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.
Dear Sir, i have invested in MTNL, MANALI PETRO, COUNTRY CLUB, GUJ SIDHEE CEMENT. they are 18-23% now. should i book profit or stay invested?
ReplyDeletemadhav
Hi
ReplyDeleteThis is regarding an HFL company, DHFL. As compared to its peers, like Gruh finance, LIC housing finance it is trading at a cheap P/E, way lesser than its P/B. Any reason as to why is it trading so low. What is your perspective?
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