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NSEOct 28, 2020 03:31 PM
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|Summary||Date||Stock||Broker||Price at Reco.||Target||Price at reco|
Change since reco(%)
|2016-10-27||Donear Industries Ltd.||IDBI Capital||71.55||71.55 (-66.04%)||Mgmt Note|
Donear Industries Ltd. (DIL), incorporated in 1977 and HQ in Mumbai, is primarily engaged in the manufacturing of Suitings, trousers and shirting fabrics with 3 plants in India, having world class processing unit, 50-60 designers, strong retail presence (180+ retail outlets across India under D'Cot brand) through dealers and exclusive outlets. DIL also supplies products to well-known domestic brands and exporting to over 50 countries. The company has created strong asset base over the years with decent capex by hurting its balance-sheet. However, it is now on the verge to see better operating leverage due to innovative product-mix, focus on retailing and e-commerce business, which would help to improve overall financials. The stock is a re-rating candidate as it...