Monday, February 14, 2011

POSITIVE ON BARTRONICS INDIA LTD

Hi Mahesh,
Mahesh, what is your view on "Bartronics"....it is going down constantly...is it time to buy?
ask by shri hashmi

1. bartronics India ltd is a misc. Commercial service company with 10 rupees face value.
2. 52 week high for this share is 167 and 52 week low is 59.05 currently share traded near 67 and under perform this market .
3. The Company proposed expansion of MCD Aapke Dwar Project (Government to Citizen (G2C) services) beyond MCD Areas.
3. bartronics India ltd have approved the resolution to issue and allota. 22,00,000 Equity Shares and 63,00,000 Warrants convertible into Equity Shares of Rs. 10/- each at a premium of Rs. 222/- each to promoters and promoter group.b. 4,93,065 Equity Shares and 20,00,000 warrants convertible into Equity Shares of Rs. 10/- each at a premium of Rs. 152.25 each to non promotersUnder Section 81(1A) of the Companies Act, 1956 by way of Preferential Allotment.
This point show promoters believe in there company so they increase there holding @ 232 so currant market price 149 is not bad for general investor I think it is good to buy in this share in every fall but share show short term downfall so not to buy all of your position at once because there are chance to touch more lower level.
4. huge bulk deals in bartronics india ltd shown operators interest in bartronics stock.
CLICK HERE FOR DETAIL OF BULK DEAL IN BSE INDIA SITE
5. Due to his low promoter holding 27.40 percent bartronics always show operators and speculation interest.
6. Book value of this share is 99.25 so this is a value buying at currant level .
7. Overall my view is positive on this company because increase in promoter holding @232 is a good point but weakness on monthly chart, lake of heavy projects (only one projects MCD apke dwar is a dream projects for company), is partially nagative points.
8. debt/equity ratio is 1.79 is also show a high debt company.
KEY WORDS:- buy sell hold tips intraday future option F&O in bartronics india target for march 2010

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