Euro Leder Fashions Ltd. Detail
Note : As of February 2019 the Company is suspended due to Penal reasons. I strongly advice against investment in Euro Leder Fashions Limited due to this single reason.
As per the Company website it has achieved to produce and Export around 2,00,000 Jackets per year and this consistent performance has given Euro Leder Fashion Ltd the recognition from Government of India as a Star Export House .
It is preferred Vendor for many International Reputed brands, Boutiques and Designers across Italy, Germany, USA, UK, Canada, Poland, Australia, France & Spain.
As of this writing the Company has four factories (three in Chennai and one in Kolkata). It uses Sheep skins, Goat Suede, Nubuck, Buff leathers etc with various finishes and also articles like Foil Leather, Printed leather, Stretch Leather etc for our products.
Now lets look at performance of this company over the years.As per Dow theory of technical analysis price performance over a period of time reflects Company state.
Euro Leder Fashions Ltd. My Opinion
Euro Leder Fasions Limited is banned due to Penal reasons. Due to this single reason I would advice against investing in this counter. Any Company dealing with this type of issues should be avoided.
You should not buy into theories and counter theories expecting prices to jump if issues get resolved. Common investors like us do not have risk appetite nor the visionary to dug the truth. So instead of speculating it is better to invest in companies where speculation is not required.
Most of the top investors also get caught in many counters like Reliance Communications. Many fund houses had invested money in Reliance Communications. Look where the Company is heading now. So better to avoid such companies at any cost to make sure your portfolio does not bleed.