Kitex Garments Management Q&A, Aug 2014
Kitex Garments Stock Story - we will attempt to provide at the earliest
ValuePickr CORE Team has come out with following Recommendation for those with a clear 2-3 year holding horizon.
|
ValuePickr Long TermPortfolio
|
Recco Date | CMP | Recco |
|---|---|---|---|
| Kitex Garments | 23 Aug, 2014 | 332 | BUY/accumulate on declines. |
Recommendation Guidelines:
BUY/Accumulate on declines: Visibility is strong. Available at 20x 1yr Forward PE. Fair PE Range 20x-25x
In view of recent run up in prices, it is advisable not to chase the stock. One can add on consolidation/correction.Better entry points may be available along with general market trends, and should be used for averaging down
Regular readers are advised to adopt a cautious approach, assess if you are comfortable giving the benefit of doubt on some What Does not Add-Upissues(click on the link to know more), and only then heed the Recommendations, which if you read clearly has been issued with theCaveat - DO NOT CHASE THE STOCK! Buy around CMP! Accumulate on Declines.
Warning to Novice Investors:In our considered view, What doesn't add up - are big gaps between stated and what seems to be the current picture on a few specifics (that are material as per current understanding; we retain the right to modify this stance with new data/information, and/or when more clarity emerges from Management-speak)