Veliyath already had 1.05 percent stake in Aurum PropTech as per March 2022 quarter shareholding pattern.
Improved capacity utilisation, coupled with impetus towards value-added products and export sales, will have a major role to play in the company’s future earnings visibility.
The stock, at 8.3x FY19 projected earnings, seems reasonably valued for accumulation.
Nandan Denim reported a steady first quarter. In an interview to CNBC-TV18, Ashok Bothra, CFO of Nandan Denim spoke about the results and his outlook for the company.
Volume-driven sales growth, cost savings through backward integration, emphasis on premium products, growing denim demand, and GST make Nandan Denim a force to reckon with.
According to Satish Gupta of astrostocktips, textile stocks like SRF, Century Textiles, Indo Count, Arvind, Raymond and Nandan Denim to get astrological support.