SHIRPUR GOLD REFINERY LTD:NEGATIVE

Iam Raju Patil , Is a small investor. Requesting you to please give your expert view on "Shirpur Gold. (512289)". After Budget what is the impact on this script? So shall i invest more in this stock at present condition Or Wait Or Exit.....what are the future prospects of this company. Please give your valuable advice......
1. Raju ji ,i remember in 8 may 2011 i give my negative view on shirpur gold at your question when this stock is traded at 128 and after my views stock fall to 58 in Nov 2011 .i think you already read this former view at this link
http://sharegenius.blogspot.in/2011/05/shirpur-gold-refinery-ltd-nagative.html
AND
http://sharegenius.blogspot.com/2009/11/sirpur-gold-end-of-speculation-story.html
 2.SHIRPUR GOLD REFINERY LTD is a 10 rupee face value gold refine company. SHIRPUR GOLD REFINERY LTD is belonged to BSE T group share where company equity is low , read this article to understand rally in group T companies ...
http://sharegenius.blogspot.com/2009/11/what-are-factors-that-make-well-pack.html
3. year high of SHIRPUR GOLD REFINERY LTD is 146.50 and year low is 58 stock traded near 128 so this ratio is good in my basic concepts of investing.
4. promoters holding is 72.71 % and FII hold 3.07 % FII increase there holding from 0.60 % so this is good.
5. But heavy bulk deals in sell side is still continue this is a great negative point which hide all of positive points in point 1 to 3 of this article so i think this is the time to exit ( as big player exit from bulk deals) read these bulk deal details from BSE site on this link ( after open the link enter stock code 512289 and choose date range for see details of bulk deals)
http://www.bseindia.com/stockinfo/BulknBlockDeals.aspx
6. so in a rally share of shirpur gold may be makes new highs but i do not change my views on this company because big players exit in every rise so my view is negative for SHIRPUR GOLD REFINERY LTD , i have no any stock of SHIRPUR GOLD REFINERY LTD.

SHIRPUR GOLD REFINERY LTD :NAGATIVE

Sir,
While surfing, I found your names as an investor in share market & giving your opinion on the stock.
I am Raju M. Patil working in ROLTA.
I am also small investor. Requesting you to please give your expert view on "Shirpur Gold. (512289)". I have already taken 1000 @ 20 So shall I invest more in this stock at present condition Or Wair or Exit.....? Please give your valuable advice......Waiting your reply. Thanks


Raju


1. SHIRPUR GOLD REFINERY LTD is a 10 rupee face value share.
2. Book value of SHIRPUR GOLD REFINERY LTD is 84.86 so market price 113 is higher than it book value.
3. 52 week high of SHIRPUR GOLD REFINERY LTD is 238 and 52 week low is 85 so I think stock see more then 50 % correction from year high and normally this is not a good sign.
4. SHIRPUR GOLD REFINERY LTD has no profits so I think it is not good to give such high valuation for a loss making company.
5. Promoter holding in SHIRPUR GOLD REFINERY LTD is 72.71 % is good.
6. In 27.07.2010 C S ORBIT INVESTMENTS LTD sell 80238 shares of SHIRPUR GOLD REFINERY LTD @ 220.77 I think after this bulk sell steam of this stock is lost and stock may be enter in long sideways move.
7. I have no any share of SHIRPUR GOLD REFINERY LTD.

SIRPUR GOLD END OF SPECULATION STORY

Hi, I have bought 245 share of Shirpur Gold @190.00 CMP of the same is Rs.172.00. can you please tell me about the future of this company. I could hold this share for a year. Thanks, Zainuddin Y. Bookwala
1. sirpur gold is a loss making share of T group. Net loss is -43.87 million in June 2009 quarter
2. Year low of shirpur gold is 36.05 at 4 dec 2008.
3. Promoters increase there holding in shirpur gold ltd from 29.21 percent to 48.91 percent.
4. FII hold 30.46 percent in this share.
5. Book value of shirpur gold is very poor only 5.49 rupees.
6. Company net sells is zero market price is only due to factoring it reserve per share.
7. We think this is a very poor T group company with very low book value make a rally only base of speculation or FII driven rally no fundamental support this share.
8. Do not consider reserve per share if loss is continuing this has been adjusted one day by loss.
9. Sorry sir I have great negative view about this share and think more downside remains.
THIS ANALYSIS IS MAHESH CHANDER KAUSHIK OPINION ONLY NOT A PROFESSIONAL ADVICE SO READ DISCLAIMER BEFORE TAKE ANY ACTION.