CELEBRITY FASHIONS - 

Market cap – 51 crs

Fy 16 sales – 197 crs

Fy 16 profit – 21.40 crs

Dipti Vikram kotak wife of Vikram kotak who is Partner in private equity firm “Crest capital” bought 2.5 lacs shares of celebrity fashion at 11.63 on 8 July 2016

One more seasoned small cap  investor Chetan rasiklal shah bought 5.5 lacs shares on 7^th July 2016

The company is consistently reducing debt, sold land worth 29 crores in last Fy16 year to reduce debt.

Indian terrain Fashions was demerged from celebrity fashions in June 2010 and now it’s a 500 crore market cap company.

This shows the promoters have proven track record and they can execute well.

Due to the tail winds in the textile sector and the reformist 6000 crore textile policy package announced by Modi Govt the textile sector and the stock looks promising.

More can be found out about the revolutionary textile policy 2016 in the links below-

http://economictimes.indiatimes.com/opinion/interviews/new-textile-policy-will-boost-exports-create-employment-rashmi-verma-textile-secretary/articleshow/53071265.cms

http://www.business-standard.com/article/economy-policy/new-textile-policy-to-reap-chinese-slowdown-benefits-116021800451_1.html