Tuesday, September 1, 2009

BOOK PROFIT IN DIAMOND POWER


Sir,
Presently i am holding 500 share of diamond cable.Recently it has announced bonus of 1:3 ratio in march .Til now ex bonus date was not given.Is it better to sell this stock @ 215 ??
ASK BY SHRI TEJA JI FROM MAIL

1.Diamonds cables change his name diamond power and infrastructures ltd.
promoter holding in diamond power and infrastructure is 49.57 percent but that pledged his 28.76 percent holding this show high debt of company and debt/equity ratio is 1.27
2.Diamond cables book value is 71.80 at March 2008.
3.Diamond power and infrastructure net profit is down in June 09 and reach at 139.48 cr vs. 193.40 cr at June 08.
4.In 16 mar 2009 it price is 61.20 and share give you almost 4 time return and you are right they declare bonus share and say record date is declare after AGM but no date is declare till day.
5.so I think this is not wise to wait bonus date because it price automatic reduce 1/3 after ex bonus as a bonus adjustment so bonus give only psychological effect on retail investors and after bonus equity is diluted.


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