Scripscan:Western India Shipyard Ltd
Code:531217
cmp:14
Story:Western India Shipyard is engaged in building and repairing ships. It operates as a composite ship repair facility in India. It offers ship services, including routine maintenance and damage repairs.The company has been buzzing bigtime since it bagged an order worth Rs 5 crore for the repair of a deep water oil rig named JUR Noble Ed Holt.The small-cap stock had outperformed the market over the past one month till 11 December 2009, rising 14.65% as compared to the Sensex's 1.60% rise. It had underperformed the market in the past one quarter, falling 8.28% as compared to the Sensex's return of 5.26%.Western India Shipyard reported a net loss of Rs 4.47 crore in Q2 September 2009, lower than net loss of Rs 7.33 crore in Q2 September 2008. Net sales declined 15.4% to Rs 17.24 crore in Q2 September 2009 over Q2 September 2008.Shipyard industry gets negligible valuations to the tune of 4-6 PE whereas western india being a deep losing making company is already attracting a valuations of over 150 crores.In no ways the second run stock can command premium valuations than its larger peers.Its a FV 2 company so dont make an entry into it for saking of keeping a penny priced stock in portfolio.Its in a momentum and thus the spike but ones it fizzles out retail guys can have a tough time.Suggestion would be to exit at higher levels or at present levels to move into better growth oriented stock.
Monday, December 14, 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.
