>NAHAR SPINNING MILLS LTD. (FAIRWEALTH)

Nahar Spinning Mills Limited is a Ludhiana based company operating in the textile industry. The company was incorporated in the year 1980. The company basically operates in two segments: yarn and garment segment.

Key Highlights

• The company is the best company among its peers as it is available at attractive P/E of 5.92.
• The company exports its T-shirts to international brands such as GAP, Arrow, Van Heusen.

Future Outlook
At Current market price of Rs 92 , the stock is available at P/E of 6.20 of its FY10 earnings,
and P/E of 4.41x of its FY11. Fairwealth Research Desk recommend BUY with target price of
Rs 115 , given that company’s future shows potential.

To read the full report: NAHAR SPINNING