December 2010 - Monthly B Group Losers

Company	Prev	Now	% Chg	Comments
Sadbhav Engineering	1,390.70	120.55	-91.33	Stock Split from 10 to 1
Surya Pharmaceutical	279.45	28.8	-89.69	Stock Split from 10 to 1
Tribhuvan Housin	41.35	4.45	-89.24	Still too high PE's, no real revenues -people just play with these stocks
Balkrishna Ind.	750	129	-82.8	Stock Split from 10 to 2
ACIL Cotton Industri	21	4	-80.95	Promoters have exited this company, run away
Weizmann	79.5	20.55	-74.15	2.5% dividend at price. flat revenues. 7-12% NPMs. At 6.5 PE currently. Check scheme of arrangement if this is a valueable proposition
Comfort Intech	13.81	3.62	-73.79	Finance company with very less information. Heavily valued even at 115 Cr
Shree Ashtavinayak C	36.65	9.75	-73.4	Too costly even at 800 Cr
SVC Resources	301.35	81.2	-73.05	PE of 100 is really costly. Don’t know why it fell suddenly
Midfield Industries	409.9	111.25	-72.86	Listed in 2010 and going to new lows every month, still costly at 40 times
Ranklin Solutions L	93.85	26.45	-71.82	less than 2 times PE, 25% promoter shareholding(15% pledged, so only 10% is ideally their stake). 16% NPM
Bheema Cements Ltd.	114.45	32.65	-71.47	bad Sep results have pushed this down. Still can be bought at 25. promoters hold 72%.
Spectacle Infotek Lt	162.05	50.35	-68.93	Too costly even at 260 Cr
Money Matters Financ	382.55	137.05	-64.17	Fraud hit stock price hard
Sampada Chemical	460.25	165.35	-64.07	with such low NPM, not even a worthy business. Too costly
Urja Global	136.85	49.45	-63.87	with such low NPM, not even a worthy business. Too costly
Scope Industries	109	41.45	-61.97	Is this company even there?
Vaghani Techno-Build	62.75	24.75	-60.56	8 times FY10 NP is good value, FY11 seems better - buy
NCL Research	89.3	37.65	-57.84	with such low NPM, not even a worthy business. Too costly
Vertex Securitie	334.75	141.45	-57.74	Too costly. Unbelievable, unreliable business
Aishwarya Telecom Lt	25.7	11.05	-57	Last 2 qtrs are bad. Not sure of forward earnings
Arrow Securities	79	34.35	-56.52	with such low NPM, not even a worthy business. Too costly
Nalin Lease Fina	51.05	22.75	-55.44	Good NPMs, low promoter holding
Mansi Finance	42.95	19.75	-54.02	Don’t believe stocks that make no revenues but make huge profits
Hi Tech Gears	256.75	120.3	-53.15	1:1 bonus brought down. Better Fy11. Kapuria family holds 55% (No pledge)
Sujana Metal Product	34.3	16.1	-53.06	Steel company with no dividends and insider trading. Avoid
Powersoft Global Sol	20.75	9.85	-52.53	Bonus shares 1:1, not worthy at even lower prices
Elgi Equipments	191.25	92.1	-51.84	Bonus shares 1:1, 30 times is slightly on the costly side. good company otherwise
Chakkilam Infotech L	27.75	13.4	-51.71	with such low NPM, not even a worthy business. Too costly
Commercial Engineers	92	44.45	-51.68	Listed in 2010 and going to new lows every month
Alka Securities	3.35	1.62	-51.64	Run away from loosing any money
Nexxoft Infotel	120.6	58.55	-51.45	Price manipulations - another hyderabad based IT company
Well Pack Papers	35.15	17.2	-51.07	Too Costly for a low profit company.

