SANWARIA AGRO OILS

Flash News Investment - - RECOMMENDATIONS -

We had rec­om­mended Sanwaria Agro Oils in vol­ume no. 33, is­sue no. 31 (dated May 22, 2017) when the scrip was trad­ing at Rs 14.09. Our rec­om­men­da­tion was backed by fac­tors such as strong fi­nan­cial per­for­mance in FY17 and grow­ing de­mand in global mar­kets. The board of di­rec­tors had rec­om­mended bonus is­sue in the ra­tio of 1:1 and the record date fixed for the same is July 4, 2017. Also, the com­pany has de­clared in­terim div­i­dend of 5 per­cent or Rs 0.05 per eq­uity share. The fi­nan­cial per­for­mance of the com­pany has been strong and we ex­pect it to con­tinue go­ing for­ward. We rec­om­mend our in­vestors to HOLD the scrip and avail the bonus and div­i­dend.

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