jo aaj dar ke apna stocks bech rahe hai, voh log Pakistan terrorristonko marna like nahi karte rahenge, isiliye voh itne panic huye. Lekin hum Hindustani Khushi se Buy karke, apna india ko support karenge. Ek Bharat Shresht Bharat..
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September 29, 2016 11:27:22 PM
IPO Mentor (900+ Posts, 1100+ Likes)
Nice to see you after a long time Shivajee. Yes market would be volatile but as that won''t be due to business issues the each such fall is going to rebound with ease. There are two options emerging now: 1) -to be on the conservative side and sell and stay in cash to en-cash later on, in the form of great purchases -this definitely increases the total numbers in holding BUT there is "The Risk" -what if market doesn''t go down significantly?? Further the average cost would seem to be higher once we re-purchase those stocks back in addition to brokerages (two ways).
2) Since stock prices would be down actually due to FII pulling out and their sales, which would rebound back -its batter to put-in addition money and purchase more on each fall without selling. This way "The Risk" is of not fully reaping the significant falls (if at all) but would save us from the in-significant falls (as we discussed in step-1). Its less risky to those who eventually want to remain invested. The additional wind-fall could be the return of those same FIIs and their purchases back would take the stock to another level in addition to the recoveries.
I have checked the financial statement of the company thoroughly It is an one family oriented business therefore It is possibility to not follow -up and some issue in applicable of corporate governance. Further, I have an issue in profit of the company. From the year 2014 the price of Metal and Plastic granules are very low in international market due to over production in metal and low demand and crude price at lowest level which impact granules price. After the availability of cheapest raw material in current scenario, the profit of the company is only 5% which will be not survive when the crude & metal price rise. Replacement cost of machinery is very high. Current Ratio is less than 1 which reflects that the company is not a cash rich company and short term funds used in long term funds. Grey market premium is 80-82 which comes only after 150 times over subscribed by HNI category. In my opinion it can not be possible.
Basic EPS, on consolidated basis for 2015-16 Rs. 20.60 Return on Net worth on consolidated basis for 15-16 : 19.93%,Book Value as on 31.3.2016 Rs. 103.38
Be careful before applying.this is fully of of shares hold by inventors.full amount of IPO will go to investors.not a single rupee will go to co.account.