Neo Corp International: Value and Growth StockNov 27, 2014
Neo Corp's product range in packaging and technical textile. Technical textile may be little confusing to understand but that textile is used in road etc. It is even difficult for me to understand.
Here is the details from Google Finance:
Neo Corp International Limited is engaged in the business of manufacturing of technical textiles. The Company’s range of PACKTECH products provides solutions for storage carriage and protection requirements of industrial, agricultural and their goods. The Packtech application area includes all textiles used for the temporary containment, carriage, storage and protection of industrial, agricultural, and other goods. Its manufacturing facilities manufacture high-density polyethylene (HDPE) woven fabric to convert sacks/bags, wool packs, box bags and custom design bags. It has Geotextiles having range of end-uses in pavements/roads/railroad beds/airfields, retaining wall earth embankment, concrete revetment, landfill, industrial, and contaminated land reclamation. It also has a division namely Polymer Division, in which consignment stockist and Del Cedder agency of Indian Oil Corporation Limited is operated. It has also set-up Wind Mill for power generation. https://www.google.com/finance?q=BOM%3A523820&ei=u7B2VODCCYW1kAWt5YBQVisit Neo Corp official website to understand by image. Image tell 1000 words!
Are you invested in Haldyn Glass, Ashok Alco and Nile etc. In some like BN Rathi correction came and you may be in loss but don't sell. Wait for it go higher. Govt has recently stopped PET bottles for many pharma products so Haldyn Glass should benefits in big way. Govt has given 6 months time period to pharma companies.
Haldyn Glass has appreciated much from that time but it is no way late to enter at this time as well. Nile Ltd is also good to enter if you can stay from few months.