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.

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.

Wednesday, April 2, 2014

Fortis Healthcare ltd : Avoid

Hello Sir - Could you provide your views on Fortis Healthcare at CMP. I am a long term investor. Thank you Goverdhan 
1. Goverdhan ji, Fortis Healthcare ltd is a 10 rupee face value healthcare stock which traded at 97. 
2. Year high of Fortis Healthcare ltd is 114 and year low 84 both are normal ( new reader of my blog please note when year high/ low ratio is below 2 then we assume that stock is stable and have a limited downside ). 
3. Promoters holding in Fortis Healthcare ltd is 71.34 % FII hold 8.77 % and DII hold 1.28 % , Promoters reduce their holding from 81.48% to 75 % then 71.92 % and now it is 71.34% this is very bad and i do not like reducing promoters holding because as my past experience if promoters reduce their holdings then in 90 % cases stock is beaten down.
4.Fortis Healthcare ltd never pay dividends which is a negative point as my theory i invest in dividend paying stocks because if my holding period is long then i got dividends in my holding period. 
5. Bulk deals also show speculation activity.  Fortis Healthcare ltd EPS is very low like 0.41 and 0.21 in a quarter. 
6. So my view is negative for Fortis Healthcare ltd and i think you may consider Indraprastha medical in healthcare sector if you not read my article about Indraprastha medical then read it here Indraprastha-medical-corp ltd
7. I have no any share of Fortis Healthcare ltd.

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