Dear Mahesh Sir,
Please advice me on UJJAS ENERGY. If it is fundamentally good then at what price we accumulate it and what is the target from long term perspective? ask by Pankaj Kumar
1.Ujaas Energy Limited is a 1 rupee face value heavy equipment company.
2. Year high of Ujaas Energy Limited is 42.10 and Year low 8.55 stock traded at 15.30 ,I think you not read my book yet because year high/year low of this stock is near 5 which is horrible for me, because this type of year high/low ratio show " Stock have a speculation steam for some time and now all of steam is gone."
3. Promoters holding in Ujaas Energy Limited is 70.69 % which is good.
4. Net selling and net profit of this stock also down more then 75 % this situation is dangerous and I think one should quit from this stock.
5. Recent stock spilt and many bulk deals are other negative points for this stock.
6. My view is negative for Ujaas Energy Limited and I have no any share of Ujaas Energy Limited.