Stock has been generating better return on equity than bank FD
Stock doesn't offer attractive dividend returns
Good time to consider, as stock is not in overbought zone
Stock in ASM list
Suumaya Corporation Limited, formerly Rangoli Tradecomm Limited, is an India-based supply chain engineering company. The Company is engaged in the business of supply chain of polymers, textile products, non-ferrous metals and chemical additives, whereby polymer includes commodity polymers and textiles includes yarns, threads and fabrics. Its polymers offers range of grades for diverse applications across sectors, such as packaging, agriculture, automotive, housing, healthcare, water and gas transportation and consumer durables. Its yarn and fabrics include light wool, polyester wool and woolen, polyester viscose and polyester cotton fabrics. The Company is also focused on venturing into chemical additives, such as bitumen and agro commodities.
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In last 6 months, promoter holding in the company has almost stayed constant
Pledged promoter holdings is insignificant