Scripscan:Kwality Dairy India Ltd
cmp:569
Code:531882
Story:If am not mistaken these scrip has been a 30 bagger over the last couple of years thanks to blatant rigging by some bombay based operators.Operator activities are still to be seen no matter how bad or good the environment be,Consider Kwality Dairy India Ltd, a company engaged in the dairy product business .Couple of bombay based operators are busy pushing the counter hard bigtime.Now a fall is inevitable and that would suggest that their accumulation has fizzled out and they have become active to exit the company.The sector which the company operates attracts npm to the tune of 1-3% and there are several established players giving stiff competition to these mentioned company.I would suggest investors to exit the counter and move on to better growth oriented comapanies where there are lot of safety and which are runned by great pedigrees.Kwality diary can be a near 600crs company but it makes a meagre 9crs profits.kwality"s equity is pegged at 18crs so a PAT of 9crs gives an EPS figure of just 5rs.At present price of 569 rs its discounts the price by a mind boggling 121times its trailing 09 earnings.A marketcap of over 1000crs is no way justified for these company.Since majority of the shareholding is with the promoters(84%) theres hardly any floating stock avilable making it a perfect pray for the operators.Am seeing some bigtime announcements from the company which can be the way of luring simple investors for sure.Who knows with operators participation it may well hit dizzy heights of 800-900 even 1000 but once stucked be rest assured it would turn out to be one of your biggest nightmares.Avoid buying craps and opt for better growth oriented companies suggested by myself to make a pot of money in the longer run.
Search This Blog(Over 800 companies covered in the blog).
Archives : Old artciles
Tuesday, September 8, 2009
Important Disclaimer&Privacy policy
This blog does not share personal information with third parties nor do we store any information about your visit to this blog other than to analyze and optimize your content and reading experience through the use of cookies.You can turn off the use of cookies at anytime by changing your specific browser settings.This privacy policy is subject to change without notice and was last updated on 20.3.2013. If you have any questions, feel free to contact me directly here: arunsharemarket@gmail.com
Investment in equity shares has its own risks.Sincere efforts have been made to present the right investment perspective.The information contained herein is based on analysis and up on sources that I consider reliable. I,however,do not vouch for the accuracy or the completeness thereof.This material is for personal information and am not responsible for any loss incurred based upon it & take no responsibility whatsoever for any financial profits or loss which may arise from the recommendations above.The stock price projections shown are not necessarily indicative of future price performance.The information herein, together with all estimates and forecasts, can change without notice.
