InvestorQ : What is the future prospects for Sarla poly ? Holding 2000 qty @ 26/-.
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What is the future prospects for Sarla poly ? Holding 2000 qty @ 26/-.

Answer
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Aashna Tripathi answered.
1 year ago


The stock has corrected more than 50% and your buying price is fairly close to the current price. The stock is available at a P/E of 10 and that is attractive for a textile stock. The good news about Sarla is that for the last 2 years, the company has managed to improve its net profits consistently quarter after quarter and that is also reflected in the EPS.

Since your buying price is closer to the recent low price, you can look to hold. Keep a target of around Rs.33-35 on the stock and exit at around that price.