Avon Corporation: One of the good penny stocks

Avon corporation, which is into trading and manufacturing of weighing systems, a penny stock investing considering its growth story and the market for its products in India in future.
See the posting to know more http://nseguide.com/penny-stocks/avon-corporation-ltd.

Being a penny stock, one can be wary of investing in this script. But seeing its investments and the way it is moving forward, one can invest small amount of money in this stock.

Some of the reasons to invest

1. It is into a specialized business: trading and manufacturing of weighing systems
2. Book value of approximately Rs11
3. Planning to setup a new manufacturing unit with the investment of Rs125crores http://www.business-standard.com/india/news/avon-corporation-plans-investments125-cr/392503/
4. The stock is trading at around Rs7 which is of face value Rs10.

What is all about this growth scripts blog?

These days I have been thinking of posting my stock findings. Though they may perform or not, I thought of at least writing here for future reference.

Growth Scripts: The companies having long term growth story pending, here I'm calling them as growth scripts.

With some leeway I can slightly modify to include some other type of companies that may not fall in this group of "growth scripts".