Sunday, April 13, 2014

MAJESTIC AUTO LTD

Please throw light on MAJESTIC AUTO LTD ask by Harish equety. 
1. MAJESTIC AUTO LTD is a 2/3 wheeler 's auto company. 
2. Face value of MAJESTIC AUTO LTD stock is 10. 
3.Year high of MAJESTIC AUTO LTD is 48-85 and year low 24.15 stock traded at 42.75 that are normal. 
4.Promoters holding in MAJESTIC AUTO LTD is 75 % FII holding 0.02 % DII holding 0.84% , So holding pattern is also good. 
5.Now we come on main problem of this stock in 2012-13 MAJESTIC AUTO LTD is a loss making stock and his net income in 2012-13 is 155.43 cr and company have a net loss of 5.85 cr ,Now total revenue is down in DEC 2013 net revenue of stock is 20.95 cr but stock earn a net profit of 62.76 cr so profit from extraordinary items are not a recurring profit and once it is adjusted then stock is down again. 
6. So i think something is wrong cooking in this company and it is wise to avoid this stock as this time. 
7. I have no any stock of MAJESTIC AUTO LTD.

3 comments:

  1. Dear Sir, i have invested in MTNL, MANALI PETRO, COUNTRY CLUB, GUJ SIDHEE CEMENT. they are 18-23% now. should i book profit or stay invested?

    madhav

    ReplyDelete
  2. Hi

    This is regarding an HFL company, DHFL. As compared to its peers, like Gruh finance, LIC housing finance it is trading at a cheap P/E, way lesser than its P/B. Any reason as to why is it trading so low. What is your perspective?

    ReplyDelete
  3. Your reply is publish as a new article

    ReplyDelete

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