Indo Rama Synthetics (India)

Sell

Posted by : Realstic Corner
Price when posted : BSE: Rs 18.15 ( 1.11 % ), NSE: Rs. 18.25 ( 3.11 % )

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This stock has corrected a lot, but still there is lot of room. With cotton prices 40% high the benefit of crude price decrease is nullified. There is lot of forex loss which has to be booked. The company has huge debt and with interest rates at peak, the company would have problem is servicing its debt. One can exit this counter or even go short with 2year target of 5 Rs. Salute to lohias dividend that this stock is still in 2 digits, otherwise it should have been single digit. ...