Wednesday, September 16, 2009

RAMCO INDUSTRY END OF BONUS AND SPILT STORY


Hi Mahesh,...Do I invest in Ramco Industries Ltd.?
Thanks and Regards, ASK BY SHRI Om JI


1.Ramco industry is a T group share with only 1 rupees face value.
2. Ramco industry is a cement company in small cap sectors.
3.Ramco industries 52 week high low is 1385.25 (08 Sep' 09) / 66.05 (14 Sep' 09).
4.Ramco industries Increase of Authorized Share Capital of the Company to Rs 20 Crores and give 1:1 bonus share and stock spilt from rs 10 to 1.
5.So price variation between high and low due to spilt and bonus adjustment.
6.please try to understand price hike on such type of stock is because that before bonus or spilt company have only 43,33,153 share and general public hold only 21,43,092 share and when such small quantity of share hold by general public and demand is high or supply of low then price hike is possible .
7.but after bonus and spilt quantity of share is multiply by 20 and now total share is 8,66,63,060 all the 1 rupees face value so in this situation price no more chance to multiple price hike
9.Because bonus and spilt story is end now our thinking is to enter a share before start of story not after the end of story. so we do not like this share now.
THIS ANALYSIS IS MAHESH CHANDER KAUSHIK OPINION ONLY NOT A PROFESSIONAL ADVICE SO READ DISCLAIMER BEFORE TAKE ANY ACTION.
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