Sunday, September 23, 2012


Hello Mahesh ji...
We are benefiting with your detailed analysis on the stocks. Could let us know your views on Gujarat State Petronet Ltd.? ask by Goverdhan ji
1. GUJARAT STATE PETRONET LTD is a 10 rupee face value stock with book value of 44.91 stock currently traded at 77 so it is just traded near double of book value.
2. Year high of GUJARAT STATE PETRONET LTD is 107.35 and year low 62.05 which is normal.
3.GUJARAT STATE PETRONET LTD June 2012 revenue is 270 Cr and net profit 124 Cr how it is possible? this mean company earn near 50% margin , i think this type of margin is risky and when margin is down stock is also down.
4. promoters holding in GUJARAT STATE PETRONET LTD is 37.73 % and FII holding 2.87 % and FII continue decrease his holdings in this stock which is not a good sign.
5.i think we will wait below 40 to this stock any speculative run may be possible in short term due to high delivery volume near 46 % but i think it is a distribution from large player selling to general public.
6. my view is clear AVOID

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