Stocks to avoid in 2010
Perhaps, this is the only newspaper in India which regularly recommends 'Sell' counters. Hereunder, we are giving a list of several scrips which we feel are worth avoiding. Some scrips belong to very good promoters and have sound business (like Asahi Glass) but, are overpriced due to low profits/high P.E. Ratio. Some scrips have big Equity with low sales, giving tiny EPS and hence overpriced. Many scrips are only operator driven and have hardly any or zero fundamentals. Finally, profits of many companies are too good to be true and same are being inflated through bogus billing and money laundering. Share price of many companies have gone up sharply along with broader market although, profits have not improved. It may be noted that some of these scrips are being strongly recommended to buy by leading brokerage houses. Our sell recommendation does not ensure that, share price of all these companies will go down immediately. Rather, share price of some may even go up due to clout of operators and brokers. Our duty is to warn he investors about weak fundamentals and manipulations.
1. Asahi Glass (Re. 1/- F.V.).
2. Accentia Tech.
3. Aggarwal Industrial Corporation.
4. Anjani Synthetics.
5. Artson Engg.
6. Atco Corp.
7. Axis I.T.
8. Baba Arts.
9. Bartronics.
10. Birla Cotsyn (Re. 1/- F.V.).
11. Birla Power (Re. 1/- F.V.).
12. Birla Shloka.
13. Channel Guide.
14. CNI Research (Re. 1/- F.V.).
15. Compact Disc.
16. Core Projects.
17. Deep Industries.
18. Energy Dev. Corpn.
19. Goa Carbon.
20. Hind Copper.
21. India Bulls Real Estate.
22. JMD Tele.
23. Kiri Dye.
24. Kohinoor Broadcast.
25. Maharashtra Polybutene.
26. Mahalakshmi Rubtech.
27. MVL.
28. Rajesh Exports (Re. 1/- F.V.).
29. Rajoo Engineers (Re. 1/- F.V.).
30. Rama Newsprint.
31. RIIL.
32. Remi Metals (Rs. 6/- F.V.).
33. Rishi Laser.
34. Ruchi Infra (Re. 1/- F.V.).
35. Saint Gobain Sekur.
36. Sejal.
37. Shri Ashtvinayak.
38. Sky Industries.
39. Spectacle Industries.
40. Sterling International (Re. 1/- F.V.).
41. Sunteck Realty (Rs. 2/- F.V.).
42. Geekay Finance (Re. 1/- F.V.).
43. Visagar Poly.
44. Well Pack Papers.
45. Tanla Solutions
46. Glodyne Tech
47. Sujana Tower/Group
48. Prithvi Info
49. Divi Lab
BigGains !!
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