Synthetic textile & manmade fibre (MMF)
textile segment are the worst hit by the COVID-19 epidemic , even they
are unable to pay the wages / salaries to its workers. ( Read NewPaper article https://www.business-standard.com/article/economy-policy/covid-19-synthetic-textile-companies-seek-financial-package-to-pay-wages-120041000423_1.html
)
As we are a value picker, We see the rosy
picker while venturing into these sectors to find the Multibaggers /
Undervalued stocks for our investment. While searching the data base, we have picked
two stocks to put in out watchlist. Though neither of them are at right value.
We will wait & watch for inclusion in our portfoilo.
1. Stovec Industries Ltd
2. Lakshmi Machine Works Ltd
Disclaimer : We are / may
going to take exposure shortly.
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