Saturday, January 5, 2013

AVOID:STURDY INDUSTRIES LTD

Sir, I recently purchased 500 shares of Sturdy Industries. Please can give your valuable suggestions of this share. Thanks Yograj
1. STURDY INDUSTRIES LTD is a 2 rupee face value plastic product company.
2. Year high for STURDY INDUSTRIES LTD is 5.33 year low 2.52 and the stock traded near 3.91
3. Promoter's holding is 51.78% and they reduce it from 55.67 % , this is a great negative concern for stock.
4. Many of heavy bulk deals also shown a speculative activity and I think promoters may further reduce their holding in STURDY INDUSTRIES LTD.
5. So my view is AVOID for STURDY INDUSTRIES LTD , i have no any share of STURDY INDUSTRIES LTD.

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