Sujana Towers Ltd.	214.1	110.1	-48.58	20 times earnngs, strong price spike in Sep,now a falling knife
Vaishnavi Gold	54	28.4	-47.41	27 times earnings. Another Hyderabad based IT Company
Binny Ltd.	218	116.4	-46.61	Valuations are more for the assets it holds
Neha Internation	211.35	112.9	-46.58	Too heavy valuations. Volatile promoter shareholding,
Chartered Logistics	28.8	15.45	-46.35	around 40 times earnings. Bonus brought the price down
Coromandel Internati	586.35	317.3	-45.89	Stock split from 2 to 1
Polyplex Corpn.	632.6	343.6	-45.68	less than 20 times, BONUS 1:1 issued
Natraj Financial & S	65	36.3	-44.15	with such low NPM, not even a worthy business. Too costly
EID Parry	485.15	274.65	-43.39	Stock split from 2 to 1
GSS America Infotech	324	183.85	-43.26	around 20 times earnings, Another hyderabad based IT company
Arunjyoti Enterprise	125	71.55	-42.76	Listed in Jul 2010. 30 times PE, Taaza stores in Hyd and Secund
Sharp Industries	78.25	46	-41.21	5 to 6 times PE, Chemical company, no dividends, 33% promoter holding
Twilight Litaka Phar	155	92.2	-40.52	Pune based Pharma with a 6 times PE. 6-8% NPM. Pledging and selling by promoters bringing it down
Parekh Aluminex	450	272.45	-39.46	8 times earnings, 7-9% NPM for a Al company paying 0.5% or more regular dividend
Paragon Finance	34.35	21	-38.86	Financing auto and others by small companies is risky
Tatia Global Venntur	16.85	10.35	-38.58	Chennai based firm In Textile and Real-estate -where a lot of money is black
Shristi Infrastructu	380	235	-38.16	with such low NPM, not even a worthy business. Too costly
Dharanidhar Global a	32.85	21.2	-35.46	(526843)Promoters are exiting this company, run away
Elpro Packaging Ltd.	23	14.85	-35.43	Low NPMs, valuations look fine, but are promoter playing with the shares?
Ajel Ltd.	29.35	19.2	-34.58	Loss making IT company, just ignore
Capital Trust Lt	91.25	59.8	-34.47	Unacceptable PE, for a no Dividend NBFC
Shiva Global Agro	59.5	39.15	-34.2	Fertilizers with low NPMs are dependent on government
Raj Packaging In	116.6	76.75	-34.18	>1% dividend for 30 PE company with low NPMs. Promoters playing with stake
Premier Capital Serv	114.5	76.35	-33.32	even 70% promoter holding and 20-90% NPM don’t make this worth more than 50 times
Farmax India L	22.55	15.05	-33.26	Why is this FMCG company with unknown brands worth 60 times
Baroda Extrusion	30.95	20.75	-32.96	Kanugo owned Copper firm with low NPM, less than 6 times earnings. No dividends, 63% promoter holding
JMD Telefilms Indust	22.25	15	-32.58	Too Costly for a low profit company.
Centrum Capital	1,850.00	1,273.05	-31.19	100 times earnings for a small company is exuberant
Gyscoal Alloys Ltd.	45.25	31.2	-31.05	Falling since listing in Oct 2010, with 5 Cr profit and 4 Cr Debt, can buy @ 20
Parshwanath Hous	88.85	61.45	-30.84	Go for bigger housing finance corporations, risk cannot be played small
Karuturi Global Ltd.	30.05	20.85	-30.62	Roses don’t make business worth >100 times
Murli Industries Lt	89.4	62.1	-30.54	bad Sep results have pushed this down. Maloo owned edible oils company makes regular profit and is worth its 8 times
Shetron Ltd	38.3	26.65	-30.42	pledging by promoters and more than 20 times earnings
GCV Services	127.15	88.7	-30.24	Why would somone buy a loss making or nil profit making firm
Hanung Toys & Textil	318	222.7	-29.97	6 times PE for a 10% NPM, 90 Cr NP making company, 370 Cr reserves, 65% promoter holding, regular 0.5% dividend
Jaybharat Textiles	242.3	170	-29.84	Attrocious PE for a 6000 Cr market cap for a textile firm that makes 20 Cr NP
Arvind Internati	35.15	24.8	-29.45	mattress, foam, sofa maker with unacceptable valuation
Kay Power And Paper	27	19.05	-29.44	Why is this paper maker valued more than 20 times? Promoters hold 38%