Monday, September 28, 2009

VALUE INDUSTRIES GOOD FOR LONG TERM BUT TRY TO CATCH BELOW 15


Hi Mahesh Ji,,I am keen follower of your blog and I really appreciate the views of your's on the stocks. I have one query,
Please can you advice me , whether the Value industries is a good pick now and if there is good growth for this stock in future
Thank you Sir,
Ask by shri Venkat ji
1. Value industries is a 10 rupees face value share traded at 19.30 near about it year high 21.20 (share touch his year high at 6 Aug 2009).
2. Value industries year low is 7.80 at 21 NOV 2008.
3. Promoters holding are 46.60 percent and they pledged his 22.31 percent holding so promoter holding is quite normal this company is promoted by dhoot group promoters of videocone industries so promoter of company is well reputed
4. In June 2009 LIC hold 852649 shares of value industries also good factors because LIC is one of largest DII in India.
5. June quarter EPS of value industries is only 0.46.
6. Equity capital of value industries is very high 392.10 million and this mean total share of value industries is 39.21 million this huge quantity of share diluted EPS and generally when equity capital is high share rise slowly due to simple demand and supply concept.
7. Value Industries Ltd has informed BSE that the Board of Directors of the Company at its meeting held on July 31, 2009, inter alias, has approved forfeiture of 127,684 Equity Shares of face value of Rs 10/- in respect of which the allotment / call money were due and unpaid. It mean some investors of company do not like to pay due amount for company a negative sign.
8. Book value of this company is 113.98 very high book value means a good positive fundamental.
9. overall I will like to invest this company because of good promoters and good book value but not very positive and hurry up buying if you already hold this company then hold it for long term and if one can want to make a new investment than buy 50 percent at current price and wait for a fall and try to catch it in area of 12-15.

THIS ANALYSIS IS MAHESH CHANDER KAUSHIK OPINION ONLY NOT A PROFESSIONAL ADVICE SO READ DISCLAIMER BEFORE TAKE ANY ACTION.
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1 comment:

  1. Thank you Mahesh Sir Ji for a valuable comments and taking your time and efforts for the same...

    God Bless You!

    Regards
    Venkat

    ReplyDelete

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