Thursday, June 1, 2017

Cubex Tubings Ltd @14.00

1. Cubex Tubings Ltd is a 10 rupee face value Security ID: CUBEXTUB Group / Index: T Face value: 10.00 Security Code: 526027 ISIN: INE144D01012 Industry: Copper. 

Brief Details of Company:- "CUBEX" incorporated in 1979, Cubex is an ISO 9001:2000 certified company, It has an international reputation as an innovative, dependable and high-quality producer of copper and copper base alloy products under one roof. 
The company manufactures Seamless Tubes, Rods, Strips, Profiles and Wires. The company started by technocrat entrepreneurs with a commitment to the customer and a desire to remain at the forefront of technology. 
The company has manufacturing facilities at Patancheru (AP) and Pondicherry in India with its world class facilities and is able to satisfy customers requirement globally. 
The major application of its products goes to Power Sector, Medical gases, Automotive's, Refineries, Railways, Shipping and General Engineering. 
Source:-http://www.cubextubings.com/ (Company Website)
2. Year high of Cubex Tubings Ltd is 17.26 year low was 10.00 and stock traded at 14.00. 
Year high/ low ratio is below 2.
If you read above research terms or my book then you may know that generally, I like a stock which year high/low ratio is below 2 but if stock recently give a positive result then this ratio is acceptable till 2.5  
If you are the new reader of my blog and not familiar with my research terms, then please see my research terms at this link:-
3. Promoters of Cubex Tubings Ltd hold 44.42%. 
Promoters holding is good, and promoters are not pledged any stock. 
4.Cubex Tubings Ltd not given any dividend in last years this is the reason why I choose this stock under penny stock group because my fundamentals and trading recommendations are dividends paying.
This stock is otherwise good but in dividend term, it has no any dividend history. 
5. The base price of Cubex Tubings Ltd is 11.34 So Stock is traded almost 20% above from base price and If stock available in the range of 9.10 to 13.60 then it is the best price for long term buy. 
6. No any bonus issue right issue and bulk deals are recorded in last 2 years.
7. Cubex Tubings Ltd net sale per share of FY 15-16 is 35.09. 
8. Net sale per share 35.09 which is near 2.5 times higher from CMP 14.00 this is the another reason for this recommendation. 
9. The book value of Cubex Tubings Ltd is 39.73 Book value is also higher from CMP so in book value term Cubex is a value buy. 
See March 2017 Results Here: - Click on Link to View March 2017 Results.
8. Finally, I choose Cubex Tubings for my penny stock blog recommendation, Target for this stock is 17.50 to 25.85 and you may need to hold it for 3 months to 3 years so be cautious do not invest huge amount at once. 
9. 200 DMA of Cubex Tubings Ltd is 12.76 So at CMP 14.00 Stock traded above his 200 DMA, so I choose this level for my recommendation. 
Fundamental target price of Cubex Tubings is 25.84 ( Read my book to knew how to calculate fundamental target price) 10. My recent updates: - Data Bank Of Indian Stocks 
When My Next Book Will Publish?: -Many of my followers ask about my next book, currently, I am writing 2 books "कैसे पहुंचा अब्दुल शेयर बाजार के शून्य से शिखर तक (Hindi) and "Top 100 Diversified Undervalued Stocks In 2017 Market" (English).
These 2 books will take one more month to complete and publish, I will publish these 2 new  e-books through KDP (Kindle Direct Publishing) and paperback copy+ translation of these 2 books will be published by Prabhat Prakashan or Pothi.com
Currently, Prabhat Prakashan Delhi takes agreement of my 2 earlier books for editing any grammatical mistakes, translate in Hindi, Publish Hindi version of both books, Publish Hindi e-books and distribution plus selling through out India.
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11. Disclaimer: - This is not an advisory service to buy or sell. The contents of “this research report” are only for educational purposes. No liability is accepted for any content in “this research report.” The author is neither a registered stockbroker nor a registered advisor and does not give investment advice. His comments are an expression of opinion only and should not be construed in any manner whatsoever as recommendations to buy or sell a stock, option, future, bond, commodity, index or any other financial instrument at any time.The author recommends that you consult with a qualified investment advisor, one licensed by appropriate regulatory agencies in your legal jurisdiction, before making any investment decisions. Please read the full disclaimer at the bottom of my blog.
12.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 with 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 held any share of Cubex Tubings Ltd so 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 ( Cubex Tubings 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 received any type of compensation from the subject company(Cubex Tubings Ltd) in the past twelve months. 5. I am not served as an officer, director or employee of the subject company ( Cubex Tubings Ltd). 6. I have been not engaged in market making activity for the subject company (Cubex Tubings Ltd).
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