Saturday, April 22, 2006

Scrips I dont like

4 codes ... Buy / Wait / Pricey / Penny ... is what I use in my stock tracker.

Buy means an under-valued stock
Wait means a stock, fairly valued .. yet in contention if the price reduces
Pricey is a stock, over-valued and hence, not in contention yet
Penny is the scum-stock ... ones I'll stay away from for a long time

Here's a list of some I've classified as "Penny" (some changes may be done from this list on account of fundamental changes to the scrip) ... the primary reason for not investing in these stocks is the low profit levels exhibited by the below stocks

Silverline Technologies Ltd.
Tele Data Informatics Ltd.
Jindal Worldwide Ltd.
Shyam Telecom Ltd.
Vardhman Spinning and General Mills Ltd.
Saurashtra Cements Ltd.
Rain Commodities Ltd.
Morarjee Realties Ltd.
Selan Exploration Technology Ltd.
Prakash Industries Ltd.
Birla VXL Ltd.Mysore Cements Ltd.
Andhra Cements Ltd.
LML Ltd.
Moschip Semiconductor Technology Ltd.
Andrew Yule & Company Ltd.
IFCI Ltd.
Consolidated Finvest & Holdings Ltd.
FCGL Industries Ltd.
Sterling Holiday Resorts (I) Ltd.
Sharyans Resources Ltd.
Gujarat Sidhee Cement Ltd.
Swan Mills Ltd.
Premier Explosives Ltd.
Jay Shree Tea & Industries Ltd.
Ruby Mills Ltd.
Bhansali Engineering Polymers Ltd.
Mahindra Gesco Developers Ltd.
AVT Natural Products Ltd.
Suprajit Engineering Ltd.
J K Industries Ltd.
Agro Tech Foods Ltd.
Liberty Shoes Ltd.
Polyplex Corporation Ltd.
Sirpur Paper Mills Ltd.
Shriram Overseas Finance Ltd.
Gujarat Apollo Equipments Ltd.
Forbes Gokak Ltd.
Samkrg Pistons & Rings Ltd.
Himachal Futuristic Communications Ltd.
Empee Sugars and Chemicals Ltd.
Energy Development Company Ltd.
Aksh Optifibre Ltd.
ABG Heavy Industries Ltd.
UTV Software Communications Ltd.
Yokogawa India Ltd.Prime Securities Ltd.
Cyber Media (India) Ltd
Eimco Elecon (India) Ltd.
Harrisons Malayalam Ltd.
Kalyani Forge Ltd.
Venky''s (India) Ltd.
Revathi Equipment Ltd.
Standard Industries Ltd.
Sarla Polyester Ltd.
Themis Medicare Ltd.
Goodricke Group Ltd.
Ramco Systems Ltd.
Nesco Ltd.
Om Metals Ltd.
Z F Steering Gear (India) Ltd.
Texmaco Ltd.
Star Paper Mills Ltd.
Madhucon Projects Ltd.
Transgene Biotek Ltd.
Indian Hume Pipe Company Ltd.
Central India Polyesters Ltd.
Swaraj Mazda Ltd.
Anant Raj Industries Ltd.
Ondeo Nalco India Ltd.
Scooters India Ltd.
International Travel House Ltd.
State Trading Corporation Of India Ltd.
Megasoft Ltd.
Spel Semiconductor Ltd.
Saregama India Ltd.
Faze Three Ltd.
Eskay Kn''''''''IT (India) Ltd.
Kale Consultants Ltd.
Force Motors Ltd.
S B & T International Ltd.
Deepak Nitrate
Mather and Platt (India)
Excel Industries
Bharat Gears
Triton Valves
Liberty Phosphate
Advanced Micronics

8 Comments:

Blogger Rohit said...

hey shankar...
i wanted to know wether it would be profitable to invest in GE Shipping?? would it be better investing befor demerger or after demerger....my main aim is to get GE Offshore shares......

11:45 AM  
Blogger Shankar Nath said...

Hi Rohit,

I too would be interested in the shares of GE Offshore. The reasons being - A major focus on E&P activities by oil majors, more foreign participation in the field, and different managements will ensure maximizing of gains.

I am not interested in the GE Shipping shares as revenues and profits are expected to fall in FY2007 and FY2008. Which means, there will be broadbased selling of the stock (GE Shipping) once the demerger date arrives. There would be buying of the GE Offshore stock on the same day.

Lets buy this after the demerger.

Brics PCG report's estimated price of Great Offshore - 139 rupees per share

Warm Rgds, Shankar

1:03 PM  
Blogger Shankar Nath said...

Btw, Brics has put in a BUY for GE Shipping with a target price of 309 rupees

1:05 PM  
Blogger Prasanth said...

Shankar,

Interesting that you have classified Revathi Equipments as a penny stock. Any reasons? The stock price has been going up gradually for the past 3 years.

Regards,

Prasanth

7:50 PM  
Blogger Prem Sagar said...

Hey Shankar..
dunno what prompted you to rate suprajit as a penny stock. but its the mkt leader in cables.. more profitable than others .. 2nd fastest auto anc co in india, after Amtek India.
Plus a lot more.
Prem

3:47 PM  
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11:41 PM  
Anonymous Anonymous said...

Enjoyed a lot! »

11:36 PM  
Anonymous Anonymous said...

Forbes Gokak is a penny stock??? I think you should write less and read more.

9:12 AM  

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