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
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.