Tuesday, November 18, 2014

Shilpi cables technologies Ltd : AVOID

Hi SIr, I have 2k shares of Shilpi cables technologies Ltd at 60 rs. I got bonus and dividend also.Sir please guide whether to hold this stock or to sell. Since its given a bonus its looks like fundamentally good stock.How many months/years should i hold this stock. Please share your thoughts Thanks Sagar patil 
1. Sagar ji please do not buy such a huge quantity at once when you buy a stock then first buy only 1/10 part of your required amount then wait some time for correction because price of stocks are always cyclic and every year we have 2-3 chance when every stock is traded at very attractive price.
 2. Second point bonus is not a sign of fundamental strongness , bonus issue is dilute stock equity and impact negatively on a stock price. 
3. Shilpi cables technologies Ltd is a 10 rupee face value electrical cable company. 
4. Year high of Shilpi cables technologies Ltd is 78.50 and year low 8.40, oh I wonder that why people buy a share when it run 10 times within a year, in my theory i am not buy a stock where year high/low is above 2( read my book for details). 
5.Promoters of Shilpi cables technologies Ltd hold 34.04% and FII hold 13.71% which is normal. 
6. Overall my view is negative for Shilpi cables technologies Ltd due to recent bonus and in-stable year high/ year low ratio ( if you read my book then you familiar that I am not buy a stock who give bonus in last 2 year and where year high/ low is above 2). 
7. Discloser:- I have no any share of Shilpi cables technologies Ltd.

3 comments:

  1. Hi Mahesh,

    I want to know your views on "SHIVAM AUTOTECH LTD".
    I had bought this few months back at Rs.63.
    Now it has touched Rs.78 - Around 23% profit.
    I want to know your view on this stock - is it good to hold, add more or sell?

    Thank you very much for helping out.

    Regards,
    Narendra

    ReplyDelete
  2. Hi Sir,

    Great to see your helping nature and precious suggestions. I am new to market. Purchased VIKASGLOBALONE Ltd. of 35,000 shares at 16.8 r.s. and now trading at 6.95 r.s because of bonus issue. Can I hold or sell, please advise sir.

    Kind Regards,
    SJ

    ReplyDelete
  3. Hi Sir,

    Great to see your helping nature and precious suggestions. I am new to market. Purchased VIKASGLOBALONE Ltd. of 35,000 shares at 16.8 r.s. and now trading at 6.95 r.s because of bonus issue. Can I hold or sell, please advise sir.

    Kind Regards,
    SJ

    ReplyDelete

please remember for preventing spam comments moderation is enable for this blog so your comments will be publish after approval of Mahesh chander kaushik

Matched Content

My Youtube Channel

Blog Archive

हिन्दी वेबपेज आफ महेश कौशिक डाट कोम