advice on castex technology

Volume already crossed 17 lakh in both xchanges and traded flat absorbing all selling pressure. Pls share ur views

 

Need to wait and watch here. It all depends on how Amtek group is going to reduce the debt in next 3 to 6 months.....

 

Castex Technology is a " AMTEK GROUP OF COMPANY "

Face value is : Rs. 2
Eq : Rs . 55.59 Cr.
Debt : 5679 Cr. (Heavy Debt Company )
sales : 2991 Cr.
PAT : 248 Cr.
EPS : 8.92
Book Value : 89.24
Last 16 years regular Dividend paid company


Promoter stake reduced from 71.12 % to 52.28 is a major point

nearly they sold 19 % of their stake ....

 

@SHASHTRI JI- Sir, how do you view this scrip? worth investing ?

 

@shakti sir ,

this company is having very high debt and promoter drastically reduce his stake nearly 19 % in one year ...so this is not worth investment sir .... better Avoid this stock ....

 

FII stake doubled in same quarter