Buy S Kumars Nationwide
Stock analyst Ashwani Gujral is of the view that investors can buy Cosmo Films, which is currently trading at Rs 164 for achieving an intraday target of Rs 177. The maximum target for the day is Rs 215.
So, interested investors can purchase the stock at current level as the stock is trading 0.03% down. The stop loss for the day is at Rs 150.
On Bombay Stock Exchange, the stock has touched 52-week high of Rs 177.9 and a low of Rs 59.15. The stock has been performing well based on better results in previous quarter.
The stock is currently trading at a P/E of 21.18 with earning per share of Rs 7.76. The stock still has some steam left and has potential to gain further in the coming quarters.
S Kumars Nationwide (SKNL) (on Dec 10) has outlined a new business strategy targeting the global textile market.
The company is planning to tap the high margin international fashion market, by setting up a new manufacturing unit in Gujarat and a design and marketing division in Italy, the world`s fashion capital.
The company is in the process of setting up a new manufacturing unit focusing on the export market at Jagadia in Gujarat with an investment of Rs 4.6 billion. The plant will have capacity of 12 million metres per annum.
Investors can also take a look at Himatsingka Sei, Shree Ram Urban, Eastern Silk for intraday trading.