Anlysis For Investment And Trading Ideas For Sintex Industries
Sintex Industries was incorporated at Kalol,North Gujarat in year 1931 to manufacture textile goods.The company entered in manufacturing of Plastic large size containers in the year 1975.Later on entered into manufacturing of organic intermediate chemicals etc at Olpad near Surat in Gujarat.In year 1989 its plastic division offered technical collaboration for plastic molded products to RCC Industries Ltd,Singapore.Textile Division of the company diversified its product range into 100% highly sophisticated cotton export varieties both in prints and shirting's in the year 1992. Sintex received Amity Corporate Excellence Award for "Highest Focus on Safety And Quality" in the year 2011.
Sintex Industries was suffering with high debts which was taken for expansion of business in Plastic and allied products. Sintex management had reduced the debts very sharply and its business prospects are also looking very nice as demand of its products are rising due to improvement in the Indian Industry and Indian Economy which indicates more better days for this company.
Investment and trading Strategy -
We are very optimistic for coming time . Sintex Industries share touched yearly high at 136 Level and yearly low at 70 Level. Its touched lower at 80 level on 25th August'15 in recent correction at Indian Share Market due negative news flow from Chinese Economy. Sintex Industries Share closed at 95.15 on 28th August'15 at NSE ( Indian Share Market ) so its a appropriate time to make Investmet / Trade Sintex Industries for Short Term Trading and Long Term Investment now.
(1) For Short Term : Buy at 90 for target of 115 with strict Stop Loss at 79.
(2) For Long Term : Buy at 86 for target of 190 with Strict Stop Loss at 68.
Have a NICE Profitable Investing and Trading.
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