PREMIER SYNTHETIC

Discussion in 'Ask A Query About Your Stock Picks And Portfolio' started by NITIN DHAMA, Sep 9, 2018.

  1. NITIN DHAMA

    NITIN DHAMA New Member

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    Respected sir
    please give me your advice about the premier synthetic share , registered in BSE. I have bought this share at 290 but from last week there is LC so i request you please give me your advice about the future of this share
    thankyou
     
  2. Pee Vee

    Pee Vee New Member

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    I am not aware of the fundamentals of premier synthetic. However, a quick glance at screener shows some problems.

    • Promoter's stake has decreased
    • The company has delivered a poor growth of -7.69% over past five years.
    • Company might be capitalizing the interest cost
    • Earnings include an other income of Rs.1.11 Cr.
    Also, the Stock P/E is 48.64x. The Sales Growth (3Yrs) is a negative 24.58%. The RoCE is low at 1.79%.

    What is the thesis on why you bought the stock? Is there any expansion plan etc.

    I think you can check your rationale about why you bought Premier Synthetic and whether it still holds good or not. If not, it is advisable to exit the stock.
     
    Feroz likes this.