Sybly Industries looks ripe for further gains

Sybly Industries

We have covered this stock in our Last 3 Analysis
1 Analysis
Traders can take long in range of 8-8.2 with SL of 7.7 and Target of 9.2-9.5.
2 Analysis
Traders can take long in range of 9-9.3 with SL of 8.5 and Target of 11.5-12 .
3 Analysis
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.

Fundamentally price has started justifying the price

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