Siyaram Silk may ShineSiyaram Silk Mills Ltd. is a textile company having twelve manufacturing plants across Tarapur, Daman, Amravati and Silvassa. They are mainly in the business of quality fabric and clothing. They have recently ventured into house furnishing fabrics and yarn. The company have 800+ distributors in more than 30 countries including Abu Dabhi, Canada, Australia and much more. Siyaram Silk Mills CMP is 540.75.
The Negative aspects of the company is MFs are decreasing stake. The Positive aspect of the company are improving annual net profits, improving cash from operations annual, no debt, FIIs are increasing stake and zero promoter pledge.
Entry after closing above 551. Targets in the stock will be 564 and 584. Long term targets in the stock will be 615 and 644. Stop loss in the stock should be maintained at closing below 500.
