Due to the slowdown in the construction segment all around the world, the companies have been beaten down. With the recent build-up of confidence we could hope for its exports improvement.
Following list of companies doing well according to the numbers:
Name | Face Value | Current Price | Book Value | PE | EPS | Market Cap(crs) | Annual Sales (crs) | Debt/Reserve |
Associated Stone Industries (Kotah) Ltd | 5 | 40 | 105 | 7.2 | 5.57 | 53.16 | 159.93 | 0.42 |
Aro Granites | 10 | 52.25 | 95 | 4.82 | 10.84 | 53.3 | 131.13 | 0.54 |
Divyashakti Granites | 10 | 33 | 38.28 | 4.44 | 7.45 | 34 | 30 | 0 |
Asian Granito | 10 | 60 | 99 | 6.43 | 9.36 | 126 | 387 | 0.64 |
Glittek Granites | 5 | 2.46 | 5.97 | 16 | 0.15 | 6.23 | 17 | 6.36 |
So, what is the reason for these companies shares not increasing on the bourses. We can find the following reasons
- Ad-hoc licensing policies of the governments
- Fragmentation of leases
- Political interferences
- Lack of availability of advanced technology in mining and usage of modern mining machinery: Quarring technology and Dimensional block production
- Poor quality of roads
- Losing the market to China, Brazil
You can decide from the list provided above (the list may contain limited number of companies, there may many companies listed). But I like these companies. As one should not have any kind of influence on other's stock purchases, right! so you decide yourself.
References
A Technical Check
ReplyDeletehttp://www.dstreet.in/Markets/ArticleStory.aspx?ArticleId=87&CategoryId=37
Aro Granites, Asian Granito, Glittek Granites are shining. Of all, Glittek has given 100% profit from the price mentioned on this blog.
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