Sunday, December 19, 2010

VAIBHAV GEMS LTD : VALUE BUY


Hi Mahesh,
This is the first time I’m writing to you. Need some advice on Vaibhav Gems. Is it a good buy at this level (priced at about Rs. 21)?
Thanks,
( sorry unfortunatlly i delete this mail and forget asker name i think may be "aruna" is asker name)
1. Vaibhav gems ltd is a 10 rupee face value gems and stone company.
2. 52 week high of vaibhav gems is 43.50 and 52 week low 19.45 so current price 23 is near to 52 week low but book value of vaibhav gems is 93.20 so I think current price is a value buying for vaibhav gems.
3. Promoter holding in vaibhav gems is 13.38 % so low promoter holding makes this stock risky this is the reason for low valuation of vaibhav gems FII holding 20 % so I think this is FII driven stock and it may convert in penny stock when FII sell their holding.
4. Vaibhav gems give dividends from 2003 to 2007 but after 2007 there is no any dividend.
5. Overall I think this is a good but some risky share so you may hold it for decent returns.
6. I have no any share of vaibhav gems.

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