Buy RSWM With Target Of Rs 155
Stock market analyst Rajesh Gupta of Fairwealth Securities has maintained 'buy' rating on RSWM Ltd stock to achieve a target between Rs 152-155.
According to analyst, the interested investors can buy the stock around Rs 139.7 with strict stop loss of Rs 145.2.
The stock of the company, on August 30, closed at Rs 142.35 on the Bombay Stock Exchange (BSE).
The share price has seen a 52-week high of Rs 163.45 and a low of Rs 71.55 on BSE.
Current EPS & P/E ratio stood at 27.30 and 5.26 respectively.
In standalone net profit for the three month period ended June 2010, RSWM Ltd has recorded a phenomenal growth.
During the three month period, the company's profit climbed 2.41 times to Rs 176.40 million as against Rs 73.10 million during the corresponding period of 2009.
Company's net sales during April-June period increased by 17.56% to Rs 4,312.80 million.
RSWM Ltd recorded an increase of 17.56% in its total income, which stood at Rs 4,312.90 million as against the same period of 2009.
The company's EPS during the said period rose 2.40 times to Rs 7.58 per share.
RSWM Ltd is involved in the production of polyvinyl fabric, synthetic and blended spun yarn plus denim fabric.
RSWM Ltd exports synthetic yarn to other countries.
It also provides different products in terms of fibre blends, counts and shades.