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.