Monday, February 24, 2014

INDRAPRASTHA MEDICAL CORP.LTD @34.50

Some of my blog readers ask that why i update this blog once in a month only ? 
Dear followers and readers it is very hard task to find a good stock in crowd of various speculative stocks. Before publishing a stock in this blog i scan 20-50 stock which fulfill all of my stock choosing criteria which i tell you earlier. 
Some time i scan stocks 2-3 hours but not find any stock which full fill all of criterias so this is the main reason that why my blog updated so late. 
Ok after a hard work of 10 days i find a best dividend paying fundamental stock "INDRAPRASTHA MEDICAL CORP.LTD" You will be happy to knew that when i publish a recommendation me or my wife also make a investment near INR 3500 in recommended stock and forget it for one year because i never book profit before one year ( i like income tax free profit so i hold a stock for one year or more).
 So now we choose INDRAPRASTHA MEDICAL CORP.LTD for our next INR 3500 investment ( read my book for more information about my investment style)
1.INDRAPRASTHA MEDICAL CORP.LTD is a 10 rupee face value stock. 
2.INDRAPRASTHA MEDICAL CORP.LTD traded at 34.80 and year high / year low is 41.10/29.15 and this ratio is below 2 
3. INDRAPRASTHA MEDICAL CORP.LTD is a dividend paying stock which pay dividend every year since 2002 see this chart 
Date            Amount of dividend 
19 Sep 2013      1.60
06 Sep 2012      1.60
05 Sep 2011      1.60
30 Aug 2010      1.60
27 Aug 2009      1.50
28 Aug 2008      1.40
07 Sep 2007      1.25
28 Jul 2006        1.25
18 Aug 2005       1.00 
18 Aug 2004       1.00 
13 Aug 2003       0.85
06 Sep 2002       0.75 
4. Promoters of indraprastha hospital hold 51 % stocks 
5. Stock have no bulk/block deal since last 4 years. 
6. Net revenue per share per year is 66.18 so we can easily get a target above 60 if we hold it one year or more. 
7. Base price of indraprastha hospital is 35.35 so as my rule if this stock available 15 % below of base price mean near 30 or below 30 then it is a best buy but CMP 34 is also not bad for a long term buy. 
8. Currently i have no any share of Indraprastha medical but as usual my plan to catch this share near 30.

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