Friday, November 6, 2009

SIRPUR GOLD END OF SPECULATION STORY


Hi, I have bought 245 share of Shirpur Gold @190.00 CMP of the same is Rs.172.00. can you please tell me about the future of this company. I could hold this share for a year. Thanks, Zainuddin Y. Bookwala
1. sirpur gold is a loss making share of T group. Net loss is -43.87 million in June 2009 quarter
2. Year low of shirpur gold is 36.05 at 4 dec 2008.
3. Promoters increase there holding in shirpur gold ltd from 29.21 percent to 48.91 percent.
4. FII hold 30.46 percent in this share.
5. Book value of shirpur gold is very poor only 5.49 rupees.
6. Company net sells is zero market price is only due to factoring it reserve per share.
7. We think this is a very poor T group company with very low book value make a rally only base of speculation or FII driven rally no fundamental support this share.
8. Do not consider reserve per share if loss is continuing this has been adjusted one day by loss.
9. Sorry sir I have great negative view about this share and think more downside remains.
THIS ANALYSIS IS MAHESH CHANDER KAUSHIK OPINION ONLY NOT A PROFESSIONAL ADVICE SO READ DISCLAIMER BEFORE TAKE ANY ACTION.

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