Tuesday, October 27, 2015

Zuari Global Ltd : Avoid

Dear Maheshji 

Please give your analysis on Zuari Global. Can I buy the Stock CMP 83.70.
B N Narayana
ID: 14583
1. Zuari Global Ltd is a 10 rupee face value Fertilizers company.
2. Year high of Zuari Global Ltd is 119 year low 77 and stock traded at 80.1, Year high/ low ratio is below 2 so as my theory current market price is a stable price, New readers please see my research terms at this link
3. Promoters of Zuari Global Ltd hold 64.96 %FII hold 0.57 % and DII hold 16.53% in Zuari Global Ltd. Promoters  pledged his 10.04% holding, Generally I not recommended a stock with pledged promoters stake.
4.Zuari Global Ltd has good dividend history pay 1 to 2 rupee dividednds in last 4 year.
5. No any bonus issue right issue and bulk deals is recorded  in last 2 year.
6. Zuari Global Ltd net sale per share of Fy 14-15 is 14.62.
7. Very low net sale per share in 2014-15 and last 2 quieter sales is only 0.50 and 0.58 cr so I fear due to huge down in sales this stock may be turn in a penny stock.
8. Book value of Zuari Global Ltd is 219 Book value is high but  due to low sales this point is ignorable.
8. I think this stock is a clear avoid due to huge fall in sales .
9. See my recent penny stock recommendation here
Click here to download last 3 year closing price with graph
10.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 registered under SEBI(RESEARCH ANALYSTS) REGULATIONS, 2014 ( SEBI Registration Number INH 100000908 ) 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 not hold any share of Zuari Global Ltd 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 ( Zuari Global 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  received any type of compensation from the subject company(Zuari Global Ltd) in the past twelve months. 5. I am not served as an officer, director or employee of the subject company ( Zuari Global Ltd). 6. I have been not engaged in market making activity for the subject company (Zuari Global Ltd).

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