Dear Sir,
Am regular visitor of your blog. If possible could you please give some of your views on Farmax India Stock as i am very fascinated about the stock .
Regards
Sunil
1. Farmax india ltd is house hold product company with 1 rupee face value so i think face value of company is low.
2. Farmax india ltd is also an indo next company which i describe in my earlier article of jupiter biosciences ltd that i not like indo next companies for investment.
3. Book value of farmax india ltd is 1.47 only so very low book value make share more risky.
4. 52 week high of farmax india ltd is 46 and 52 week low 3.60 so share correct 90% from year high and still traded four time of his book value 1.47 so i think investments in this company very risky and when a stock show this type of correction than it is clear that something is fundamentally wrong with stock and in my language this is end of speculation rally and stock enter in sleep zone for next 2-3 years.
5. Company march 2011 result is very bad show net loss of -2.37
6. Promoter's of farmax india ltd of 27.53 %
7. So my view is nagative for farmax india ltd and i have no any stocks of farmax india ltd
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