Navin Flourine was recommended a few days ago at around 270 Rs by email to all subscribers. The rationale behind the pick was an excellent management (Mafatlal), a dividend yield of 5 % , a market price less than book value, and most importantly a buy back offer - not from open market , but by tendering of shares at Rs 400. This is a gem because here is a management extremely open to offer shareholders immense value. I had mentioned in the e mail that in spite of the record date being over, this company is a value buy. the management was themselves not tendering shares because they believe the company is worth much more. So for those who picked it, enjoy the ride. the stock is up by more than 10% in less than 02 weeks. this was based on pure fundamentals and management perception. A good management is worth 40% value when calculating the 05 parameters to analyse the stock.
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