Visagar Polytex : Complete Analysis

Visagar Polytex limited is into variety of products and services . It involved in textile manufacturing, trading , wholesaling and retailing activities. For investment purpose we must look into its fundamental and technical analysis .

• Fundamental Analysis :
• Industry : Textile .
• Inception : 1983
• Market Cap : Micro Cap .
• Promotors stake :33% …This is not that much good .
• Debt to equity ratio : 0.39 …positive point for the company .
• Net Sales : Net sales has grown at - 26.97 % year on year basis which is negative and indicates negative near term sales trend.
• Dividend payout : No dividend paid in the last two years by the company which questions its financial position .
• EPS (Earning per share ) ..Lowest at zero …which indicates declining profitability of the company .
• Profit before tax is the lowest in the last 5 quarters.
• Returns : one year return is negative ( -44%).
• EPS is continuously declining from the last 3 quarters and became zero ..Which is a matter of concern for the company .
• Peer groups : VIVIDHA , ARVIND , JAYTEX ETC .
• BONUS HISTORY : Last date : 30 March 2016 ..Ratio 1:3 .
• Bulk / Block deals : Many bulk or block deals recorded in the year 2017 ..Not so good for the company .
• Impression : If you look at the fundamentals of the company , except debt to equity ratio , all other points are not in favour of this stock . It indicates overall financial trend of the company at present is negative .So at present investment for long-term in this company is risky . In order to investment for shortterm or for trading purpose we can have look at its technical analysis .
• Technical Analysis :
• If you look at its chart on weekly basis , the stock is trading below all important averages which is a matter of concern .
• Rsi is below 50 ..Indicating mildly bearish trend .
• MACD is still negative ..Which is a matter of concern .
• For trading purpose , on daily chart it is trading below all important averages
• Moreover it is penny stock ..So not a good stock for investment or trading as we all are aware that it is easily manipulated by operators or big players …
• Impression : This stock is not only fundamentally very weak but also technically not rewarding . Being a penny stock , we must stay away from such stock . There are many other quality stocks available in the market where you can invest and make money . Many stocks like DMart , Ipca Lab , NELCO ..( this stock was given in my channel which gave 30 % return within 5 days ) , FCL were given in my telegram channel ..And they are rocking …To join my channel just whatsapp me on 7838729758 ..It's free service ..
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