Samtex Fashions Ltd Stock Research

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Samtex Fashions Ltd Detail

Samtex Fashions Ltd is in portfolio of Anil Kumar Goel. He is one of the top investors in India. The company belongs to Textiles sector.

As per the Company website it started in 1993 in technical collaboration with Samsung Inc., Korea, a Fortune 500 company. The factory is located in Special Economic Zone of Noida. It manufacture below products

  • Jackets
  • Ladies Trousers
  • Men trousers
  • Shorts and Skirts

The factory has capacity to manufacture more than 1,000 jackets and 6,000 trousers per day. It mainly exports to US and local brands. It has also opened overseas branch in New York to oversee US market. The head quarters is located in New Delhi.

I have shared long term price performance chart of the Company below.As per Dow theory of technical analysis price performance over a period of time reflects Company state.

Samtex Fashions Ltd Stock Performance

The Company ha fluctuating stock price history. As of now it has not given any return to investors. The stock prices fell down very sharply in last two years. It fell from 20 odd levels to 1 INR level in last two years destructing money of investors considerably.

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This rise and fall is not new to this stock. The same happened in year 2005 and 2011. At that time the rise and fall were not that swift like this time around. This swift movement in both directions make matter worse for investors.

Samtex Fashions Ltd My Opinion

Samtex Fashions Ltd is a Textiles Company. It creates finished fashion products to be sold in international and national market. It does have collaboration with Electronics major Samsung.

The association will tempt a person to take interest in the Company. Samsung is big name and have presence World wide. But looking at past performance of Company it does not look sound or compelling enough to invest in it.

The products are simple and have no competitive advantage. The only USP of this Company is Samsung association. Not sure how the Electronics Company will help it gain market share in Textile Fashion industry where it does not have any presence.I have not invested in this sector nor I am interested to invest in it.

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In case you are interested then you can track the company by adding it to your stock watch list. That way you can keep close eye on the Company.

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