Sintex Plastics Technology has reported their first set of earnings after the demerger from the parent company -- Sintex Industries. In an interview to CNBC-TV18, Samir Joshipura, Group CEO of the company spoke about the results and his outlook going ahead.
Ashwani Gujral of ashwanigujral.com suggests buying IGL while advises avoiding aviation stocks.
Ashwani Gujral of ashwanigujral.com is of the view that one may sell Ajanta Pharma, DLF and BF Utilities and buy Edelweiss Financial Services and Jubilant Foodworks.
Blackrock Funds International Opportunities Port sold 53,56,232 shares of Sintex Industries.
According to Prakash Gaba of prakashgaba.com, the first sign of strength would be a close above the 10000 mark. The crucial support for Nifty is at 10000-9968 and the resistance is at 10149-10248-10536. Bank Nifty on the other hand has support at 24450 and resistance at 25000.
Sintex Industries demerged its plastic division into Sintex Plastics Technology in May 2017.
Ashwani Gujral of ashwanigujral.com is of the view that Tech Mahindra can move higher while Interglobe Aviation may test Rs 1800.
Ashwani Gujral of ashwanigujral.com advises buying Power Grid Corporation of India, Sintex Industries and UltraTech Cement.
Ashwani Gujral of ashwanigujral.com recommends buying Bank of India, Sintex Industries, Jubilant Foodworks, Welspun Corp and GSFC.
Ashwani Gujral of ashwanigujral.com suggests buying L&T Finance Holdings, Sintex Industries and CESC.
Satish Gupta of astrostocktips is of the view that housing finance stocks like DHFL, Indiabulls Housing, Can Fin Homes and Gruh Finance will get astrological support.
Ashwani Gujral of ashwanigujral.com recommends buying HPCL, Sintex Industries and Timken.
Plastic stocks like Jain Irrigation, Sintex Industries, Astra Microwave, Bright Brothers and Hitech Corporation will get astro support, says Satish Gupta of astrostocktips.
Ashwani Gujral of ashwanigujral.com recommends buying Rashtriya Chemicals & Fertilizers and Sintex Industries and advises selling Escorts, IRB Infrastructure and VIP Industries.
Ashwani Gujral of ashwanigujral.com suggests buying CESC, Sintex and Indiabulls Housing and advises selling Idea Cellular on rally.
Ashwani Gujral of ashwanigujral.com is of the view that one can buy Biocon and Aurobindo Pharma on every dip and advises selling Axis Bank and Adani Ports.
Mitessh Thakkar of mitesshthakkar.com recommends buying Bajaj Finserv, Muthoot Finance, HPCL, NCC and Future Consumer.
Ashwani Gujral of ashwanigujral.com is of the view that one may buy Sintex Industries, Biocon, HPCL and Bharti Infratel.
Ashwani Gujral of ashwanigujral.com suggests buying Reliance Industries and Adani Enterprises and feels that Mahanagar Gas may test Rs 1150.
Manoj Murlidharan, VP-Derivatives at Religare Securities recommends buying Sintex Industries, Raymond and Tata Power Company.
Shahina Mukadam, Independent Market Expert is of the view that one may avoid Sintex Industries.
Rakesh Bansal of RK Global is of the view that one may buy NHPC with a target of Rs 35.
For shareholders of Sintex Industries the wait is finally over. With demerger of its plastics business complete, the Gujarat-based company will shift focus to creating wealth for its investors.
Under the said scheme of arrangement, shareholders of Sintex Industries will get one share of Sintex Plastic Technology for every share of Sintex Industries held on the record date.
In September 2016, the company had approved a composite scheme of arrangement for the demerger of the custom moulding business from Sintex Industries into Sintex-BAPL and prefab business from Sintex Industries to Sintex Infra Projects.