Monday, August 6, 2012

Pioneer Investcorp Ltd : HOLD

Mahesh Ji,
Please give your expert view on Pioneer Investcorp Ltd.(507864)
I have 1000@50 RS. Shall i accumulate more at this stage.?
From Raju P.
1. Pioneer Investcorp Ltd is a 10 rupee face value financial service stock.
2.year high of Pioneer Investcorp Ltd is 48 and year low 22 stock traded at 23 so i think this is a bear pattern.
3.Promoters holding in Pioneer Investcorp Ltd is 50.97 and FII hold 4.64 % that's good.
4. My estimated one year Net revenue ( net sell do not confuse with net profit ) per share is near 8.32 so i think CMP 23 is high and stock may down near 8-12 ....read this article for understanding this new concept of fundamental analysis
NET REVENUE PER SHARE CONCEPT FOR FUNDAMENTAL TARGET PRICE OF A SHARE
5.But stock is not so bad because of good promoters holding and dividend paying ( Pioneer Investcorp Ltd give 0.50 per share dividend at 1 Sept 2012 ) i think you may hold it and average out it below 12
6. So my view is HOLD , i have no any stock of Pioneer Investcorp Ltd .

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