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Monday, 25 December 2017

WELSPUNIND - Meduim-Term Techno Funda call; CBSL 64.9, Targets 83-87-91

Welspun India Limited; Medium Term Technical & Fundamental Call (Techo-funda call)


CMP: 76.1, P/e: 14.8, P/Bv - 2.91, Mcap/sales: 1.15, Div. Yld: 0.85%, D/Eq: 1.5 (Doing capacity expansion YoY)
One can  look for buying opportunity in Welspun India Limited, with the Closing basis SL of 64.9 for the targets of 83-87-91

Key Technicals

* Good volumes
* Cup and Handle Break out
* Trend line break out
* Long-term Inverse head and shoulders breakout

Key Fundamentals

* Fundamentally Good stock
* Valuation wise - Under valued compared to peers
* Financially Strong

About Company

Welspun India Ltd. (WIL) a Welspun Group company, started its activities in 1985 as Welspun Winilon Silk Mills Pvt. Ltd, a synthetic yarn business which went on to become Welspun Polyesters (India) Ltd. and finally, Welspun India Limited emerged in the year 1995.
The company offers a variety of products like towels in different sizes and qualities, bed linen using state of the art technology and the best quality of Egyptian cotton. Launched organic products utilizing the benefits of Soya, Seaweed, milk and Bamboo.
WIL is Asia 's largest and amongst the top 4 Terry Towel producers in the World. Its business is spread across continents and a distribution network in 32 countries, like USA, UK, Canada, Australia, Italy, Sweden and France. 94% of the total products are exported. 
The company is the preferred supplier to 14 out of top 20 retailers in the world. It endeavors to reach the leadership position in each segment / sector of its product / service. The company is committed to satisfy its customers by providing such quality product / service, which gives highest value for money. Welspun believes that employees are its most important asset through which it can reach the top in each category of its product / service. Therefore, the company will emphasize on their continuous improvement through upgradation of relevant knowledge and training.
Welspun Terry Towels with the inexhaustible range and the claim to produce the softest towels, are engineered to the requirements of the consumer. Highly absorbent and long lasting towels are produced in a range of colours, which state to defy imagination.
Today WIL is a $400 million company with manufacturing facilities in the US, UK, India, Mexico and Portugal, which is expected to become a $1 billion company by the year 2010.
- See more at: https://www.moneyworks4me.com/indianstocks/mid-cap/textiles-apparels/textile/welspun-india/company-info#ten-year-xray-anchor-link

 Key Notes: 

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