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Mumbai Bull - indian Stock Market
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Home stocks to buy High Risk

Speculative value pick

Change in business focus, great results - yet very low PE, Promoter stake, NIL dividend

anandmys by anandmys
August 22, 2020
in High Risk
Reading Time: 1 min read
0

This company is trading under 2.5 PE Ratio at current market price of Rs. 50. That virtually means, you can own a business by paying just 2.5 times its last years net profit. Difficult to believe right?

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Refex Industries Limited

This company was trading at 15 to 20 range 2 years back. It was doing the business of refrigeration gas. Suddenly company has deviated to trading in Ash & coal and turnover has shot up 17 times from 2017 to 2020 (Rs. 38 crores to Rs. 660 Crores) and profits jumped from 1 crores a year to 33 crores a year.

Negatives

  • NIL dividend
  • Low promoter holding at 34.51% (Up from 31.5% in a years gap)
  • Negative results in latest quarter

Positives

  • Looks like promoter stake is going to increase after the recent rights issue
  • Low PE
  • High growth possibilities

Call

Invest upto 3-4% of your total portfolio size. Speculative

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anandmys

anandmys

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