Garware Wall Ropes : Stock update : First quarter results are declared excellent numbers reported

Garware Wall Ropes has reported excellent set of numbers for Qtr-1 -15-16.

1.Sale has grown by 20.5% to Rs 239.1 crores as as compared to Rs 19.5crores in Q-12014-15
2. Net profit grown by 50% to Rs 14.6 crores in the quarter against Rs9.7 crores in corresponding period of 2014-15.
3. EPS is at Rs 6.68 in Q1-15-16  against last year EPS of 4.46 Q-1-14-15   

Stock recommended on 20-7- 2-15 at 255-260 is getting ready to create new high by crossing Rs325

Rs 3 dividend has been declared book closure date is 27-8-2015 To 2-9-2015.

Long term investor should continue holding the stock.