Saturday, September 12, 2009

flawless diamond ltd stock spilt


Could you please give me your comments on flawless diamonds- ask by shri SURESH KUMAR JI
1. Flawless diamond India ltd promoters hold 21.41 percent and no pledged share promoter holding is very low in this company.
2. Flawless diamond is a 10 rupee face value share declares stock spilt from 10 rupee to 1 rupee at 05.11.2009 so price movement is due to stock spilt.
3. in June 09 flawless diamond ltd net profit only 54.38 million it is down compare to June 08 profit of 77.91 million
4. Flawless diamond share book value is 48.53.
5. my view is neutral in this company neither very positive due to low promoter holding and high beta stock ( beta 1.67) nor very negative due to stock spilt declaration and I think in next 1 month a trading move is expected.
THIS ANALYSIS IS MAHESH CHANDER KAUSHIK OPINION ONLY NOT A PROFESSIONAL ADVICE SO READ DISCLAIMER BEFORE TAKE ANY ACTION.
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