Sunday, July 12, 2015

Shree Hari Chemicals Exports Ltd

Dear Mahesh ji,Wanted your views on Shree Hari Chemicals. Its a debt free company, promoters stake is around 48%, dividend paying co. however, high low ratio is bit high. So can u help me. Regards Ripal Gabhawala Id : 14574
1. Shree Hari Chemicals Exports Ltd is a 10 rupee face value stock which currently traded at 91.15
2. Book value of Shree Hari Chemicals Exports Ltd is 119.04 So CMP is below book value.
3. Year high of Shree Hari Chemicals Exports Ltd is 193.85 year low 65.60 , Year high/low ratio is above 2 , which is a concern, because I think when a stock down more then 50% within a year then revival in stock price may be take more time. so in this type of stock your holding period is long for decent gains.
4. Promoters holding in Shree Hari Chemicals Exports Ltd is 48.18 % and they increase it from 46.25 %, that's good.
5. Shree Hari Chemicals Exports Ltd is a dividend paying company and pay 1 rupee dividend in last year.
6. Shree Hari Chemicals Exports Ltd have too many bulk deals see details of these bulk deals here
DealDate
Type
Qty
Rate
T/O (Cr.)
19/06/2015
B
18576
115.72
0.21
19/06/2015
S
41600
107.49
0.45
18/06/2015
B
27024
120.02
0.32
29/05/2015
B
23573
148.60
0.35
24/02/2015
B
25000
142.00
0.36
so these bulk deals also shown speculative activity/ price instability in this stock and in my theory I avoid a stock which have bulk deals in last 2 years.
7.Net sale per share is 294 which is also good.
8. So overall stock is good in fundamental criteria s but may be risky due to recent bulk deals and in-stable year high/low ratio.
Click here to download last 3 year closing price with graph
9.Discloser:- I Mahesh Chander Kaushik author of this research report is an existing research analyst and passed NISM certification for research analysts. I am also applied for a grant of registration under SEBI(RESEARCH ANALYSTS) REGULATIONS, 2014 hereby disclose about my financial interest in the subject company and the nature of such financial interest:- 1 Me and my associates or relatives have no any stocks of Shree Hari Chemicals Exports Ltd company so my personal interest is not included in this stock. 2. Me and my associates or relatives have not any actual/beneficial ownership of one percent or more securities of the subject company(Shree Hari Chemicals Exports Ltd). 3. Me and my associates or relatives have not any other material conflict of interest at the time of publication of the research report. 4. Me and my associates or relatives have not not received any type of compensation from the subject company(Shree Hari Chemicals Exports Ltd) in the past twelve months. 5. I am not served as an officer, director or employee of the subject company(Shree Hari Chemicals Exports Ltd). 6. I have been not engaged in market making activity for the subject company(Shree Hari Chemicals Exports Ltd).

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