Deepak, very nice choice by you. I am impressed by the company's (Garware Wall Ropes) fundamentals and technicals. The company's products have wide applications and usage.for Fishing Nets, Ropes for Industrial applications, Marine & Offshore, Net Assembly, Sports & Adventure, Safety & Agriculture nets, Roads Applications, Coastal Protection, Ground Improvement, Railway Applications and Landfill Engineering. Topline and bottom line performance has been consistent.
ADD to that a consistent dividend of Rs 2.5 per equity share every year.
At current price of 78-79, the stock looks relatively cheap and is poised for an upmove to 92 in the short term and can even reach 108 in the longer term.
Recommending to others to buy on dips to around 77. We should thank you for bringing this to the house.
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