Sunday, April 6, 2014

INDOWIND ENERGY LTD:AVOID

I have 2000 shares of Indowind energy @ Rs.4.So what is your take on this stock ?...Please tell me about the future expectations of this stock ....Thank you.ask by Varun vijaywargi. 
1.INDOWIND ENERGY LTD is a 10 rupee face value electric utility company. 
2. Year high of INDOWIND ENERGY LTD is 4.68 and year low 2.10, you buying this stock just near his year high.
3.Promoters holding in INDOWIND ENERGY LTD is 38.01% and promoter increase their holding from 36.22 % so this is a good point but promoters pledged his 11.73% shares so high debt is negative for INDOWIND ENERGY LTD.
4.INDOWIND ENERGY LTD shown a major decline in revenue and profit in Dec 2013 results and many bulk deals also shown in INDOWIND ENERGY LTD so this is a concern for stock health. 
5.Overall my view is negative for INDOWIND ENERGY LTD due to high debt, promoters pledged stocks, many bulk deals and major decline in revenues and profit. 
6. I have no any share of INDOWIND ENERGY LTD.

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