Hello stockholders..! Today I will discuss a textile spinning stock Super Spinning Millls @ CMP
Super Spinning is in the Textiles - Spinning - Cotton Blended sector. The current market capitalisation stands at Rs 50.55 crore.The company has reported a standalone sales of Rs 127.14 crore for the quarter ended Sep 2014.
Its current price value is nearer to its book value of 13.33 and it currently trading at 9.19. Also at current levels, it is showing breakout with higher volumes so it is expected to reward useful returns in near to short term.
Although the debt of company is a bit problem but the book value of stock has shown continuous improvement and with govt. support to textiles industry the company can get benefited as was in the case of ARVIND which is also having high debt, but govt. supported.
So I consider this stock a prominent one at CMP.
Super Spinning is in the Textiles - Spinning - Cotton Blended sector. The current market capitalisation stands at Rs 50.55 crore.The company has reported a standalone sales of Rs 127.14 crore for the quarter ended Sep 2014.
Its current price value is nearer to its book value of 13.33 and it currently trading at 9.19. Also at current levels, it is showing breakout with higher volumes so it is expected to reward useful returns in near to short term.
Although the debt of company is a bit problem but the book value of stock has shown continuous improvement and with govt. support to textiles industry the company can get benefited as was in the case of ARVIND which is also having high debt, but govt. supported.
So I consider this stock a prominent one at CMP.
