A micro small cap with the potential to become a mid cap for short term investment - Arrow textiles

Arrow textiles cmp 21 tgt 50 + two year time frame Technical Outlook

For the past few years arrow textiles has been consolidating in a narrow band.Major resistance is seen around 25 levels.which is its life time high.A breakout above that level can lift prices to 50 + region in the medium ter ( 2 year time frame)

Fundamental out look
Arrow Textiles  is a  company that resulted from demerger of Arrow Webtex in November 2008.The company has shown consistency in improvement of salesTotal sales turover has almost doubled from 2010.Income has also improved in a consistent manner .On the debt level the company is not highly leveraged the book vale is seen around 14 Rs.P.e is at 10.below the industry p.e of 12. Promoter holding is around 68%.



 Arrow Textiles customers  are well known names in undergarments sections of textile industry namely :

Customers (in alphabetical order)	Woven Labels	Fabric Printed Labels	Woven Elastic Tapes	Woven Rigid Tapes
AMUL Brand Hosiery	√	√	√	√
Colorplus	√			√
Hennes & Mauritz	√	√	√	√
Indian Terrain	√	√		√
Jockey	√	√	√
LUX Brand Hosiery	√	√	√	√
Fila	√	√		√
Cubus	√	√
Rupa Brand Hosiery	√	√	√	√
Several Exporters & Domestic Brands			√
VIP brand Hosiery	√	√	√	√
Turtle	√	√	√	√