Perhaps most undervalued Textile stock:
Best Turnaround
Q4 NP 9.59cr vs 10.17 cr Loss
Q4 Sales 125cr vs 132 cr
Acrylic Fibre mfg capacity 40000 tonnes (same as Pasupati)
Promoter stake increased from 55% to 58.73%

*FY17E NP 35-38crores*

TP Rs 17,21,26

Name: INDIAN ACRYLICS LTD

*(Ganesh Benzoplast up 45% since our recommendation on Monday. Pasupati acrylic rose from Rs 15 to Rs 25-27. Now, Indian Acrylic should rise as cheapest stock in textile industry)*