Saturday, October 25, 2014

Vardhman Textiles ltd : Positive ( Best Below 300 )

Hi Mahesh Ji, Vardhman Textiles, is trading bellow book price. Can you pls share your advice. Regards, Ganapathi M
1.Vardhman Textiles Ltd is a 10 rupee face value textile company. 
2. Year high of Vardhman Textile Ltd is 529 and year low 324.10 Stock currently traded at 418.25. 
3. Promoters of Vardhman Textile Ltd hold 61.85% and FII hold 8%, DII also hold 13.04% ,So this pattern is good, because I like a stock where general public holding is low.
 In share market term general public holding is known as weak hands because they easily sell their holding in any bad news.
4.Vardhman Textiles ltd give 4.5 to 6.00 rupee dividend per year. 
5. Vardhman Textile Ltd stock has no any bulk deal in last 2 year this is also a sign of stability. 
6.Net revenue per share of Vardhman Textiles ltd is 820 so I think this stock have potential to touch 800+ price in near future..for more detail of this unique concept of net revenue per share per year read my book.
( Please note my book on flipkart has temporary out of stock, due to huge demand and low supply from USA but seller on Flipkart import more books and may be available again on flipkart in next 2-3 business days). 
7.Base Price of Vardhman Textiles ltd is 290, So I think if this stock is available below 300 in any market fall then this is a best buy but currant price is also good due to net revenue per share per year. 
8. I have no any stock of Vardhman Textiles ltd.

Wednesday, October 1, 2014

California Software Company Ltd: Risky

Hi Mahesh , Thanks for your advice ... Can you please have a look at this company " California Software" : considering Glencore ( fortune 10 ) has 100% stake in parent entity and they are also increasing their shares.. Regards, sherin
1.California Software company ltd is a 10 rupee face value IT company. 
2. Year high of California Software company ltd is 10.33 and year low 4.10 
3.California Software company ltd pay 2 rupee per share divided in 2010 and 1 rupee divided in 2008. 
4. Promoters of California Software company ltd is hold 70.71 % stake. (No any increasing in last some quarter)
5. California Software company ltd is included in BSE group Z company , The BSE 'Z' group  includes companies which have failed to comply with its listing requirements and have failed to resolve investor complaints or have not made the required arrangements with both the depositories, like CDSL and NSDL for de-materialization of their securities. So that is the reason of California Software Company Ltd low trading price. 
6.California Software Company Ltd not declare their results after December 2013. 
7. My view is negative for California Software due to poor corporate governance, Why we buy this type of risky stock because several other good options are available at market.
 8. I have no any share of California Software.

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