Scripscan:Timex Group India Ltd
Code: 533014
cmp:26
Story:Timex Group India Limited engages in the manufacture and trading of watches in India and internationally. It offers various collections of watches in fashion, sports, and outdoor lines for men and women. The company also manufactures tools, moulds, and plastic components for other parties. In addition, it provides after sales service to its customers. The company was incorporated in 1988 and is based in Noida, India. Timex Group India Limited is a subsidiary of Timex Group Luxury Watches B.V.Timex is not really a small stock considering the fact that it is a Re 1.But my own belief is that MNC stocks gradually will keep on improving and they will start becoming costly. The fact that the parent is the largest watch manufacturer in the US and although initially it did not get India’s strategy right but as more products get introduced in India and also considering the fact that 2011 they are the official sponsors, I think its going to make some new launches in the present year which should make the topline as well as the bottomline look healthy in the coming fiscal.It could be a good pick for long term investors.One may not see immendiate gains arising out from the counter but if kept for 2-3 years certainly then solid gains may accrue.From a trading perspective being a high beta counter one can buy at 20 to exit at its resistance levels.
Search This Blog(Over 800 companies covered in the blog).
Please note
Archives : Old artciles
Important Disclaimer&Privacy policy
This blog does not share personal information with third parties nor do we store any information about your visit to this blog other than to analyze and optimize your content and reading experience through the use of cookies.You can turn off the use of cookies at anytime by changing your specific browser settings.This privacy policy is subject to change without notice and was last updated on 20.3.2013. If you have any questions, feel free to contact me directly here: arunsharemarket@gmail.com
Investment in equity shares has its own risks.Sincere efforts have been made to present the right investment perspective.The information contained herein is based on analysis and up on sources that I consider reliable. I,however,do not vouch for the accuracy or the completeness thereof.This material is for personal information and am not responsible for any loss incurred based upon it & take no responsibility whatsoever for any financial profits or loss which may arise from the recommendations above.The stock price projections shown are not necessarily indicative of future price performance.The information herein, together with all estimates and forecasts, can change without notice.
