Nav Bharat Ferro Alloys

Hi All
What's your view on Nav Bharat ferro. I have 100 shares at 140. Can keep it for long term or exit from this counter
Fundamentals are pretty strong....EPS at around 75 (for face value of 10) and PE of 2.

What is the position of Mascon Global in the near future say 3 months ?

what is the position of omax auto in the long run ?

hi
Navbharat shs are split to rs 2
Its latest eps is 6.4 and P/e is 16.60

Hi
Thanks
I am surprised...when was it split...
ICICI Direct still shows the EPS at 75 for face value of 10 and P/E at 2 ...Is their data wrong...


What's your recommendation....shall exit....buy more to average out....or hold this quantity for some more time ....

Please advice

Dear murtaza,

I rode the Navbharat ferro wave last year.. bought @ 350 which were then split 5 for 1 so my avg price came down to 70. The stock went down to 44 and then was on a constant upward trend with upper circuits hitting every day upto 160... I sold out at around 120.

In my opinion, this company is in process of diversifying and the promotors needed to acquire the stock from open market for them to pass the necessary resolutions during their EGM. The resolutions have passed in the past 2 weeks.

I am not a master of TA/FA but have shared my personal experience of owning Navbharat ferro stock. You may take a call accordingly.

Happy trading !