Advice on Vakrangee

Discussion in 'Ask A Query About Your Stock Picks And Portfolio' started by Abhishek bansal, Jun 23, 2015.

  1. Abhishek bansal

    Abhishek bansal New Member

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    I would like to have your advise on Vakrangee. As per Screener.in, the company's ROE is 32.67 % and sales growth is 41.21 % but still the company is available at 17.57. I am wondering why this company with such high growth trajectory is available at relatively low PE in such a raging bull market. Is there some issue with the management or future earnings are clouded due to emerging competition. I would appreciate your thoughts.
     
  2. Srouta Mukherjee

    Srouta Mukherjee Well-Known Member

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    VAKRANJEE IS DOWN 20% TODAY. STAY AWAY FROM JUNK STOCKS :mad:
     
  3. Abhishek bansal

    Abhishek bansal New Member

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    This is for my understanding..how one can define a stock as junk? do you see any issues with the company...
     
  4. dineshkapoor27

    dineshkapoor27 Active Member

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    It is not a junk stock. Its just under selling pressure right now, and pe is a bit high compared to others. Keep accumulating this, I think this can touch 250-300 within a year.
     
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