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Showing posts from September 23, 2007

RAJESH EXPORTS SPARKLES ON BONUS, SHARE SPLIT PLANS

Rajesh Exports surged 4.03% to Rs 966.90 at 15:17 IST on its plans to consider bonus issue and stock split.
On BSE 4.46 lakh shares were traded in the counter. The scrip had an average daily volume of 1 lakh shares in the past one quarter.
Shares of Bangalore-based mid-cap jewellery making and retailing firm had hit a high of Rs 975, a record high for the scrip. It hit a low of Rs 929.15 so far during the day. The stock had touched a 52 week low of Rs 185 on 26 September 2006.
Rajesh Exports had outperformed the market over the last one month till 26 September 2007, rising 73.31% compared to the Sensex’s return of 13.42%. It had also outperformed the market rising 75.49% compared to Sensex’s rise of 16.66% in the past one quarter.
From a recent low of Rs 779.05 on 18 September 2007 the scrip rose 19.29% to Rs 929.40 on 26 September 2007.
The company’s current equity is Rs 7.39 crore. Face value per share is Rs 2.
The current price of Rs 966.90 discounts Q1 June 2007 annualised EPS of Rs 45.…

Must Read For Every Investor — Price to Earnings ratio loses value in rising market

Price is what you pay. Value is what you get. The dumbest reason in the world to buy a stock is because it’s going up,” says investment guru Warren Buffet.Trashing conventional principles of investing, Indian investors are on a shopping spree, buying all that is going up, without considering the price or the value of stocks. Price to earnings (PE) ratio, as a concept, appears to have lost its relevance for the time being as investors are busy trying to guess the next level that benchmark indices are likely to touch in the near term.The 30-share Sensex on Friday soared to a new high of 16,616.84 as investors are counting on stronger foreign fund flows in the coming days, given India’s better resistance to a likely recession in the US compared with other emerging markets.A study on the trading volumes of topline stocks on BSE reveals that investors are accumulating ‘high PE’ stocks — trading in the range of 30-160 times — in large numbers. PE ratio gives investors an idea as to what the…