The market during this week will have to face large scale squaring up of outstanding position built up in F&O segment both in Call/Put and open position in nifty and stock specific futures.
In – view of this the market is going to remain highly volatile till F&O position for the month of Sept which will expire on 29th
September either to be squared up or carried forward to next month for October 2012.
The market is bullish & Sept month expiries of F&O contracts are going to be in favor of bulls.
SHRI DINESH MILLS LTD
The Company is 75 yrs old dealing in woolen textile & felt backed by highly strong fundamentals paying uninterrupted dividend since last several decades.
Its equity capital which is hardly Rs 528 lacs despite of its old age of 75 yrs out of these Rs 528 lacs, the company has issued liberal bonus issues every after 10 yrs or 50 latest of two bonus issue was in the ratio of 1 : 1 Total bonus issue comprises of 477.54 lacs that means original shareholders are having nearly 8.5 bonus share against one share.
Yet, the company has huge reserves of Rs 91 Cr i.e. 18 times of equity capital which speaks possibility of further issue of bonus share any time by now.
The book value of the company is nearly Rs 185 with latest EPS of Rs 10 while market price of the share is Rs 80 available at 50% discount is indeed very astonishing. Long term view in the stock aim be highly profitable.
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