market cap of 2243 for a fy10 profit of 498 - which translates to a pe of 4.5 times
it has 1580 cr in reserves and 393 cr as loans.
not much of a revenue increase - stagnant for 3 years.
npms have improve drastically.
npms are wavering - fy10 was around 42%.
they give regular dividend around jul/august. can expect rs.6 or more as dividend which is 2%
let me know what you guys think about this stock
based in Hyderabad.
lot of insider trading as seen on bse website
company website http://www.nbventures.com/
business - diversified - power plants, sugar business, ferro alloys - units in ap and orissa.
company mines in malaysia have not been doing well, so company has thought of exit plans.
last 2 quarters are seeing lesser earnings.
earlier, it was valued at 7 times
assuming this company would earn 345 cr - which is less than fy10, i guess there may a small upside, not sure if it is worth the risk.
nse - NBVENTURES
bse - 513023
This company seems to have links with Jaganmohan Reddy. CBI has raided the offices of NB Ventures. This has brought down the prices of the stock heavily. It now quotes at 180, translating to 1600 Cr MCap.
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