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Stylam- Decent Fundamentals with Cheap Valuation

Two positive updates from Stylam -
(1) Promoters have released pledged shares


(2) Amalgamation of subsidiary

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Decent results by Stylam.

  • Debt reduced by 75 crores
  • Debt to equity halved
  • Loss due to exceptional item. (write down of investment assets after selling it for less than book value)
  • Good operating cash flow

Disclosure: Invested.

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