advice on castex technology

Discussion in 'Ask A Query About Your Stock Picks And Portfolio' started by vineet, Dec 7, 2015.

  1. vineet

    vineet Active Member

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

    Ravikumar Active Member

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    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.....
     
  3. RAMA MURTHY SASTRY CHALLA

    RAMA MURTHY SASTRY CHALLA Well-Known Member

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    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 ....
     
  4. shakti khanduri

    shakti khanduri Active Member

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    @SHASHTRI JI- Sir, how do you view this scrip? worth investing ?
     
  5. RAMA MURTHY SASTRY CHALLA

    RAMA MURTHY SASTRY CHALLA Well-Known Member

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    @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 ....
     
    Karthikeyan and Lokdeshwar like this.
  6. Sachin S Shah

    Sachin S Shah New Member

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    FII stake doubled in same quarter
     
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