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Tuesday, March 22, 2011

Stock Review: JINDAL COTEX

The company has diversified from producing polyester, polyester viscose, polyester cotton and acrylic into medical and specialty textiles. It has shown robust growth in its quarterly revenue and profits backed by higher margins since its listing in September 2009. The company plans to add 50,000 spindles to the existing capacity of 25,000 spindles. The company is well poised to take advantage of the demand pick up in the textile sector, but its current stock price fully reflects its future growth.
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