21 Aug 2018 | 12:17 AM
Research Report

Equity Research Report: Master Pick-Sintex

Sintex is one of the leading providers of plastics and niche textile-related products in India. The prefab business (prefabricated buildings) is expected to show good growth in coming years, with new government schemes like Swacch Bharat Mission, National Mission for Clean Ganga and through various CSR initiatives taken by private sectors related to drinking water and sanitation.
13 Feb 2015 | 05:50 PM

After prolong underperformance, Sintex witnessed a V shaped recovery in late 2013 and reversed its short term negative trend.

It gained nearly five times from the bottom in less than a year time and scaled above the crucial hurdle of 200 EMA on the weekly chart as well.

Post that move, it consolidated in range of 70-100 level for nearly one and half year and witnessed an upside breakout from the same in January, 2015. Recently, it has retraced to neckline area of the consolidation range; providing a fresh buying opportunity. Participants can utilize this to accumulate it between 103-CMP (105.70) with closing below stop loss of 95 for the target of 128.