Sintex Industries and Amtek Auto: Value and Growth StocksFeb 27, 2015
Sintex Industries is pure economic play. It manufactures so many things that is good to play economic recovery. From prefabricated building products, Water Tanks, Dust Bins, Many other molded products and other things used in defense etc are part of its manufacturing. Company has some debt but now it is restructuring.
Sintex Industries - CMP: 117.
Amtek Auto is another stock which is similar to Sintex in one sense. It also has so many products manufactured through its subsidiaries. Its Sales is increasing rapidly and profit is also increasing but most of the profit is getting eaten up by interest. It has taken lots of debt for acquisition. Management told that it may sell some stake in any subsidiaries to reduce debt.
Amtek Auto - CMP: 155.65.
Amtek Auto is consolidating so wait and watch before buying it. Though I don't think it will go much down from here. You can buy in some quantity and add later on.