Sybly Industries
We have covered this stock in our Last 3 Analysis
Traders can take long in range of 8-8.2 with SL of 7.7 and Target of 9.2-9.5.
Traders can take long in range of 9-9.3 with SL of 8.5 and Target of 11.5-12 .
Traders can add to exiting long from 9.3 9-9.3 in range 10.2-10.3 with SL of 9.5 and Target of 11.56-12-12.9 .
From 8 to 12.2 Stock almost gave 40% return in 2 months time frame. Sybly Industries declared its result yesterday as below
BSE listed SYBLY Industries Ltd, engaged into manufacture of Polyester Yarn and Embroidery Thread at its ultra modern, state-of-art manufacturing unit at Gaziabad has reported strong set of numbers with 46.67% growth in sales at Rs.23.19 cr in Q1FY17 vs Rs.15.81 cr in Q1 FY16 and EBITDA Jumped by 271% to Rs.1.28 cr in Q1FY17 vs Rs.0.34 cr in Q1 FY16; company reported 400 bps expansions in EBITDA margin during the Q1FY17. PAT grew to Rs.0.98 cr in Q1FY17 vs Rs.0.017 cr in corresponding qtr of last year.
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