RIBA TEXTILE : HOLD

Mahesh Sirji,
Thanks a lot for your reply it really helps sir……..Can you please let me know abt Riba textiles. Riba textiles 200 shares @ 17rs per share Sir ji also market is going down due to global weakness……what r ur outlook for short term investment at this point of time?? Regards, Saifuddin Accenture Mumbai
1. safuddin ratlam wala ji I think market correction is start and it will be continue for next 20-30 trading session in these sessions market behave sideways or corrective phase with little pull backs but these days are important for fresh delivery base buying for outlook of 2-3 months I start my fresh buying to day with R COM .
2. Riba textile is a 10 rupee face value share.
3. book value of riba textile is 34.34 so I think this price ( CMP 12 ) is a value buying and you may no need to worry with your buying price 17 I am very happy to see your small quantity .. I always try to educate my blog readers that BUYING IN SMALL LOTS is a good policy.
4. 52 week low for riba textile is 8.25 and 52 week high 19.85 EPS of FY 09-10 only 0.32 so share traded at high P/E but I think market may victim a huge rally in textile sector because this is the only sector that not performs in last 20 year.
5. Promoter holding 53.33 % in riba textile is also a good sign.
6. So I think you may hold riba textile for a profitable exit
7. My discloser: - I am not holding any share of riba textile but hold arvind ltd in textile sector so my personal interest is included in textile sector.