Friday, March 26, 2010

GLORY POLYFILMS : COOL DOWN STORY

dear maheshji,
i hav 1000 shares of glory polyfilms @ 24 rs.this stock is not moving from 3 months.plz advise...........ask by shri divya jyoti ji

1. Glory polyfilms is a B group company with 10 rupees face value.
2. glory polyfilms ltd make his year high of 47.35 at 27 march 2009
3. promoter of glory polyfilms hold 29.70 percent share and pledged his 55.18 percent holding so low promoter holding with pledged share is not good sign
4. This share march 2009 EPS is 2.80 so currently traded at P/E of 7 which is low P/E.
5. book value of glory polyfilms is 37.41 so share traded below it book value is a good sign for long term investment and book value is continue in uptrend in last 4 year.
6.So it is not a bed idea to hold your share for a target of 40 to 55 in coming years.

7. i give same view at 2 oct 2009 about this share and aspected price of 40 in coming 3-4 month but my view is fail and this share is not move but fundamentally this is not a bad company.
8. however this share make his all time high near about 208 in dec 2008 so this is a cool down story and you knew when a share cool down after a big run than waing period is long about 2-5 year.
THIS ANALYSIS IS MAHESH CHANDER KAUSHIK OPINION ONLY NOT A PROFESSIONAL ADVICE SO READ DISCLAIMER BEFORE TAKE ANY ACTION.

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