Monday, June 28, 2010

AVOID:APCOTEX INDUSTRIES


Hi Mahesh,
I wanted your opinion on - Apcotex Industries ask by shri vikas bargale

1
. apcotex industries is an auto tyre and rubber industries company with face value of 10 rupee per share.
2. book value of apcotex share is 122.29 so in currant market price 142.75 share is not so cheap and year low of apcotex industries is 50 only so I think this is not a fair buying value.
3. as you knew I strict against auto and banking sector and forecast already that auto and banking sector is good sector for profit booking not for buying.
4. apcotex industries promoter holding 57.11 percent quite good.
5. apcotex industries declare 5 rupee per share dividend and record date for this dividend is 16.07.2010

6. overall I think price of this share is very high and one could avoid this apcotex industries.

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