Tuesday, May 29, 2018

Vardhman Textiles Ltd ( VTL ) - A Multi Bagger, Buy/Sell/Hold, Growth Prospects and Recommendation, News and Results, Target Price and Analysis, Views and Outlook, Hot Stocks/Picks

VTL closes   at ₹ 1248.30   with  a  Fall   of    -0.40  %   on    29-May -2018   with formation of  a  Red  Candle    on Daily  Price Chart.  Technically ,  VTL   is  entering into a Long Term Bullish  Trend. Major Momentum Indicators are   showing Strength on Daily Price Chart. Our NNI  index has also turned Positive.
Valuations :  VTL is now Trading at 1.3X of its March 2017 Valuations ( EPV Method )  . RoE is 24% while RoCE is 16%, which is sound.
We may    BUY /    Accumulate  VTL  at  CMP

Target : ₹ 2811
Stop: Loss : ₹ Nil ( VTL’s 1X EPV is ₹938, Accumulations at lower levels is advisable )
Time Frame: 24-36   Months
Disclaimer : We are / may going to take exposure shortly.
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