The Great Indian Tech Blog
Stock Watch : Panoramic Universal to give a whooping 5:1 bonus
Author: Gadget Techie, Category: India, Latest News, Stock Watch
The next stock idea I present is a lesser known small cap company. Panoramic universal is a small company with a market cap of 56.48 crores. The share hit its all time high of Rs. 349 and a 52 week low of Rs. 123 lately mostly due to operator beating. The stock is currently trading at Rs. 176 on the NSE.
The stock has an EPS of 15.55 and a P/E ratio of only 11.34 compared to industry average of 20.91. Apart from that the company has shown solid performance year after year and has mostly increased profits all YoY.
The company is in the IT business and the hospitality business inside and outside India.
The company recently announced a 5:1 bonus in early May and has fixed 21 June as the record date. The current price does not justify the fundamentals of the company and I believe there is a good upside to the stock.
I have acquired the stock and you may want to acquire it to and keep for 2-3 years for a good profit on the same.
Market Cap
In other news Wipro Ltd. went ex bonus today with a good start to its ex bonus journey. the stock is currently trading at 408 levels which indicated cum bonus levels of Rs. 680 which is a cool 50 rupees profit from where I had started. Since I have a large horizon I am holding it, you might want to exit if you are a short term investor and re- enter on dips.
Disclaimer :
Please follow any advice at your own risk, we will not be responsible for actions taken on reading the items here. Please use your own research before making investments. Market investments are subject to very high risks.
I and/or my family may have certain holdings in shares listed here as of date of publication of this article.
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