AYM Syntex LtdAYM Syntex is a leading speciality synthetic yarns manufacturer with world class manufacturing technology for multipolymer yarns. It is the largest Indian manufacturer of Bulk Continuous Filament Yarns and a leading Multipolymer Yarn dyeing house in Asia.
The company manufactures a broad range of fibres. Its product portfolio includes Bulk Continuous Filament yarn (BCF), Industrial dyed yarn (IDY), Automotive yarn, textile yarn, packaged dyed yarn, and sewing yarn
AYMSYNTEX trade ideas
bottom buy before breakoutHello All,
The recommendations are purely for educational purpose only, consult you financial advisor before trading.
Targets are mentioned in charts (either red lines or balck lines), keep Stop Loss as per your risk..
If you like my Idea, Don't forget to Boost and comment on my Analysis..
Have a profitable year ahead
Gautam Khanna
Technical Analyst by Passion :-)
AYM Syntex Ltd.AYM Syntex Ltd.
Cup & Handle Pattern: Monthly Basis (Price/Vol. BreakOut). *Further Built-Up Required* Then Good to Go!!!.
*With Increase in Price, Trail Stop Loss*
*Book Profit as per Your Risk Appetite*
*Fundamentally Sound Company*
Estb. in 1983, AYM (formerly known as Welspun Syntex Ltd) manufactures / exports polyester filament yarn, nylon filament yarn & BCF yarn. Manufacturing plants in Silvassa / Palghar.
Improving Qtrly/Yrly Sales & Profitability (Mar'21 an Aberration).
Moderate Leverage. Better Ops. Cash Flow. Continues increase in Book Value since Mar'13.
Promoters/FII stake increase since Jun/Mar'21
*Concern:*
Stretched WC Cycle. RoA/RoE/ROCE needs further improvement.
*Do Your Own Research as Well. This is Just an Opinion.*
Your Opinion may Differ and is Respected.
Happy Investing :)
AYMSYNTEX again looks goodretest done
cmp 134
trgt 10% swing
long term 2x
company info
pro
Company is expected to give good quarter
Promoter holding has increased by 1.83% over last quarter.
cons
Though the company is reporting repeated profits, it is not paying out dividend
The company has delivered a poor sales growth of 3.60% over past five years.
Company has a low return on equity of 4.54% for last 3 years.
Disclaimer:
All information shared is just for educational purposes.
By no means shall we be accountable for any debits/losses amounting out of it.
We are not SEBI registered Analysts, so please consult your Investment Advisor and take rational decisions.
AYX Syntex looks good now at ath cmp 123
trgt 5-10% swing
longtem 2x
Disclaimer:
All information shared is just for educational purposes.
By no means shall we be accountable for any debits/losses amounting out of it.
We are not SEBI registered Analysts, so please consult your Investment Advisor and take rational decisions.