Sintex news share price down
Sintex news share price down to Rs79 a new 52 week low. sintex ind has FCCB loan of $225 million that is foregian loan of Rs 1100 cr. so as price of rupee falling from Rs 47 to Rs 53 now so they have to take m to m losses of rs 70 cr. in next result.
because of such currency losses share price of sintex falling every day to new low of Rs79 but we are advising to hold stock as it’s main business is doing well with 1 year target price of Rs 160