Skip to main content

Mangalam Timber gallops as a promoter hikes stake

Mangalam Timber Products was locked at 20% upper limit at Rs 14.89 at 14:18 IST on BSE, after one of the promoter group companies hiked stake in the firm.

The company announced the increase in promoter stake after market hours on Tuesday, 24 March 2009.

Meanwhile, the BSE Sensex was up 126.86 points, or 1.34%, to 9,597.90.

On BSE, 55,551 shares were traded in the counter. The stock had an average daily volume of 3,184 shares in the past one quarter.

The stock hit a high of Rs 14.89 and a low of Rs 13.28 so far during the day. The stock hit a 52-week high of Rs 26 on 22 April 2008 and a 52-week low of Rs 9.70 on 27 October 2008.

The small-cap stock had underperformed the market over the past one month till 24 March 2009, falling 8.07% as compared to the Sensex's 7.36% rise. It had also underperformed the market in the past one quarter, declining 22.68% as compared to the Sensex's 1.02% fall.

The company's current equity is Rs 18.33 crore. Face value per share is Rs 10.

The current price of Rs 14.89 discounts the company's Q3 December 2008 annualized EPS of Rs 0.92, by a PE multiple of 16.18.

Padmavati Investment, a promoter group company, hiked its stake to 5.20% from 5.13% in the firm by acquiring 12,472 shares from open market on 17 March 2009. Increase in stake by promoters in a company helps bolster investor confidence.

The total promoter shareholding in the company stood at 31.10% as on 31 December 2008.

Mangalam Timber Products' net profit fell 50% to Rs 0.42 crore on 13.2% increase in net sales to Rs 14.37 crore in Q3 December 2008 over Q3 December 2007.

The company is engaged in manufacture of plain and pre-laminated medium density fibre. The company operates in three segments: medium density fibre, formaldehyde and others. It operates in India only.

Popular posts from this blog

Bio-fuel has top investors powered up

23RD ,JUNE India's fortune-hunters believe their new-found love for biofuel will pay off. India's well-known investors who are known for their Midas touch have spotted an opportunity in bio-fuel, betting big on ethanol, bio-mass and even bio-fuel equipment makers in India and other parts of the globe. Billionaires Rakesh Jhunjhunwala, C Sivasankaran, Vinod Khosla, founder of Sun Microsystems, and Nemish Shah, the media-shy joint partner of Enam Financial Services, are investing in bio-fuel makers quietly, expecting that bio-fuel will have a big play in the coming years as the world looks for a viable alternative to the fast depleting oil reserves. Jhunjhunwala, who is known for his ability to spot a multi-bagger at a very early stage, recently invested in Hyderabad-based bio-fuel firm Nandan Biometrics.He is also a 10 per cent stakeholder in Praj Industries, which is a bio-fuel technology provider…

up to 8,500% return in 5 years! Investors made a killing in these 30 smallcap stocks

U By Rahul Oberoi, | Updated: Dec 01, 2017, 04.06 PM IST Post a Comment
Efficiency pays in the long run. Among the top smallcap plays on Dalal Street, 30 companies with stable return on equity (RoE) and return on capital employed (RoCE) have surged up to 8,500 per cent over the past five years.

All these companies had a debt-to-equity ratio of less than 1 and have been maintaining RoE and RoCE of over 20 per cent since 2012-13.

Avanti Feeds emerged the chart topper, with an 8,527 per cent gain to Rs 2,596.60 as of November 28 from Rs 30.10 ..

ovember 28 from Rs 30.10 on November 27, 2012. The company’s return on equity for FY17, FY16, FY15, FY14 and FY13 stood at 42.65 per cent, 46.21 per cent, 52.41 per cent, 45.79 per cent and 27.60 per cent, respectively. Avanti also managed to achieve a return on capital employed of over 50 per cent in last four years. Its RoCE stood at 28.59 per cent inRoE measures net income earned for every rupee of shareholder funds, while…

5 dark-horse picks

Kwadrat/ Kwadrat/
If you are a conservative investor, using the mutual fund route is the best way to invest in stocks. But if you are game for some excitement, you might want to dabble directly in stocks, especially small-cap stocks. Stocks that are smaller in size, in terms of market capitalisation, carry higher risk. The reasons are — one, lower traded volume increases price volatility, two, information is usually scarce on these companies, three, business risk is higher since many of these companies are dependent on a single product and four, governance risk is also higher in these stocks. That said, small-cap stocks have the capacity to deliver far greater returns when compared to large-cap stocks. Sample this: there were 16 stocks with market cap more than ₹50,000 crore in January 2009. These stocks delivered an average return of 138 per cent in the last eight years but 4 out of every 10 stocks in this group delivered negative returns. On the ot…