Lagnam Spintex At ZONE OF INTEREST

Accumulate 30% LAGNAM At CMP
40% LAGNAM At 60
40% LAGNAM At 45

TARGET 80/90/110 SL 40

Time Frame 2- 3 Months

Incorporated in 2010, Lagnam Spintex Ltd is engaged in the business of manufacturing Ring & Open end Cotton yarns for domestic and international market. It exports to countries like Portugal, China, Bangladesh, etc and their yarns are used in apparel & garment industry



Pros

Company is expected to give good quarter
Company has delivered good profit growth of 50.99% CAGR over last 5 years
Debtor days have improved from 53.27 to 42.22 days.
Cotton Exports Ban Unlikely