Monday, November 26, 2012

Divestment out Of PSUs,2012

  The following PS Cos,are to be divested out of,partially.The data are from THIS site.Please refer other sites,like Indiainfoline,etc
1.Hindustan Copper Ltd
   The first  phase over.4% shares offered at a  price was Rs 155/=.
This scrips price makes a mockery of everything and shows in what shape the Indian Markets and businesses as a whole work. The mega-scam of the ruling coalition,led by the Indira congress party are not at all, surprising.
It rose by 30% on the news of Divestment.
Then fell 18% on the day of offer and 40% today[26/11/2012].the CMP is about Rs 170/=
EPS = Rs 3/=[ONLY,what a shock!].BV = Rs 15/=
Debt Free PSU.
  Earlier it had reached an annual high of about Rs 300/=!!!
2.NTPC D/E = 0.65.
3.NMDC   Very good
4.Oil India ltd   Very good.
5.Hindustan Zinc Good.
6.M M TC
Does not seem good at all.P/E,EPS,Dividend,ratios etc are n at ll god.

Current Ratio 0.83
Quick Ratio 1.42
Debt Equity Ratio 2.41

About 99% held by the "Govt"!
7.NALCO.the Govt holds 87.15% shares.
Not  good EPS etc
FV Rs 5/=

Current Ratio 1.96
Quick Ratio 1.64
Debt Equity Ratio --
DEBT-FREE Co

To be continued.........

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