February 13, 2015

SINTEX INDUSTRIES LTD.

Investment Rationale

Sintex is one of the leading providers of

plastics and niche textile-related products
in India.
The
prefab
business
(prefabricated
buildings) is expected to show good growth
in coming years, with new government
schemes like Swacch Bharat Mission,
National Mission for Clean Ganga and
through various CSR initiatives taken by
private sectors related to drinking water and
sanitation.
The management is also bullish on the
prospects of spinning industry and its
custom molding segment. The spinning mill
will commence commercial production of
first 1 lakh spindles in September 2015 with
80% utilization, and balance 2 lakh by
December 2015. The management expects
ramp-up to full utilization by FY17.

BSE Code

502742

NSE Code

SINTEX

Sector

Technical Recommendation
CMP (`)
Stop Loss Closing (`)
Target (`)
Time Horizon

After prolong underperformance, Sintex

witnessed a V shaped recovery in late 2013
and reversed its short term negative trend.

It gained nearly five times from the bottom

in less than a year time and scaled above
the crucial hurdle of 200 EMA on the weekly
chart as well.

Post that move, it consolidated in range of

70-100 level for nearly one and half year
and witnessed an upside breakout from the
same in January, 2015. Recently, it has
retraced to neckline area of the
consolidation range; providing a fresh
buying opportunity. Participants can utilize
this to accumulate it between 103-CMP
(105.70) with closing below stop loss of 95
for the target of 128.

105.70
95
128
1-2 Months

Data Matrix
Equity (`Cr)
EPS (`)
Book Value (`)
Face Value (`)
P/E (x)
Dividend Yield (%)
Beta
52 Week High / Low
Avg. Weekly Volume
ROE (%)
Source : Capitaline

Technical Outlook

Plastic Products

Technical Chart (Weekly)

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38.4
12.05
90.56
1
8.9
0.53
1.67
119.9/31.95
5478738
11.47

Follow-up of Recommendations
Scrip Name

Rec. Date

Rec. Price

CMP - 13th Feb, 2015

Closing S/L

Target

RALLIS

06-Feb-2015

228.65

238.50

222*

270

RECLTD

30-Jan-2015

333.10

325.70

308

385

GODREJIND

23-Jan-2015

314.55

328.05

310*

365

DELTACORP

16-Jan-2015

98.85

92.75

88

122

Rec. Date

Scrip Name

Rec. Price

Exited On

Return %

02-Jan-2015

TITAN

382.80

28-Jan-2015

12.33

Target Met at 430

19-Dec-2014

EXIDEIND

169.35

28-Jan-2015

21.05

Target Met at 205

09-Jan-2015

RANBAXY

631.05

23-Jan-2015

12.51

Target Met at 710

26-Dec-2014

DISHTV

64.25

23-Jan-2015

18.28

Target Met at 76

12Dec-2014

SINTEX

96.15

17-Dec-2014

-8.47

S/L triggered at 88

05-Dec-2014

SIEMENS

946.15

12-Dec-2014

-8.04

S/L triggered at 870

28-Nov-2014

M&MFIN

310.35

12-Dec-2014

-3.33

Exited at 300 as trailed S/L triggered

14-Nov-2014

PFC

280.85

09-Nov-2014

3.97

07-Nov-2014

VOLTAS

246.80

09-Nov-2014

8.58

31-Oct-2014

AMBUJACEM

227.65

09-Nov-2014

0.15

Exited at 228 as trailed S/L triggered.

21-Nov-2014

ITC

376.15

25-Nov-2014

-4.29

S/L triggered at 360

05-Sep-2014

POWERGRID

134.45

25-Nov-2014

5.61

Booked profit at 142 as trailed S/L

triggered

26-Sep-2014

RECLTD

255.15

17-Nov-2014

23.45

Target Met at 315

10-Oct-2014

M&MFIN

284.60

12-Nov-2014

14.19

Target Met at 325

17-Oct-2014

DABUR

205.85

03-Nov-2014

11.73

Target Met at 230

12-Sep-2014

EXIDE

175.05

20-Oct-2014

-7.45

Booked loss at 162 as trailed S/L

triggered.

28-Aug-2014

WIPRO

565.25

01-Sep-2014

8.80

Target Met at 615

14-Aug-2014

ITC

356.85

10-Sep-2014

0.88

01-Aug-2014

BHARTIARTL

380.05

10-Sep-2014

3.93

* Stop loss Trailed

Remarks

Booked profit at 292 as trailed S/L

triggered
Booked profit at 268 as trailed S/L
triggered

Booked profit at 360 as trailed S/L

triggered
Booked profit at 395 as trailed S/L
triggered

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Team Members
Ajay Kumar Srivastava ajaykumar.s@religare.com
Ajit Mishra
ajit.mishra@religare.com
Swati Saxena
swati.saxena@religare.com
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