Wednesday, September 29, 2010

Low Price High Volume Stocks : Analysis

  • Cals Refineries  :  A 214 Cr. Mkt Cap Entity from Petroleum sector.(CMP 0.27) 
  • Beckons Industries :  MKT Cap : 64 Cr.  CMP 7.70 (-0.41,-5.06%) Sector : Paper
The company had a very good Q1 result. Total income jumped by 3621% to 49.7 cr from a paltry 1.34 cr in Jun 09 while QoQ growth was approx 13% in sales and 14% in PAT.Debt-Equity ratio stands at just 0.04. Certainly a very good value stock. The business in which it is invested is also pretty interesting and futuristic.
Recently it has struck deal with a German company for ramping up its bio-diesel plant. Big deals happening every day.It has AGM tomorrow after market hours. So, after today's fall there's a lot of chances for this stock to bounce back.(Vol : around 2.1 Cr shares)

The company has a fairly good financial book with a good growth on every counter. Yet the stock has got an avoid recommendation from almost every analyst.The mining industry might have issues in the future as the environment ministry is getting tough on them. It is a major player in Iron Ore business and sales value are about 526 Cr.The company has recently (15th Sept) given bonus as well as has been split into 1:2 ratio and 1:10 ratio respectively. So the stock has fallen from the levels of 70 to lows of 2.3. The stock shows a lot of potential and should be tracked. (Vol : around 51 Lakh shares)

  • Avon Corporation : MKT CAP : 37 Cr. CMP : 5.56 Vol : 42 Lakh Shares
An Electronic Products & Weighing Machine making company.It reported a low income for the last quarter but the PAT have improved considerably.The stock prices have been taking a beating for the past 1 month.But it has a strong support at around 5.5 levels.

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