penny stock to buy Indian Stock Markets Bombay stock Exchange BSE Multibagger Pick
One of the latest penny stock in list of penny stocks to buy
BSE Code: 530611
NSE Code: NA
This is one of the gems in penny stock trading
and also a high growth stock in list of cheap penny stocks
As in all stock investments we have one research on this GEM
Total Sales in March 2009 quarter were Rs 20.08 Crores which have zoomed to Rs 145.18 Crores in March 2010 Quarter
Similarily net profit has zoomed from mere 14 lakhs to Rs 1.6 Crores
EPS For Last 2 Quarters is 2.4 Rs Which makes Annualized EPS at Rs 4,8
Sock is currently trading at Rs 5.61
Which makes PE value just Above 1.6 for high growth stock like this
Now lets see Price chart of last 1 Year
This Stock was trading in Range of Rs 20 to Rs 45 when the Promoters decided to split the stock.That’s the reason its available so cheap now
Before stock trading or stock investing in This Penny stock (also known as penny trading ) lets know about this company
This Company is based in BADDI Parwaano Himachal Pradesh
M L Gupta is Chairman & Managing Director
It manufacture Plastic Products, A P Sheets and Alumimium Colour Coated Sheets/Coils
This Company was established in 1978
Risk factors:
1.Company products include asbestos product and Many NGO are opposing their production
2.There is a court cases for Merger
Board of Directors of the Company at its meeting held on October 05, 2009, inter alia, has decided to move a petition to the Division Bench against the other of the Single Bench of Honble High Court of Simla in the matter of merger of Swan Storwel Pvt ltd
3.Most Serious one :Auditor of the Company. has resigned recently
Still all the Risk Factorsare Built in price as price is severly undervalued
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