Hope you are doing well.
With this mail, we would like to share with you an interesting stock idea: Chaman Lal Setia Exports (BSE: 530307).
While the name of the company may not be very inspiring, they are actually doing very good business in the Basmati rice exports segment. Despite the pandemic and the lockdown, for Q1 the company has reported ~18% growth in sales and more than 200% growth in profits on YOY basis.
For us as well, the stock has proved to be quite good. We first initiated coverage on the stock in Nov 2016 around 60 odd levels and then closed it in Dec 2017 around 150 odd levels with a gain of 150% in 13 months.
Recently, we again initiated the coverage on Chaman Lal Setia in Sep 2019 around 46 odd levels and we continue to like it even around current levels.
In fact, in our 21st Aug’20 update, we assigned a positive rating to the stock. Our positive rating is akin to Buy rating given by others.
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You can read the initiation report (Free access) on Chaman Lal Setia at the following LINK
The latest 21st Aug’20 update on the stock can be accessed (Free) at the following LINK
Wish you good health and wealth.
Email: [email protected]
Ph: +91-727-5050062, Mob: +91-9818866676
Research Analyst Details
Name: Ekansh Mittal Email Id: [email protected] Ph: +91 727 5050062
Analyst ownership of the stock: No
Details of Associates: Not Applicable
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Whether the research analyst or research entity or his associate or his relative has any financial interest in the subject company/companies and the nature of such financial interest – No
Whether the research analyst or research entity or his associates or his relatives have actual/beneficial ownership of 1% or more securities of the subject company (at the end of the month immediately preceding the date of publication of the research report or date of the public appearance) – No
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