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Sintex Industries
NEWS:
Sintex Industries: Mandatory Conversion of outstanding Bonds
May 28, 2015 at 17:00 | Source: Moneycontrol.com
Sintex Industries has informed that in terms of para 8.2 of offering circular dated November 16,
2012, the Company has issued a notice dated May 28, 2015 exercising Mandatory Conversion of
the Bonds at the option of the Issuer pursuant to Terms and Conditions of the Bonds (the
Sunidhi Securities is bullish on Sintex Industries and has recommended a 'Buy' rating on the stock
with a target price of Rs 163 in its research report dated May 12, 2015.
Brokerage house Firstcall Research is bullish on Sintex Industries and has recommended buy rating
on the stock with a target price of Rs 125 in its research report dated May 11, 2015.
ICICIdirect.com has recommended to hold Sintex Industries with a target price of Rs 122, in its
research report dated May 12, 2015.
Sintex Industries has reported a consolidated total income from operations of Rs 2,176.34 crore and
a net profit of Rs 197.78 crore for the quarter ended Mar '15
Sintex Industries Ltd has informed that the Committee of Directors at its meeting held on March 26,
2015 has allotted 70,22,445 equity shares of Re 1 each to Foreign Currency Convertible Bonds
(FCCB) holders on the exercise of their conversion right.
According to Prakash Diwan of Altamount Capital Management, Sintex Industries may rise by 50
percent in the next few quarters.
MILESTONES:
1990 SMC and SMC Moulded Products, Pultruded Products, Resin Transfer
Moulded (RTM) Products, Blow Moulded Products, Injection Moulded Products etc.
2001 Prefabs
2012-Sintex Industries Ltd has recommended Dividend Rs. 0.65 per equity share
2013-Sintex has recommended a Dividend Rs. 0.70 per equity share for the year
2012-13.
2014-Sintex has recommended Dividend of Rs. 0.70 per equity share for the year
2013-14.
CSR:
Individual Toilets
School Toilets
Septic Tanks
Biogas Plants
Hand Wash Stations
Package Sewage
Treatment Plants (PSTP)
As corporate, we believe in our share of responsibility towards the
progress of the nation. After careful study for years, we have evolved
an innovative range of products and solutions for sanitation to meet
needs of society at large. Not only do we have established products
portfolio, but also have proven implementation record across the
country through numerous projects. We can be a complete solution
provider and an ideal implementing partner to help you set up the
infrastructure for better hygiene for your CSR initiatives and programs
like Swachh Bharat Abhiyan.