Sunday, July 2, 2017

Ginni Filaments :DD Sharma's Another New Stock Pick

Ginni Filaments : Corporate Overview


Ginni Filaments is yet another shining example of DD Sharma’s awesome sense of timing.

DD Sharma assured a target price of Rs. 70 for Ginni Filaments which is now within touching distance.
No doubt, he will increase the target price given that the Company is on the proper track.

DD Sharma explains why Ginni Filaments is investment worthy

For some reason, DD Sharma, the veteran stock picker, does not figure prominently in our radar despite the fact that he has several multibagger stocks to his credit.
One reason for this could be the fact that he appears only on the Hindi channel CNBC Awaaz and not on the English channels.
Anyway, there is no doubting the quality of his analysis.
In February 2017, when Ginni Filaments was languishing at Rs. 31, DD Sharma recommended a buy on the basis that the Company is a “niche player” in textiles.

He explained that in the traditional textiles business, Ginni exports its products to elite global consumers such as Disney and Benneton.
In the non-woven segments, the Company supplies products like ‘wet wipes’, ‘water filters’ etc to other elite consumers such as Johnson & Johnson etc.
He explained that the non-woven segment is a business with huge potential for growth with hefty margins and that it would transform the fortunes of the Company for the better.
DD Sharma also reeled out impressive facts and figures relating to the Company’s financial performance to prove his point.
Towards the end, he projected a target price of Rs. 70 for the stock, which was a 100% gain from the then prevailing price.
The best part is that DD Sharma reiterated his bullishness for Ginni Filaments in May 2017 when the stock had surged to Rs. 45




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