Wednesday, September 9, 2009

JSW HOLDINGS LTD ALREADY GIVE 525 PERCENT

Sir I want to knew your opinion about JSW holding- ask by shri Deepak songoji
1. JSW holdings ltd promoters hold 55.89 percent and intuitional holding is 17.84 percent.
2. Promoters hold more than 50 percent and no pledged share so this is a positive sign to company growth.
3. But in June 09 company net profit only 0.50 million and EPS of June 09 is 0.40 only in last year 2008-09 jsw holdings ltd EPS is 32.70 so share traded at P/E multiple of 34.5 of FY 08-09 earnings and June 09 EPS only 0.40 is very poor and I wonder that why this share traded at such high price?
4. One reason for this high price of JSW holdings is that it book value 556.30 is highest compare to other holding companies but current price is 2 time high then book value of JSW holdings ltd.
5. Second reason JSW holding is a zero debt company but this is not a reason to give such high valuation for it.
6. JSW holdings year low is 193 and year high is 1165. This share traded near at his year high and already gives 525% return in this year. so I think one should avoid this share.
THIS ANALYSIS IS MAHESH CHANDER KAUSHIK OPINION ONLY NOT A PROFESSIONAL ADVICE SO READ DISCLAIMER BEFORE TAKE ANY ACTION.

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