Wednesday, June 9, 2010

AVOID : G I ENGINEERING


Sirji,
What’s Ur view on GI Engineering? From last few days it is trading in very high volume and also effect of change in sensex vale on this stock seems less? Is it a value pick?
Thnx in advance
-Neo

1.G I ENGINEERING SOLUTIONS LTD is a construction share of 10 rupees face value.
2. 52 week low of G I engineering is 5.83 only and you knew I always try to buy a share near it 52 week low , so this point is against my concept this stock run near it 52 week high.
3. in march 2010 promoter holding 43.65 percent but in march 2009 this is 59.12 in December 2009 it is 50.04 so promoter of company continue reduce ( dilute) there holding this is a great negative point for me.
4. In price of 25.95 a bulk deal of 50000 shares in sell side also shown so it is another great negative point.
5. book value of this share 42.51 is a good point so in view of book value this is a value buying.
6. So I think you may avoid this stock at currant level. My personal holding in this stock is zero

KEY WORDS:- BUY SELL HOLD IN G I ENGINEERING TARGET JULY 2010

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