Ever since I started writing this blog ,receiving lot of requests from my readers to recommend low priced /penny stocks.Considering the risks involved in such stocks,so far recommended very few like Marksans Pharma @ Rs.4 .I have one small request to my readers that , seeing the return of Marksans ( From Rs.4 to Rs.25 ) ,never jump into this one without studying the company and generating own conviction.As you are aware ,we all are interested to get penny stocks which can give multi bagger returns.But in practice it is not an easy task and it is not possible to decide in advance that a stock will become multibagger. This will happens when many positives comes together and only over a period of time.If we take 10 penny stocks ,hardly one or two may turn as multibagger and even our capital may loose in the rest.This is the reason I hesitate to recommend penny stocks even after receiving lot of request from my readers after the gain you earned in Marksans pharma.One more important point – never buy this stock if you have no patience to wait for long time and you are not ready to loose even your capital. It is a strict ‘NO’ to those who demand frequent updates and ‘What to do ‘ messages on a daily basis.
Click on the above image to read MD’s explanation for some of the negative events related with the company.
there is practical difficulties to check the genuinity of sales figures provided by the company .
Check product listing in Amazon.com HERE
Check product listing in another selling point HERE
But I believe ,Its production facilities itself deserves much valuation compared with the current market cap of just Rs.66 Cr. The sector in which company operating is one with huge potential and the reported numbers are very good.A possible change in power equations post election may augur well for Himalaya International.Even without this factor stock of a food processing company below 3 P/E seems very cheap where the average industry P/E is close to 15.
News on Inauguration of plant