Thursday, February 14, 2013

kilitch Drugs India Ltd:AVOID

Please let me know whether I can buy Kilitch Drugs (India) Ltd shares in the present value. What is your analyses of the above share. Ask by Nagarajams
1. Kilitch Drugs (India) Ltd is a 10 rupee face value pharmaceutical company which is trading at 28.50 just on his 52 week low so technically stock is very poor. 
2. Year high for Kilitch Drugs (India) Ltd is 90.50 and year low 28.50 , please avoid a stock if " stock traded more than 50% below from his year high because it is showing something is fundamentally wrong because good stocks never fall more than 50% within a year. 
3. Promoters of Kilitch Drugs (India) Ltd hold 63.43 % which is good. 
4. Former price rising in Kilitch Drugs (India) Ltd was based on Special Interim dividend @ 300% (i.e. Rs.30/- per equity share of Rs.10/- each) on the equity shares of the Company which declared on 30 Aug 2012. 
5. Finally Kilitch Drugs India Ltd at its meeting held on January 15, 2013, was decided to disinvest company's entire stake held in Eye Kare Kilitch Ltd, being a non-listed Company, as the Board of Directors do not envisage any increase in growth on the said investment without any additional infusion of funds, which the Board does not find it feasible. 
6. So overall all news in company is cool down and i think this is a clear AVOID. 
7. I have no any stock of Kilitch Drugs India Ltd.

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