Intrinsic value

Stock has not been able to generate better return on equity than bank FD

ROE vs FD rates

Stock doesn't offer attractive dividend returns

Dividend Returns

Good time to consider, as stock is not in overbought zone

Entry point

Stock not in ASM/GSM lists and not a lot of promoter holding is pledged

No Red Flags

Sintex Ind Standalone December 2022 Net Sales at Rs 698.54 crore, down 27.82% Y-o-Y

As per the IBC procedures, RP has to submit the resolution plan as approved by the CoC to NCLT under Section 30(6) of IBC, which gives its final approval

Reliance Industries, ACRE bid for Sintex filed before NCLT for approval

The resolution professional of Sintex Industries has filed the resolution plan by RIL and ACRE, as approved by the CoC before the Ahmedabad Bench of NCLT.

RIL-ACRE bid for Sintex Industries filed before NCLT for approval

Trading in shares of Sintex was suspended on NSE and BSE, with effect from Tuesday, following the approval of the insolvency resolution plan by the members of the CoC.

RIL, ACRE to submit Sintex Industries resolution plan to NCLT

Stock of Sintex Industries closed at Rs 7.82 on Monday, down 4.98% against the previous close of Rs 8.23 on BSE. It opened at Rs 7.82 and was stuck at the same level through the session

Trading in Sintex Industries stock suspended on BSE, NSE

Sintex Industries’ lenders have approved the joint bid of RIL and ACRE to acquire the debt-ridden textiles firm under the insolvency resolution process

BSE, NSE suspend trading in Sintex Industries shares from today

Buzzing stocks: Reliance Ind, Sintex Ind, Jindal Steel, HDFC, Spandana Sphoorty Financial NBCC (India), Strides Pharma, SMS Pharma, Wockhardrt, Pidilite, Ruchi Soya, Kopran, Dodla Dairy, Deccan Gold Mines, Selan Exploration

Stocks that will see action today

Sintex was founded in the 1930s as a textile mill, Bharat Vijay Mills, in Kalol, Gujarat, and was later rebranded as Sintex Industries, a cotton yarn and fabric maker.

Reliance Industries gets CoC’s approval to acquire Sintex | The Financial Express

RIL-ACRE wins bid to acquire Sintex Industries, proposes to delist from BSE, NSE

RIL-ACRE wins bid to acquire Sintex Industries, proposes to delist from BSE, NSE By IANS

Lenders approve resolution plan with 100% vote

Reliance-ACRE combine wins race for ailing textile firm Sintex Industries

It is proposed that existing share capital of the textiles and yarns manufacturer shall be reduced to Zero and the Company will be delisted from the stock exchanges

RIL-ACRE combine’s resolution plan for Sintex Industries accepted by CoC

Sintex Industries Limited is a holding company engaged in the manufacture of plastic products, and spinning, weaving and finishing of textiles.

Sintex Industries Ltd

Sintex Industries Ltd

Intrinsic value
Intrinsic value is the calculated value of the company and may differ from current stock price. If intrinsic value > current price, price increase is expected in the future to reduce the gap and vice-versa

ROE vs FD rates
Fixed Deposit rate is a virtually risk-free rate where the investor assumes almost no risk on their investment. If stock's long term average ROE is lower than this rate, investors are better off investing the amount in a FD

Dividend Returns
A dividend is the distribution of reward from a portion of company's earnings and is paid to its shareholders. Good dividend returns indicate good health and outlook for the company

Entry point
High demand for a stock increases its price. If the price is pushed up to a level which is not justified, then it's considered to be in the overbought zone, which is not a good time to buy the stock

News & Opinions

Sintex Ind Standalone December 2022 Net Sales at Rs 698.54 crore, down 27.82% Y-o-Y

Reliance Industries, ACRE bid for Sintex filed before NCLT for approval

RIL-ACRE bid for Sintex Industries filed before NCLT for approval

RIL, ACRE to submit Sintex Industries resolution plan to NCLT

Trading in Sintex Industries stock suspended on BSE, NSE

BSE, NSE suspend trading in Sintex Industries shares from today

Stocks that will see action today

Reliance Industries gets CoC’s approval to acquire Sintex | The Financial Express

Sintex Industries Ltd

Intrinsic valueIntrinsic value is the calculated value of the company and may differ from current stock price. If intrinsic value > current price, price increase is expected in the future to reduce the gap and vice-versa

ROE vs FD ratesFixed Deposit rate is a virtually risk-free rate where the investor assumes almost no risk on their investment. If stock's long term average ROE is lower than this rate, investors are better off investing the amount in a FD

Dividend ReturnsA dividend is the distribution of reward from a portion of company's earnings and is paid to its shareholders. Good dividend returns indicate good health and outlook for the company

Entry pointHigh demand for a stock increases its price. If the price is pushed up to a level which is not justified, then it's considered to be in the overbought zone, which is not a good time to buy the stock

News & Opinions

Sintex Ind Standalone December 2022 Net Sales at Rs 698.54 crore, down 27.82% Y-o-Y

Reliance Industries, ACRE bid for Sintex filed before NCLT for approval

RIL-ACRE bid for Sintex Industries filed before NCLT for approval

RIL, ACRE to submit Sintex Industries resolution plan to NCLT

Trading in Sintex Industries stock suspended on BSE, NSE

BSE, NSE suspend trading in Sintex Industries shares from today

Stocks that will see action today

Reliance Industries gets CoC’s approval to acquire Sintex | The Financial Express

Intrinsic value
Intrinsic value is the calculated value of the company and may differ from current stock price. If intrinsic value > current price, price increase is expected in the future to reduce the gap and vice-versa

ROE vs FD rates
Fixed Deposit rate is a virtually risk-free rate where the investor assumes almost no risk on their investment. If stock's long term average ROE is lower than this rate, investors are better off investing the amount in a FD

Dividend Returns
A dividend is the distribution of reward from a portion of company's earnings and is paid to its shareholders. Good dividend returns indicate good health and outlook for the company

Entry point
High demand for a stock increases its price. If the price is pushed up to a level which is not justified, then it's considered to be in the overbought zone, which is not a good time to buy the stock