Old report is re- producing below :
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The brand ‘Aristocrat’ is familiar even for the non
drinkers but the company which makes this brand is
not much popular among investors. Jagatjit Industries
is the 600 crore company which makes Aristocrat brand
liquor.For the past many years company's performance
badly affected mainly because of some disputes
between the members of promoter family itself.
In a landmark judgment company law board instructed
the main promoter to buy back 5794112 shares
from the counter party,
which already completed .The bought back shares were
extinguished and its share capital reduced by that
extent.This process will give the much needed
freedom to the management to take crucial decisions
for the growth of the company ,which lacks for the
past many years. Immediately after this important
development company shown excellent performance
in financial front too.In December qtr Jagatjit
posted a turnover of Rs.192 crore and a profit
of Rs.3.6 crore v/s a sale of 162 crore and a loss
of 11 crore(excluding other income)in the same
period last year.This 60 year old company with an
established brand is worth watching at CMP of
Rs.65/-,and may be a dark horse in the years to come.
Why are you recommending always very low volume and smallcap stocks which are listed only on BSE? Can't you recommend a good stock listed on BSE & NSE???
ReplyDeleteIt is very difficult to turn a high volume share into a multibagger.Volume will follow when more and more people know it,try to catch stocks early and exit when volume is there.
ReplyDeleteANOTHER SE INVESTMENT OF FUTURE...
ReplyDeleteARMAN FINANCIAL bse code 531179 seems better choice than Capital Trust.Atleast Arman Financial they have never gone into loss since past many years.I feel recent foray into MFI will bring the company into greater dimension and forthcomming NP, thereby, entering into same league like SE Investment.One can steal the opportunity at lower prices and have patience.Management is good and proven.It will go miles after miles.
ANOTHER SE INVESTMENT IN MAKING:
ReplyDeleteARMAN FINANCIAL bse code 531179 seems better choice than Capital Trust.Atleast Arman Financial they have never gone into loss since past many years.I feel recent foray into MFI will bring the company into greater dimension and forthcomming higher NP, thereby, entering into different league like SE Investment.One can steal the opportunity at lower prices and have patience.Management is good and proven.It will go miles after miles.