can be a true multibagger from hereon also........ Think of EPS:21 for full 2010..... now estimate the price after one year yourself..........
Why i am very interested in this stock is due to its equity....Just 2.2 Crores... It is a very tiny equity... i love to see this..... very less number of stocks..... when profit will be shares among this small equity, it will reflect exponentially in share price...... thats the benefit of small equity.....
63% of shares are in strong hands.... Promoters are very experienced and good in management....they are very much experienced in this business line.....
Shares of this company has listed on 3-September-2009........Shares of Suryaamba opened at Rs 31 and surged to a high of Rs 41 within first few minutes of trade on the BSE. The company listed 22.28 lakh shares on the bourse. Earlier in 2007, the manufacturer and exporter of polyester Suryalata Spinning Mill (SSML) had demerged its yarn division into Suryaamba Spinning Mills Ltd....
Actually it has got demerged from suryalata spinning mills....
Suryaamba Spinning Mills Limited was incorporated on 5th May, 2007 to take over the spun off unit situated at Nayakund, Ramtek,
Its clientele list is very long...Highly renowned clients like EXSA (U.K.) Ltd., Eurovistaa Trading Co. Ltd., Reliance India Ltd. and many others ....
There are many many other textiles companies which can give you exponential returns but those were already recommended by others... so i would not like to mention them here.... if anybody want to know then i can be reached at my email ID......
Till Now, nobody has come up with a detailed report on Surya Amba Spinning Mills.... This is a first call ever on this company....
Before investing one has to decide his/her own and should consult others before investing...
Hi Deepak.
ReplyDeleteThanks for the recommendations. I checked the details and thought this stock is really undervalued and seems to have more potential for growth hereon.
I bought some shares at 63/-.
The scrip details you can get from anywhere on the net; but please let me know how do you find such companies? I can understand that you will have to go through each and every company first through financial details and if it seems good you would go and check the future growth potential. But where do you get the company names from?
Because even I am very much interested in analyzing and finding such undervalued companies. I also would like to join you to help ourselves and others. I too am into IT and I wonder how you get so much time to analyze companies. I am currently located in Europe and can easily spend some time to find such companies.
Our Spinning mill used in your article.It is really very nice and good blogs....
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