Sunday, August 11, 2013

Bilcare Ltd: Avoid

Hello mahesh ji. This is reddy, what is your view on bilcare ltd. Ask by Anand Reddy. 
1. Bilcare Ltd is a 10 rupee face value Healthcare Supplies company. 
2. Year High of Bilcare Ltd is 267.30 and Year low 36.40 stock traded at 42.45 So Year high\ low ratio is 7.34, Year high/ year low ratio is very abnormal where this stock down more than 80% stock traded just on year low, we like a share when year high/low ratio is below 2 and stock traded near year high. 
3. Promoters of Bilcare Ltd Hold 32.61 % FII hold 1.51 % and 1.33 %hold by DII so Promoter's holding is normal. 
4. Bilcare Ltd last year give2. 00 Rupee per share dividend. 5. Recent heavy bulk deal recorded at 21.03.13 Bilcare Ltd So, this is a sign of speculation normally I avoid a stock which has a recent bulk deal in last 2 years. 
6. My overall view is negative due to 80%+ downside from year high and recent bulk deals.
7.I Have no any share of Bilcare Ltd.

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