Shilp Gravures : Important Result update

Result update 30-4-2016:

 Shilp has sold off there stake in the subsidiary company Reshilp and joint venture HMSU rollers and surprisingly booked loss of Rs 2.68 crores in this quarter hence the net profit has fallen down  though operating profit has increased by 30% but due to negative impact of loss arising out of sale of investment has resulted in decrease in NP.The yearly EPS has fallen to 4.93 This could affect the stock price in short term investor should hold on to fresh investment and wait for the uptrend to resume fundamentals of company remains intact and long term investor can start accumulating at lower levels.

Revised Recommendation : Hold