Su-Raj Diamonds (India)

OUT of woods

Posted by : NODIK

Seems like suraj is trying to brake shakles.. 20% seems good jump 0n 2 lakh volume only.. may soon run to 50 .. could be next multibagger... seems like making way for furious upthrust in future. A dream cum true type senario building up in this none to popular stock.
regds
nodi..k

OUT of woods

Posted by : NODIK

Seems like suraj is trying to brake shakles.. 20% seems good jump 0n 2 lakh volume only.. may soon run to 50 .. could be next multibagger... seems like making way for furious upthrust in future. A dream cum true type senario building up in this none to popular stock.
regds
nodi..k

More than 8 % per annum dividend yield

Posted by : practical money

hmmm rama news print...i will check up the company..so comrade do u trade or do u invest for the long term????

More than 8 % per annum dividend yield

Posted by : pravingp

Dear practical money,

Market is realy senseless

yesterday rama News print have shown some movement.

I hope momentum will continue till 25-30 with some ups and down

More than 8 % per annum dividend yield

Posted by : practical money

dear fellow investor,
ur most welcome comrade..u seem to be a fundamental value investor, a community rarely found in todays senseless markets, i would be honoured if u cud share some of ur insights on some other value stocks with good yields..thanx in advance

More than 8 % per annum dividend yield

Posted by : pravingp

Dear practical money,

Many thanks for additional info on PPAP

More than 8 % per annum dividend yield

Posted by : practical money

dear fellow investor,
PPAP has not reduced the dividends in the past years.on the contrary the dividends have grown.the 75% that you speak of was pre-ipo,post ipo there has been major equity dilution. hence although the dividend has become from 75% to 30% it has done so on an expanded equity base. to further clarify,in absolute terms the dividend payout has increased from 4.5crs to 5 crs.this will increase and if not in the worst case scenario it might remain the same.u do the math 3rs dividend on 30rs CMP ,gives a yield of 10%.much higher than any fixed deposit after taxes.moreover i would request you to study the companies annual report.u will truly appreciate what this company is tryin to do in the auto ancilliary space.
further if u look at it from the benjamin graham way(i hope u know who he is,check up on wikipedia if u dont). this companies mkt cap is 46crs as per current cmp.it raised 75 crs in the ipo.its a net net company.so even u ignore the dividends which cannot be ignored in sane conditions even then the company is more dynamic in value than compared to su-raj diamonds..cheers.
p.s. please read the annual report before making claims that the yield of the company has melted.cheers.