On Sep 12th, when NAKODA was at 13.75, I had written (stock has risen has nearly 13% since then): "One should stay invested in Nakoda textiles. No fresh buys though, unless it drops to around 12.3. Nakoda is the largest player in India in the drawable yarn segment and also started production in South Korea, where it has acquired a supply chain for raw materials at a bargain price. Its wind power and clean energy projects are starting off on time and its capex for the textile business has just completed. It is also a low P/E stock. And it's top line can grow by around 40% this year and the price can gradually climb back to 20.5 within a period of 6-7 months."
On Tue, Nov 2, 2010 at 2:52 PM, Jay Shah wrote:
Can u tell me about nakoda textiles. I am holding @ 18.9 for past one year. Even after 30% qoq growth the share is not moving more particularly when textile is flavor of the season.
Thank-you
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