Saturday, September 26, 2015

Electrosteel Castings Ltd @ 17.55


1. Electrosteel Castings Ltd  is a 1 rupee face value steel pipe and fittings company.


2. Year high of Electrosteel Castings Ltd  is 27.20 and year low 15.05 , So as per my rule year high/low ratio is below 2 for Electrosteel Castings Ltd , New readers please refer my research terms at this link
3. Base price ( last 3 year average price ) of this stock is 19.68 so CMP 17.55 is 10.82% below from base price so if this stock is available below 16.72  then this is a good penny stock for multi bagger returns.
Click here to download last 3 year closing price with graph
4. Net sale per share for last year is 60.34 So our buying  price is below net sale per share new readers please read my book  for more understanding this concept, link of my book is
5. Promoters holding in Electrosteel casting ltd is 53.01% and promoters pledged his 17.21% shares ( this is the reason why I publish this share on mypenny share blog instead of my main webpage www.maheshkaushik.com the main difference in both page recommendations are
a. If stock full-fill all of my stock screening criteria like no pledged share, year high/low below 2 net sale per share is above CMP etc then stock recommendation is publish on my main webpage but if stock is good and have potential to become a multi-bagger but stock have some ignorable negative point like few of pledged stocks etc then It will be publish on mypennyshare blog .
b. Stock recommendations publish on my penny share blog  CMP will below INR 20 , So my penny share blog stocks are little risky but they give higher multi-bagger returns see past performance of this blog here
6. FII holding in Electrosteel Castings Ltd is 1.38 % DII holding is 8.03% in Electrosteel Castings Ltd.
7. As my rule most of my recommendations are  dividend paying , because we hold it 1-3 year for multiple returns and enjoy dividends in our holding periods see past dividend history of Electrosteel Castings Ltd here:-
EX DateDividend Per Share
03/09/2015Dividend 0.65
20/08/2014Dividend 0.65
13/08/2013Dividend 0.50
30/08/2012Dividend 0.50
30/06/2011Dividend 1.25
8. No any bulk deal, bonus and stock split in last 2 year.
9. Visit company webpage here http://www.electrosteel.com/
10.Discloser:- I Mahesh Chander Kaushik author of this research report is an existing research analyst and passed NISM certification for research analysts. I am also registered under SEBI(RESEARCH ANALYSTS) REGULATIONS, 2014 ( SEBI Registration Number INH 100000908 ) hereby disclose about my financial interest in the subject company and the nature of such financial interest:- 1 Me and my associates or relatives have not hold any share of Electrosteel Castings Ltdso my personal interest is not included in this stock. 2. Me and my associates or relatives have not any actual/beneficial ownership of one percent or more securities of the subject company ( Electrosteel Castings Ltd). 3. Me and my associates or relatives have not any other material conflict of interest at the time of publication of the research report. 4. Me and my associates or relatives have not not received any type of compensation from the subject company(Electrosteel Castings Ltd) in the past twelve months. 5. I am not served as an officer, director or employee of the subject company( Electrosteel Castings Ltd ). 6. I have been not engaged in market making activity for the subject company(Electrosteel Castings Ltd).
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