Sri Lakshmi Saraswathi Textiles (Arni) Ltd Detail
As per the Company website it is textile Company dealing with Cotton and Poly Cotton yarns. The factory is located in Arni which is 140 kms from Chennai. The Company imports Cotton from countries like Australia.
It also exports finished products to different countries like European markets of Belgium, France, Finland, Germany, Italy, Portugal, Spain and Switzerland, Hongkong, Czech Republic and United States. It also has a presence in Bahrain, Cyprus and Morocco among others.
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.
Sri Lakshmi Saraswathi Textiles (Arni) Ltd My Opinion
Sri Lakshmi Saraswathi Textiles (Arni) Ltd is a Textile Company.As of this writing the Company is under Surveillance (Stage 1). This means that Company is transferred to Trade to Trade segment with price band of 5% of lower as applicable.
I personally do not like Companies which become part of Surveillance. It means Exchanges have found something fishy about trading in the Counter. Such counters are not good fit for investment.
So I will advice not to track or invest in this Company. This sole reason make me discard this Company.