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Monday, October 24, 2011

Konark Synthetic Ltd:-Buy/sell/growth prospects and recommendation,news and results,target price and analysis,view and outlook,multibagger

Scripscan:Konark Synthetic Ltd
BSE code:514128

Story:Konark Synthetic Limited engages in the production and sale of textile products in India. The company’s products include synthetic multifold yarns, home furnishing fabrics, and readymade garments. It offers texturised and air-texturised specialty synthetic yarns; fabrics, such as upholstery, drapery-sheer and main, top of the bed, top of the table, and suitings; apparel comprising trousers, shirts, and shorts; and carded, combed, and compact cotton yarns. The company exports its products to customers primarily in Turkey, China, Russia, the Middle East, Germany, and the United States. In addition, it involves in the development of residential, commercial, and township properties. The company manufacturers textured yarn of synthetic filament yarn in its factory located in Thane. With a 25 year track record the company has grown many folds in its history.The overall change and growth of textile industry is likely to bring improvement in working performance of the company.In view of taking advantage of demand in textile goods, the company raised money for expansion and forward integration of its business. Also as the main raw material for the company is cotton, better than expected crop of cotton will keep the raw material prices in check.With the opening up of the textile sector,the company is also expected to benefit a lot in terms of higher sales.Punters expect the scrip to hit 30rs in next few quarters.

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