The Asian Age

STOCK SCAN

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Filatex India is engaged in manufactur­e and trading of synthetic yarn and textiles. The company manufactur­es polyester and polypropyl­ene multifilam­ent yarn, and polyester chips. The company is one of the pioneers in manufactur­ing Monofilame­nt Yarns for Zippers, Tooth Brush Bristles, Velcro, Magic Fasteners and Forming Fabrics in India. The company also started its own poly-condensati­on plant envisaging 600 MT/day of Poly-condensati­on and 300 MT/day of POY. Buy on declines for target price of `175.

Mukand Limited is a holding company, which is engaged in the manufactur­ing of alloy steel and stainless steel bars, rods, structural­s and rails. The company operates through the segments, including Specialty Steel, Power Generation, Industrial Machinery and Engineerin­g Contracts and Others. Its others segment includes road constructi­on, which comprises property developmen­t and income from operations of nonbanking financial activities. Its plants are located at Dighe, Thane, Maharashtr­a, and Ginigera, Karnataka. Buy for strong turnaround returns with medium term target of `150.

Advani Hotels & Resorts (India) Ltd. is engaged in the hotel business. The company is engaged in short-term accommodat­ion activities, and restaurant and mobile food service activities. The company is engaged in owning and operating the five star deluxe resort Ramada Caravela Beach Resort in Goa. The firm offers nine-hole golf course and an Ayurveda center. The Company also operates Lanai & Cafe Cascada, which is a coffee shop; Beach Shack, which offers seafood, kebabs and Goan cuisine. Buy for medium term target of `100.

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