While rising crude prices may impact Fiberweb's margins in the near-term, ICICI Bank can be a long-term proposition since a large part of its bad assets are already recognised
After the earnings for the September 17 quarter, the portfolio deserves a review. We are happy to report an outperformance of 8.9 percentage points over the benchmark in little over a month.
Though Fiberweb’s prospects of a multiple re-rating cannot be ignored, given its unique product offerings and healthy financials, a change in the capex plan merits attention.
Below is our latest offering: 12 conviction picks that could fetch you strong returns if held from this Diwali to the next, along with the rationale for our choices. The list is in alphabetical order.
At 9x FY19 projected earnings, the stock’s valuations seem reasonable for accumulation from a long-term perspective.
Fiberweb (India)'s growth trajectory seems robust on the back of capacity expansions, a shift in its product mix and a healthy order book.