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Title : Ispat ind

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Posted by: Monu mishra
Category: Stocks
Type: Ispat ind
Opinion: Sell

08-09-2009 13:59

I have 300 shares@(11.12) of ispat what i do sell or hold if hold for how long.

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Replies: 3   │   Visits: 223    │   Rating:      1   

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Reply By Arihant:             Reported Abuse:       
 

Posted by: Arihant Expert

16-09-2009 16:25

Re: Ispat ind

Company is having very high debt and its Debt Equity is above 5. Its book value is 0, dividend yield is Nil and ROCE and ROE for last one year is 0. Therefore on fundamental basis it does not have any immediate reason to have upside. Only trigger could be its debt write offs or restructuring of debt. But we do not have any information on that. On fundamental basis we recommend to book profits.

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Posted by: Meghna Saraogi

18-09-2009 17:15

Re: Ispat ind

not a good stock. with speculation that interest rates wud be hardened, the high dent structure of company may affect the bottomline. Invest in financially healthy companies. rolta is a good buy

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Posted by: saurabh shah

23-02-2010 13:08

Re: Ispat ind

bad company, speculative and no good books. sell the shares and invest in a better stock that will give good returns. deepak fertiliser is good, epecially since the budget is coming. m&m finance is also good. Tata ELXi also good.

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